rental properties are a buisness. can make good on it, but it is a buisness and has to be taken care of just like a job does. can make more money than other investments but also will take more time and has risk. time in court dealing with tenants is annoying.I think Rental properties, but tenants can be a fookin headache I read and talk to people trying to get out of it. I'd definitely hire a property manager but something like 90% of all property managers are dogsh!t too so. It's hard to secure an extra buck or an extra 8% annually on your wealth. I say rental properties cause if the dollar were to collapse at least you'd still have these HARD assets. You don't want pie in the sky 1s and 0s or bitcoin or whatever potentially vaporized wealth. Hard to vaporize properties short of a nuke.
It's an asset cause you gotta have somewhere to Live. So paid-off home = guaranteed whatever monthly payment you had coming in to your pocket. All you have is home owners insurance and taxes, yard work (it's a b!tch cause HOA or the city will fine you if you don't do it), and roof repair (lasts 15 years or more though) fence, fridge (replaced once in 10 years $2500 bought high-end fridge), washer n' dryer (replaced washer in 10 years $800), air conditioner/heater (fixed once in 10 years $1000), plumbing (have never had issue in 10 years now), painting (about to have done for 1st time in 10 years), shutters blowin off from the wind.A home is a liability.
Most assets have similar liabilities to those that you have mentioned. It does not mean they are not an asset. Even cash has a liability, inflation.A home is not an asset. Insurance, taxes, maintenance and repairs come OUT of your pocket. Therefore, a house is a liability.