If you are thinking of owning investment property, here are some best- and worst-case considerations
Owning investment property is a dream come true for many people. But, it only takes one difficult tenant to turn that dream into a nightmare experience! And, navigating complicated ordinances and laws — that are often restrictive and unkind to landlords — can drive any property owner crazy!
Most landlords embrace the responsibilities that come with owning investment property. Who wants to be an insensitive landlord, or seen as money-hungry, greedy and only caring about collecting rents? Unfortunately, it’s the landlords who abuse investment property ownership that tend to make life difficult for the good landlords!
As a real estate professional, I’ve advocated on behalf of tenants AND landlords. When rental housing laws and guidelines are fair, the playing field is level, and everyone wins. In this blog post, we’ll explore the experience of becoming a landlord with your first investment property transaction.