The thing I hate most is that all of these clowns will tell you you MUST raise rent every year. They also would likely try and murder you if you even got close to forcing them to pay their employees more every year, or even just other people’s employees. Keep in mind, if you own the property, you are making money with equity no matter if you have tenants or not. So all the rent is gravy but they want to squeeze people to death because they legally have to maintain their own rentals, which the cost of upkeep is REALLY far below the rent paid. Again, $0 in rent is STILL making money off the property.
100% as long as you’re talking about paid off property. That doesn’t really exist since every company that makes this their business model is over-leveraged as fuck and landlords with a single property are very likely to still have a mortgage.
The thing I hate most is that all of these clowns will tell you you MUST raise rent every year. They also would likely try and murder you if you even got close to forcing them to pay their employees more every year, or even just other people’s employees. Keep in mind, if you own the property, you are making money with equity no matter if you have tenants or not. So all the rent is gravy but they want to squeeze people to death because they legally have to maintain their own rentals, which the cost of upkeep is REALLY far below the rent paid. Again, $0 in rent is STILL making money off the property.
100% as long as you’re talking about paid off property. That doesn’t really exist since every company that makes this their business model is over-leveraged as fuck and landlords with a single property are very likely to still have a mortgage.
One day you’ll learn the difference between hard and liquid assets.