Hi Ann,
Think twice before you buy property to rent. As someone who is bogged down with retail property and office space,it can be a big headache,
It takes a lot of time if you have new tenants.
Ie; good tenants are great, but are few and far between.
If you have a manager to handle it,there goes 8 to 10 % of your rental income.I have inheirited my property,with stockholders who remain silent,content to let me handle everything myself.
Yes,tax deduction,but every tenant comes with their own special situations which become your concern. I am not talking about a big production, just a small venture with big headaches.
If you have a lot of spare time to spend,not always,but when things go awry,you have to handle it,go for it,but know what you are getting into before you leap.
All is not skittles and beer1!
good luck I could go on and on but won't
Eliz2{one who's been there and still there} gg |
