OT Rental Property (and a bit on JDSU/QCOM)
Poet:
I've had rental property since the early 90's. Got to the point where I finally had to hire a management firm that specializes in that area. They do it all...collect rent, maintenance, take the complaints, etc. I get one check per month from them with detailed itemizations of costs and rent. A management firm's fees can be hefty but you have to consider what your time is worth in managing it yourself, and all the other variables regarding why you have the investment in the property in the first place, i.e. income, appreciation, tax benefits, etc.
Frankly, I could have taken the money invested in the rental properties and made much much more having put that amount in the market instead. But, it has been a good experience and have learned from it. We still have the properties, too.
Rick
PS: Just for info if anyone is interested, I've been increasing my JDSU position versus QCOM. Last week I wrote QCOM was about 2 times my JDSU. Among the two, JDSU is now 60%, QCOM 40%. Have been buying the JDSU Sept 190 calls lately, UCQ IR. |
