3 things I learned about being a landlord from an investor who owned nearly 30 rental homes
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My ex-girlfriend’s dad owned 28 rental properties, and watching him manage those investments showed me how real estate can lead to financial freedom and generational wealth.
I’d like to become a landlord and include real estate in my retirement investment plan, and observing my ex’s dad taught me a few lessons.
For one thing, I learned that it’s important to keep a separate phone number and PO box for business. Also, it’s essential to have maintenance workers you can call on when needed.
One of the best examples of smart, long-term investing I ever saw was an ex-girlfriend’s dad (let’s call him Mark for the purposes of this story) who had a large portfolio of rental homes; he owned about 20 investment properties when I knew him, and later made a big purchase of eight additional houses at once.
He showed me the power of real estate for building wealth, and observing him taught me some lessons about being a landlord that I’ve held onto for years.
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https://www.businessinsider.com/personal-finance/lessons-being-landlord-from-real-estate-investor-2020-8?IR=T