Rental properties build wealth long-term, but only if you can handle repairs, tenants, and reserves. Hire a property manager to skip the headaches and stay hands-off.
My favorite and why I'm in real estate is the long-term wealth building through rentals. A rental property isn't just a monthly income source. It's a long-term wealth strategy. You may want to avoid renting if you can't financially handle the repairs. You don't want tenant interactions. You don't have reserves set aside. You're not comfortable with Oregon landlord-tenant laws. You want a clean, simple exit. You know, a professional property management company really gives you opportunity to have a hands off, um, stress-free investment without the headache of managing it yourself.
What Holding a 13-Unit Rental for 5 Years Really Taught Us | Arizona Deal Part 2: The Hold Period
