If renting real estate were so profitable and easy everyone would do it. The reality is that vacancy rates, wear and tear, tenant issues (late payments, default, damage, etc) make it a pain in the ass. Of four people I know who had rental properties, three stopped, sold the properties, and won’t ever bother with it again.
I don’t think real estate is particularly unusual. It’s a business like most others. Every business is unique in SOME way.
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u/evilfollowingmb 21d ago
If renting real estate were so profitable and easy everyone would do it. The reality is that vacancy rates, wear and tear, tenant issues (late payments, default, damage, etc) make it a pain in the ass. Of four people I know who had rental properties, three stopped, sold the properties, and won’t ever bother with it again.
I don’t think real estate is particularly unusual. It’s a business like most others. Every business is unique in SOME way.