7-9% on higher-end properties is better than I can do around here. So guess we've both found niches of potential success.
I agree on the mngmnt thing, easy to say something is broken when maybe not bad or have a friend that cleans or whatever and bill for more than work performed.
So far so good though. I'm looking at possibly adding another condo in near future. I can handle no cashflow for awhile, no mortgage to worry about. Just fixed costs eating away when vacant (taxes, utils, HOA dues, etc).
PS- I still am looking seeing rental property as better than stox currently. Obviously doing both but finding 'easy' stocks are hard to find right now while I am starting to find a couple easy properties again (after seeing inventory evaporate the last several months).
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
