Comments on: My First Year Being a Landlord http://fabulousfinancials.com/2008/08/my-first-year-being-a-landlord.html The journey of a fabulous single mom pursuing financial independence Fri, 09 Jan 2009 13:08:16 +0000 http://wordpress.org/?v=2.6 By: Lauren http://fabulousfinancials.com/2008/08/my-first-year-being-a-landlord.html#comment-26375 Lauren Mon, 25 Aug 2008 21:10:26 +0000 http://fabulousfinancials.com/?p=1057#comment-26375 Thanks for posting this. I've been contemplating buying a rental property for the past year and I can't seem to make up my mind. You always hear about the benefits of owning property, but not necessarily all of the grunt work and hassle involved. What percentage of your time would you estimate that dealing with property issues takes up per week? Thanks for posting this. I’ve been contemplating buying a rental property for the past year and I can’t seem to make up my mind. You always hear about the benefits of owning property, but not necessarily all of the grunt work and hassle involved. What percentage of your time would you estimate that dealing with property issues takes up per week?

]]> By: Housing, Retirement, Investing… and Michael Phelps! http://fabulousfinancials.com/2008/08/my-first-year-being-a-landlord.html#comment-25864 Housing, Retirement, Investing… and Michael Phelps! Wed, 20 Aug 2008 13:30:09 +0000 http://fabulousfinancials.com/?p=1057#comment-25864 [...] My First Year Being a Landlord Any thoughts that I had about investing in real estate came to a screeching halt after reading this article. It sounds like a huge pain. [...] [...] My First Year Being a Landlord Any thoughts that I had about investing in real estate came to a screeching halt after reading this article. It sounds like a huge pain. [...]

]]> By: dogatemyfinances http://fabulousfinancials.com/2008/08/my-first-year-being-a-landlord.html#comment-25702 dogatemyfinances Sun, 17 Aug 2008 17:05:52 +0000 http://fabulousfinancials.com/?p=1057#comment-25702 Even if this place were making money, it seems like so much emotional drain and stress. Really, how on earth do you have time for this? Even if this place were making money, it seems like so much emotional drain and stress. Really, how on earth do you have time for this?

]]> By: finance girl http://fabulousfinancials.com/2008/08/my-first-year-being-a-landlord.html#comment-25653 finance girl Sat, 16 Aug 2008 17:09:06 +0000 http://fabulousfinancials.com/?p=1057#comment-25653 Wait I forgot to also say: Income producing real estate is the ultimate diversifier. So when thinking this through, don't just think of the larger goal the rental property holds for you, but also think about it's role as a diversifier on your Balance Sheet. Wait I forgot to also say: Income producing real estate is the ultimate diversifier.

So when thinking this through, don’t just think of the larger goal the rental property holds for you, but also think about it’s role as a diversifier on your Balance Sheet.

]]> By: finance girl http://fabulousfinancials.com/2008/08/my-first-year-being-a-landlord.html#comment-25648 finance girl Sat, 16 Aug 2008 17:06:36 +0000 http://fabulousfinancials.com/?p=1057#comment-25648 Wow, I think it's a cute place! BTW I did same: turned prior home into rental. By now you know the trade-offs...but..I'd say it's really unfortunate you had such horrible tenants as a first experience. Question: What is your goal with the property? If you have a goal associated with it, it will clarify your decision making process for you and tie it to something larger (e.g. retiring early, place to move back to). Wow, I think it’s a cute place! BTW I did same: turned prior home into rental. By now you know the trade-offs…but..I’d say it’s really unfortunate you had such horrible tenants as a first experience.

Question: What is your goal with the property?

If you have a goal associated with it, it will clarify your decision making process for you and tie it to something larger (e.g. retiring early, place to move back to).

]]> By: sixpack http://fabulousfinancials.com/2008/08/my-first-year-being-a-landlord.html#comment-25636 sixpack Sat, 16 Aug 2008 14:50:38 +0000 http://fabulousfinancials.com/?p=1057#comment-25636 I'd keep renting it. You had a really rough time for the first year and it can't get much worse than that. I'd bet that your next tenants won't neglect the place as this one and they'll respect the place. I wouldn't throw the baby out with the bathwater. I’d keep renting it. You had a really rough time for the first year and it can’t get much worse than that. I’d bet that your next tenants won’t neglect the place as this one and they’ll respect the place. I wouldn’t throw the baby out with the bathwater.

]]> By: Business 2000 Foundation http://fabulousfinancials.com/2008/08/my-first-year-being-a-landlord.html#comment-25580 Business 2000 Foundation Sat, 16 Aug 2008 01:31:55 +0000 http://fabulousfinancials.com/?p=1057#comment-25580 Maybe, review your options and re-consider tax strategy to offset the losses. To be more strategic. What is life if we don't task risks? Calculate the risk and protect it's downside while using risk free options. Maybe, review your options and re-consider tax strategy to offset the losses. To be more strategic.

What is life if we don’t task risks? Calculate the risk and protect it’s downside while using risk free options.

]]> By: BK http://fabulousfinancials.com/2008/08/my-first-year-being-a-landlord.html#comment-25563 BK Fri, 15 Aug 2008 17:11:46 +0000 http://fabulousfinancials.com/?p=1057#comment-25563 I say take it back to the bricks.. :) I got ya back Gina.. but on a serious note.. and I already know you will do this.. DO WHAT'S BEST FOR YOU! I say take it back to the bricks.. :) I got ya back Gina..

but on a serious note.. and I already know you will do this..

DO WHAT’S BEST FOR YOU!

]]> By: chele http://fabulousfinancials.com/2008/08/my-first-year-being-a-landlord.html#comment-25529 chele Fri, 15 Aug 2008 03:33:01 +0000 http://fabulousfinancials.com/?p=1057#comment-25529 Thanks for posting this. Realtors always tell you the upside of owning a rental property ... it's good to finally see the "other" side. I'm sure whatever you decide will be the right decision for you. Thanks for posting this. Realtors always tell you the upside of owning a rental property … it’s good to finally see the “other” side. I’m sure whatever you decide will be the right decision for you.

]]> By: Rufina http://fabulousfinancials.com/2008/08/my-first-year-being-a-landlord.html#comment-25515 Rufina Thu, 14 Aug 2008 23:41:10 +0000 http://fabulousfinancials.com/?p=1057#comment-25515 The house is beautiful, all I can say. If it was in New York, I would not hesitate to buy it - and my daughter painted her room same blue color as your BG did hers, so she would be probably up for a trade :-) too bad it can not be moved to New York, the house I mean :-( The house is beautiful, all I can say. If it was in New York, I would not hesitate to buy it - and my daughter painted her room same blue color as your BG did hers, so she would be probably up for a trade :-)
too bad it can not be moved to New York, the house I mean :-(

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