Now you’ve owned a house, picking up mails from your mailbox and paying those never-ending bills ranging from mortgage payment, property tax, to water, gas, and electricity bills.
It is time to move up to the next level of real estate investing: become a landlord.
This sounds easy, yet also sounds dreadful to many. Live with a tenant or manage a tenant sounds like a daunting job, let alone hearing so many story about war between landlord and tenant.
On the other hand, this is a must-have learning curve for anyone who believe in the real estate investment. You cannot just count on the long-term capital appreciation on your house. Cash flow is the lifeline of your investment, just like blood to our body.
Cash flow can not only pay for some of your bills, but also help you weather through the real estate cycles in the downward market. Everyone had a house in early 1990 will be panic seeing the market dropping 10% - 20% every year. A tenanted house with healthy cash flow will prevent those house owners to hit the sell button, and patiently waiting the market to recovery.
Frankly, finding good tenant/s is no easy job. You definitely need to learn the ropes and do your own homework. Learn more from our Landlord Help Center for more information.