Submitted by LongjumpingShot t3_109x09s in baltimore
EfficiencySuch6361 t1_j41ufca wrote
Reply to comment by TheSpektrModule in What does eviction prevention accomplish. by LongjumpingShot
It’s certainly not as lucrative here in Baltimore as some other places. It’s pretty standard especially in the pricier areas to only get 0.8%-1% of the purchase price as monthly rent, which is at the very bottom of the 0.8%-2% range that makes rental economics work. And if u can’t handle property management and at least 80% of the maintenance then it really becomes unprofitable quick. It’s not passive income I’ve discovered 😊 hopefully u feel good about the choice u made (which sounds very responsible)
TheSpektrModule t1_j421bh2 wrote
> hopefully u feel good about the choice u made
I wake up every morning thankful that I did not become a landlord.
Viewing a single comment thread. View all comments