If you are a frequent visitor to Luke1428 you know I have an affinity for rental real estate. I purchased my first property five years ago, mistakenly paying a bit too much for it. At the time, I was very eager and let my excitement cloud my judgment on that purchase. I simply wanted to get started…that was all I cared about.
I’ve learned many things since then and survived my share of dark moments. You may remember my post from last fall about the nightmare I went through during my first eviction. Ending up in front of the county judge to settle that dispute was frustrating but valuable all at the same time.
Nobody should become a landlord without doing some serious reading on the subject. That will help eliminate some mistakes you could easily make. But head knowledge can only take one so far. Some things are only learned through experience.
Starting today, I’m going to devote one article per month to this topic. Hopefully I can give you some insight into what being a landlord is like and help you determine whether it’s right for you. Truth is, it’s absolutely not right for everyone.
