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12-01-2020, 02:46 PM
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Sage
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Join Date: Aug 2016
Location: village of Fenney, Ford City, Pa., and Hudson, Ohio
Posts: 4,662
Thanks: 6
Thanked 4,879 Times in 1,676 Posts
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Quote:
Originally Posted by retiredguy123
Do a detailed financial analysis. Make sure you allow for all costs, including lost rent, damages, maintenance, insurance, etc. You may find that it is not worth the effort to be a landlord. It wouldn't for me, especially if I only had one house to rent.
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Don't forget appreciation especially if buying new. If you would have bought new in Fenney in 2017 your would have made out without even having a tenant.
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