Landlords’ returns are only as good as their property management. Unlike owning, say, shares in a mutual fund, bonds, or private notes, holding rental properties is not 100 percent passive. Rental income does require some work—and some skill, to boot. I see many mom-and-pop landlords make the same mistakes again and again and again. Here... Continue Reading →
How to Upgrade Your Landlording to Make Your Investment More Passive
1. Automate If you find yourself frequently doing monthly tasks like collecting rent, paying mortgages, renewing insurance premiums, etc., then you are in luck. These are the simplest chores to automate for free. Set them up to auto-deposit or draft directly to and from your business account the first time. You won’t have to touch them again.... Continue Reading →