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Investment property management is a subject that sends most new real estate investors running for cover. The thought of being a landlord and dealing with troublesome tenants is enough to discourage many people from attempting a career in real estate. In this episode, Ronnie talks about the different options available for managing your investment properties and shares his own experiences and recommendations.
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One of the greatest risks in property investment comes with investing on foreclosed bank owned properties. Often times the previous owners who were facing foreclosure will destroy their own home out of spite knowing eviction is inevitable. A lot of the damage is hidden as well, like damage to electrical and plumbing. It’s very smart to have a full inspection done with all utilities tested before investing in a foreclosed property.
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