Can rental properties be 100% passive income if you pay a property management company to do all the work for you?

of course

>too scared to handle your own business

You deserve to lose 10% a year.

As someone with 20 apartments, it's way way way way way way easier managing all of this yourself. It's a full time business.

>Prefers to going down to the 'hood to deal with a late rent check from Lady Marmalade Momjombo.

Let the management handle it.

How is it easier to do it yourself when you can pay a company to do it for you?

the best passive income rentals are in Asia (Hong Kong, Singapore, Seoul, Vancouver). the law, market, and tenants are all focused on the owners. the worst are in US/EU.

How about buying farmland and renting it to a farmer?

When I bought my townhome I had to break it to the hispanic family I was buying to live in and not rent it out. The owner kept them in the dark until after he accepted my offer. Get out south american families this townhome belongs to me and my asian girlfriend, luckily I speak spanish. Lo siento, no mas casa

Its great unti someone destroys your shit.

traditional "farmers" dont exist in the US. its all corporate millionaires who own entire counties.

Screening tenants is the only real bennie out of managing it yourself. I live in fucking WA and they've passed numerous housing discrimination laws over the last few years; they're easy to circumvent on your own, not so much with property management.

My folks owned four or five rentals over the years and they always rented to old ladies. Sure, my dad had to cut the grass and do basic maintenance, but they always paid on time and didn't leave until they had to go into nursing homes. Those were the days...

We painted the brick fire place purple. Hope you like it. Happened to my aunt in a so cal home. She also had a lawyer who left shit all over the carpet but never owned a pet

Because I know I can do their job better without paying them a fucking salary. I know the property better I know how to fix everything and when I get a new tenant I want to see if they're gonna pay me (which is the hardest part of the business).

And owning that much property, something's bound to get trashed at the worst time possible and I'd rather be putting money back into repairs than paying some chump to pick up a rent check.

Can't you sue for something like that? Painting over brick is permanent damage of property.

For context I know a farming family around here who has been renting their farmland for three generations passing down their lifetime leases to their sons. Some of the lots they rent are owned by the land grand university and another of their lots is owned by the that hospital charity.

Bullshit.

I'm surrounded by small farms (

>renting their farmland for three generations passing down their lifetime leases to their sons
They couldn't save up enough money to buy the property in 3 generations? That's just sad.

HAHAHAHAHAHA

What uni?

probably take them to small claims court if you're willing to miss work

They wont sell, several of the farming families around here already tried. For one the university was granted that land and thats their income and I guess the charity has a similar model as the university making passive income for to pay for their gibs.

Does it matter because a bunch of universities are so called land grand universities and earn passive income.

we have 2 types of "farmers" here in Arkansas:
>small time hobby farmers
>big time corporate farmers

there would be demand for farm land rentals. not sure about your state.

>Arkansas
neighbor to the east

lmao I made 230k selling real estate last year and I'm 27. I get that many agents are tards but don't be one yourself. There's tons of money to be made and I'm in complete control of my own schedule.

Also, managing rental properties can be a giant pain in the ass and it is generally worth the 8-10% to just pay a good property management company to deal with the headaches.

How did you make that much in one year?

I just wondered because I graduated from a huge land-grant university and they don't do this; tens of thousands of acreage in wheat, soy and lentils...all managed by university employees and research faculty.

Maybe their business model is not passive but they manage it and profit off the commodity prices I mean what do they do with all that after harvest eat it or sell it for a profit?

Interest rates are rising. Housing crash is coming.

yeah never listen to the retarded real estate agents, they literally have ZERO idea what they're talking about 100% of the time.

A monkey could do your fucking job.

>How did you make that much in one year?
be in NYC or SF

homes are the easiest thing to sell. getting people loans is harder now

Just because the properties are more expensive doesn't mean the profit margins are going to be significantly different.

No but the same margin gives you more $ in CA or NY

I'm quite sure any income generated from crops is secondary to the federal and corporate research grants they receive. Monsanto and Dow Ag spend plenty for the university to dump experimental product on China and Southeast Asia.

Funny, right now there is actually a bidding war for naming rights to the football stadium; it's between Dairygold and Henry Schein Animal Health. I guess we really will be a "cow college" now...

A few days ago I was reading some articles about how even the Ivy league and even Cambridge own huge tracks of land. And this is from the abstract of a related paper
hbs.edu/faculty/pages/item.aspx?num=51338
>The Role of Real Estate in Endowment Portfolios: The Case of Christ Church, Oxford
>Treasurer, James Lawrie, who is contemplating his options for investing a portion of the College's endowment in real estate. Approximately 1/3 of the total $690 million endowment was allocated towards real estate, much higher than the typical 4% allocation by his American counterparts. Differing from many U.S. endowments, real estate has remained a vital part of the Christ Church endowment since its founding in the mid-16th century. The College began with significant real estate holdings originally received from Henry VIII, which seeded the College's endowment.

If your in the hood and you are dealing with sec 8 the gov pays you not the nigs

> airbnb management companies
Yes, I have one property rented through one of those.
I have to give them 20% of gross earnings.
I also have to pay condominium fees, airbnb fees, the cleaning lady, all the utilities, and insurance.
Result, I earn more or less the same than if I rented out to a long-term tenant.

insights.som.yale.edu/insights/how-should-nonprofits-invest
>nonprofits must invest the donations they attract in ways that generate sufficient returns to cover operating expenses and meet philanthropic goals, while beating inflation and preserving capital.
>Charities, and especially university endowments, lately have turned to sophisticated methods of portfolio diversification to meet this investment challenge, expanding beyond stocks and bonds into vehicles like hedge funds, private equity, venture capital, real estate, and even timberland.
>The use of alternative asset classes in philanthropy was pioneered in the Ivy League, notably at Harvard and Yale in the 1970s, and has since become nearly ubiquitous at universities. In the fiscal year that ended in June 2014, just over half of the money in 835 university endowments was allocated to alternative assets

bloomberg.com/news/articles/2013-08-08/korea-state-fund-to-spend-up-to-10-billion-on-alternatives
>Korea State Fund to Spend Up to $10 Billion on Alternatives
>Korea Investment Corp., the nation’s sovereign wealth fund, plans to spend as much as $10 billion to triple its allocation to alternative assets, diversifying its portfolio to smooth the fund’s returns.
>The sovereign wealth fund, known as KIC, wants to increase holdings of private equity, real estate and hedge funds to as much as 20 percent of its portfolio
>KIC’s investments in hedge funds and real estate have yielded an average 7 percent annually since inception, according to the 2012 annual report published in May.
>The chief investment officer said alternative investments would be evenly spread. “It may be 40 percent private equity, 30 percent real estate and 30 percent hedge funds”

Bump been wondering about renting out my townhome. Will check back.

>relying on airbnb

you kidding? Airbnb has been know not to pay for damages if the client ruins your stuff/house/ ect.

Enjoy spending thousands on lawyer fees.

if you do it through airbnb the payment is held by them and verified to be therre

>old two-story homes from the 1800's
Sounds comfy to me familia

>Airbnb has been know not to pay for damages if the client ruins your stuff/house/ ect.

Why would they pay?
Airbnb didn't damage anything, the guests did. Airbnb is just an advertising company.

not only that but relocating the accounting and ownership offshore in order to minimize the tax, effectively lowering it so it makes more profit even after management fees versus doing it yourself

can't you standblast the paint off of the brick?

they offer insurance
(allegedly)

So how much do I need to get into rentals anons?

My tentative plan right now is to pull out $15,000 from my crypto stack for a down payment

Then why not just get a long term tenant? If you live far away, just pay a management company to fix a problem when needed.