Guest post written by my buddy Aldo Mays
My husband I have just invested in our first rental property. We bought a small, old house and fixed it up, and now we are going to rent it out to college students. We live in a college town, so that shouldn’t be too hard. We are hoping to have steady renters to pay the mortgage, and still make a little profit. Once it is paid off, it will be all profit. Rental properties can cost money, though, believe me.
Just the cost of maintaining it can get high. I’m sure that when someone lives in a rental property, they don’t take as good care of it as you would if you owned it yourself, so there will always something to repair. Right now I’m researching different cable providers that we could use. I wonder if there is someone that specializes in serving rental properties. Surely there is some sort of plan out there for landlords. Then again, we could just leave it up to the renters to get television if they want it.