Condos As Rentals
When I first started in the landlord business a decade ago, we started looking at condos to use for rental properties. They were cheaper than single family homes, they were low maintenance as I didn’t have to deal with snow, lawn or building maintenance and they were in high demand as rents were a bit lower than renting a house. Also many buildings offered rental pools making my job even easier.
Fast forward a few years and I had a few more insights into the positives and negatives of condominiums as rental properties. That’s where today’s video comes in.
If you’ve just started reading the Educated Landlord, this video is off my normal beaten track. Typically my articles revolve around being a landlord, but recently people have been indicating they’re considering picking up additional properties.
I’ve been there, I’ve made some mistakes and I’ve made some great decisions. So rather than you finding out about the mistake part on your own, I’ve created a few videos addressing what to look for with picking up another property and what to watch out for.
But don’t worry, I still have plenty of additional landlord tips coming too, so watch for them as well. So check out the video below and don’t forget to share it with other landlord or potential landlord friends!
Did the video help? Did it give you a different perspective on using condos as rentals? And would you like more videos along this vein?
As always, leave me a comment if you have one (or can make one up). Let me know if you find the videos helpful, or what else you want to know about and I will do my best to get more info out to you!
Also, if you were paying attention, I’m just about ready to release my new E-course on screening tenants. It’s a short five day course that will prepare you for screening your first or your fiftieth tenant and it’s going to be absolutely FREE!!!
My “beta” reviewers have already been giving some hugely positive feedback and I’m pretty excited to hear form everyone once it’s live. If you’re not currently registered on the site, please take a moment and register on the bottom of this page with your name and email so you can be among the first to find out when it’s released.
Thanks for joining us here at The Educated Landlord. FYI, the picture at the beginning is the building where we bought our first condo(s) back in 2004 and this was one of our advertising photos when we rented them out. And that is why you turn the date stamp off on your advertising photos!
James says
Thanks for this video Bill. I share the same feelings only I met you to late. Lol. My first prop (and only so far) is a condo and will never do it again. House next time!