By Joe Edgar On the surface, real estate investing seems so easy. Passive income, property appreciation, tax benefits, and more. What’s not to like?
But the reality of life as a landlord isn’t so rosy. It’s hard work. It takes time, research, and careful study to understand the business. It’s far easier to lose money on a rental property than to make money.
In fact, anyone can do it! All it takes is some shortsighted business moves, inexperience, and greed, and you, too, can lose thousands on an investment property. Of course, no one sets out to lose money. But having some guideposts about what you’re doing really helps. So here are the five most common mistakes people should avoid when getting into the rental property business….