Rentals...Worth the effort?

[RollingsFarms]

There's just not enough ways to protect yourself and property as a renter, in my opinion. I've weighed the pros and cons many times, spoken with many people who rent and I've never come away convinced to do it. I was approached by a man who rents a lot of mobile homes, he wanted to move one on an acre of land I had and rent the land from me. Said he'd pay $150 a month, the land had hookup for city water and sewage and a shallow well. I didn't have any electricity running to the property but it would be easy to do as the power line was right there. The more I thought about it the less I wanted any part of such an arrangement so I passed.

 

[ultrarunner]

Rentals don't have to have beds... commercial is very viable as is land.

All depends...

Over the last 15 years I have been steadily exchanging into commercial property... business to business rentals are very much straight forward with NNN leases.

One of my most trouble free properties is a post office I bought... it is NNN except I am responsible for the roof...

 

[RollingsFarms]

Rentals don't have to have beds... commercial is very viable as is land. All depends... Over the last 15 years I have been steadily exchanging into commercial property... business to business rentals are very much straight forward with NNN leases. One of my most trouble free properties is a post office I bought... it is NNN except I am responsible for the roof...

I would like to get into the commercial rental property but man is it expensive around here! You can buy hundreds of acres of farmland for what a few acres of commercial real estate goes for. You bring up a good point about being responsible for the roof. There was a nice diner in a strip mall that was doing booming business for the year it was open. A leak developed in the roof and became worse and worse, the landlord refused to fix it so eventually the restaurant said "screw you" when the lease was up. Now instead of having a profitable business, the guy has a leaky roof that needs replacing and who knows how much other damage because of being stupid.