Some investors change course and end up regretting it. They may realize they’ll make less money on the deal than originally expected, so they hold the home and rent it instead.
But then they discover they aren’t prepared to be landlords — from the hassles of dealing with problem tenants to the high cost of maintaining the homes.
“Something that was supposed to be a profitable and enjoyable experience turns into a nightmare,” Levinrad said. “If your profit is less than you anticipated, consider it a lesson learned and move on to another property.”
©2013 Sun Sentinel (Fort Lauderdale, Fla.)
Visit the Sun Sentinel (Fort Lauderdale, Fla.) at www.sun-sentinel.com
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