{ "media_type": "text", "post_content": "How many of you have rental properties? I am done maxing 401k, IRA and putting $ in index funds. But haven’t had the time to research investment properties or courage to pull the trigger. Missing out?", "post_id": "5bea3a83f8aa9700175ea46a", "reply_count": 10, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

How many of you have rental properties? I am done maxing 401k, IRA and putting $ in index funds. But haven’t had the time to research investment properties or courage to pull the trigger. Missing out?

like
Posting as :
works at
You are currently posting as works at

Oh!!! I live at one of those

likefunny

No. Calm Down.

like

if you live near a military base and can find personnel to rent the property, it removes most of the risk. Failure to pay is frowned upon by chain of command and they will drop the hammer on any renter you turn in for non payment or damages.

helpfullike

The key is to thoroughly vet. Margins depend on what the housing market looks like in your area. Things to consider is it going to be a buy and hold, buy and flip, or buy and rent. It can be worth it. But if I can give any advice it is to go vacant longer to secure a good tenant if needed, it will save you headaches later. I charge 1 family under market but I rarely hear from them outside of rent day, they pay on time, and take care of the house. 👍

like

We have 3 regular rentals and a vacation property - it’s a good revenue source - that said you can’t go into it thinking it is easy and carefree - it is not. Lots to consider including qualifying the properties you want to purchase, your target market (type of renter) you want, manage yourself or hire manager (we have property manager - I hate the people side so willingly pay to not have to do it) - how much renovation you are prepared to do on a new property and do you know how to do stuff ....

like

Property management typically charges 10% per month - not a big bite - as I said it’s worth it for us - some people dont want to give up any $ for it - you have to decide if you are willing to do what it takes to manage it on your own

like

But on a serious note, if you are interested in it, it’s not a bad idea. A lot of risk, yes.. but it seems like this is something you enjoy?

It can be profitable however the biggest problem of a rental property is the renter. A tenant can be a massive headache and just not worth it

This is a second job

Having a property manager eats much of your margin. If you want to really make this work, you have to be really handy and do it yourself

Related Posts

Hello Fishes, I have two job offers in hand. Need for suggestion on which one is better to join considering work culture and other benefits. Offers are from SAP SDC and EY GDS with same salary benefits. Skillset- SAP EWM YOE- 12 Years

PWC what’s the range for Manager ? In general and in healthcare?

like

What happens if i485 is denied? Do I lose all benefits of i140 such as visa extensions and priority date?

like

Is it better to roll current traditional 401k (Merrill lynch) into new firms 401k (fidelity) or roll into traditional IRA instead (also with fidelity)? For context, im 27 male, will not need the money anytime in near future. I also want option to convert into back door Roth IRA one day if possible but don’t want to pay any penalties.

like

Best benefits of Deloitte ? Thinking about switching from EY for a more interesting group

like

For people here making less than 100K who max out their 401K / HSA, can I have a conversation with you about your taxes paid ? Is it significantly less or is your take home significantly less ? Trying to assess the financial impact to my take home if I max out my 401K. Ty!

like

Hey Fb friends - need an advise. My current firm hasn’t stated my GC process yet and with current processing time it appears to be somewhere around 12-15 months time to get PERM approved. In addition my current firm needs leadership approval & they make me sign a reimbursement form in case I quit. On other hand, I have approved i40 from my ex-employer (Big4) who fired me last fall, I don’t know if they will hire me back. Since I am from India and the date of filing appears like going to be…cont.

like

How would you prioritize the following? 100% match 401K up to 6% of salary Traditional IRA Roth IRA HSA ESPP, 15% discount, max contribution 10% of salary Other

like

New to United States - I noticed that my pay checks comprise approx. 64 % of my annual compensation( after 6% 401K and health insurance) . Is that normal or have I messed up something in tax forms?

likefunny

What percentage of your salary do you/ should you invest in 401k? And how did that change with age and experience?

like

My job was affected by COVID. I’m have a T20 MBA, closing in on two final round interviews one for a well know pharma consulting firm and the other for F 500 healthcare company as a regional ops director. I like both companies equally but looking to taking a shot at MBB in the next two years. Any advice?

like

What generally produces better returns - 401k invested in index, or landlords with leverage?

like

How do I get in the pharmaceutical industry? I have 3YOE in a healthcare consulting firm and MHA. Have experience with mostly federal gov. Work in a small healthcare consulting firm in dc.

like

Leaving deloitte soon, how soon after I leave am I able to cash out my pension?

like

Where are benefits and growth better. at EY India or Deloitte USI ?

like

It’s time for health insurance enrollment. I live in Wisconsin/Milwaukee.. I don’t always struggle to pick the right provider. Any recommendations?

like

Hello! I recently came across a junior credit research role at “Income Research + Management” and I was wondering if anyone knows of them? Specifically, I’m interested in their work/life balance policies, career trajectory and benefits. Thanks in advance!

like

Thinking about buying a house/condo. Single here. I have about $70K in savings and stocks combined. $110K in 401K, no outstanding loans and credit card balances. I am comfortable paying up to $1800/month for mortgage. Looking for suggestions on my readiness to become a home owner.

like

Does anyone know what health benefits (gym membership, reimbursements, etc) does PwC in Atlanta offer?

like

Additional Posts

Got an offer from Alix vs. Slalom vs. Deloitte! Would love to hear from the culture and your perspective from the fishes working at the firm. (Focusing on culture and career growth) From interview, Alix seems to be my fav, but doesn’t mean the other two are not good.

like

Hello Fishes, I have two job offers in hand. Need for suggestion on which one is better to join considering work culture and other benefits. Offers are from SAP SDC and EY GDS with same salary benefits. Skillset- SAP EWM YOE- 12 Years

Anyone make the leap from Accenture to Deloitte? Was it a better fit, experience, and culture? Was it not?

like

Does it hurt your interview / career at Facebook, Snap, Twitter etc. if you don’t have an account personally? I’m interested in applying to these companies but am a very private person that prefers not to be on social media myself.

like

Hello, Will anyone give me a referral to Oliver Wyman? :)

like
like

Are hours in FAANG/ big tech actually better than MBB?

like

Does DFW airport have a separate security line for priority boarding? Running late. Have priority boarding passes. Wondering if that would help navigate security faster.

like

Any one got any information about Point B consulting? Any information regarding the work they do, the culture, growth scale would be appreciated. TIA!!

like
like

9 hours from home to client site with no delays. Winning on Mondays 🙃

like

Anyone know what should be the salary range in Deloitte? If pass through the interviews then will be getting hired in HR transformation department with 7 years of exp. in the same field.

Cleared first round and my on-site is next week. It just came to my notice something about visa sponsorship in JD. It states “This role is not eligible for immigration sponsorship.” I have H1B but I would need H1b transfer and GC sponsorship. Can anyone help me out here.

like

Are LIC Policies Jeevan Lakshya and Jeevan Labh good from an investment and insurance POV? 25 lakh rs policy pays 67lakh after 25y on maturity. Premium paid is 1.2 lakh for 23&16y resp. Suggestions

like

PAS team at EY: any insight on project pipeline, team culture, and pay? Mainly interested in salary range for Staff and Senior in Workforce Advisory (Chicago) Thanks in advance!

like

Booked a flight in March with chase points that I cancelled bc if covid (~75k pnts). United told me I needed to re book in a year. I called to see if they could extend, they gave me a voucher for ~$1k that lasts for 2 years. Just got a notification from chase that my flight was cancelled and they refunded all the points. I now see the voucher and the redeemed points on the apps. Did I get lucky and get to keep both or is chase/United going to realize when I try to redeem one or the other?

like

How much is 12,000 SPG worth in $$$?

like

Looking for input from indy/RIA, wirehouse, B/D, Bank, Insurance folks all in one spot. If you have $50M wrapped at 1% (let’s just assume for this purpose)... what does that equate to for total comp?

like

Interviewing for Accenture and concerned about the background check. I have a few drinking tickets from silly mistakes made in college. How strict is Accenture regarding misdemeanors? Is this an automatic disqualification from consideration? My criminal history is not related to the job responsibilities.

like

Flying out of newark for first time tmrw morning 8am (I'm an LGA gal normally). Terminal C, have precheck. Cannot miss the flight but also love my zzzs; any advice on when to get there?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal