Real Estate Investing: maryland property management llc Risks and Benefits
I am struck by how people struggle to find ways to put their money to work. Most people think their only option is to put money into stocks or mutual funds. People are intimidated by real estate and other direct investing strategies. They think theyre too risky. Yet theyll run off and sink their entire lifes savings into a blue chip company not knowing a single thing about the organization because large American companies cant fail, right?
For the original version including any supplementary images or video, visit http://www.washingtonpost.com/blogs/where-we-live/post/real-estate-investing-requires-a-new-way-of-thinking-about-your-money/2013/03/26/d0c6f0c0-956f-11e2-ae32-9ef60436f5c1_blog.html
Two big suggestions here: Have a written agreement between the parties, and one party should be responsible for management of the property (or managing a property manager) and be paid for handling the management. This eliminates disputes over who handles the problem if a major issue arises during a holiday or the Super Bowl. Benefits: You would share decision making and profits, and all partners directly control the asset. Having partners can be a plus as long as all partners are on the same page.
For the original version including any supplementary images or video, visit http://homes.yahoo.com/news/real-estate-investing-risks-benefits-174527647.html