Show HN: Should you buy a house and rent it out?

Re:Show HN: Should you buy a house and rent it out? by nkozyra on Saturday April 20, 2019 @08:33AM (#19706196)

Anecdotally we make ~ $500/mo after property management costs, but it isn't 100% hands-off. They are a middleman which means they bother us instead of the tenant.

I don't want to belittle the $500, but if we had good tenants and dealt with them directly we'd be getting double that.

Now is an extra grand a month worth the hassle with GOOD tenants? Maybe. But all it takes is one bad one to be in the hole and full of stress.

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Re:Show HN: Should you buy a house and rent it out? by sizzle on Saturday April 20, 2019 @12:03PM (#19707228)

Wow how are you making $1k over mortgage, is the market and location that hot?

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Re:Show HN: Should you buy a house and rent it out? by nkozyra on Sunday April 21, 2019 @07:49AM (#19711652)

We aren't because of the property management fees, but we could. We bought at absolute rock bottom in 2010.

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Re:Show HN: Should you buy a house and rent it out? by sizzle on Sunday April 21, 2019 @03:54PM (#19714177)

Sounds like a great investment, I'm paying several hundred a month unfortunately cause my market got cold. Might sell the property for a small profit if it keeps burning a hole in my pocket.

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