Turning residential properties into rentals is such a substantial investment that REITs, or Real Estate Investment Trusts, have been buying large portfolios of single-family homes, and holding them as rentals.
Managing your real estate investments can be a frustrating,
never-ending stressor. If you own
multiple rental properties that are scattered across the metro-Detroit area then
you know it's easy to get overwhelmed by all the tasks and property management
necessities. What alternative do you
have? It seems counter-productive to
have a full-time employee (or multiple employees) with salaries that eat up
your profits.