There are lots and lots of ways to be a landlord.
It's no secret that I only purchase places in neighborhoods that I believe are thriving and that are in close proximity to the water (I sort of rely on God not relocating the Atlantic Ocean anytime soon).
I do not buy property in neighborhoods that are considered high risk, in terms of crime and development. It's just not what I do.
Has this protected me from having to evict tenants? No. Has this protected me from having my tenants commit crimes? No. Has this helped me sleep at night? Yes.
There are many ways to buy and rent property. Ways that are outside of my comfort zone. You hear me talk again and again about numbers and purchasing strategy but, to me, owning homes is about much more than just turning a profit.
I do what I do.
Do you have questions about it? Or any experiences that you'd like to share? Opinions about slumlords?
Note: When I mention in the video that all of the properties that I've purchased are within a few of square miles of each other, I was referring to the properties in South Florida. All are located in East Fort Lauderdale, majority in, or near, Lauderdale-By-The-Sea. However, I do own a townhouse in Gainesville, and obviously we recently moved to Jacksonville. The point I was making, is that I only purchase in neighborhoods that I am willing to live and invest myself in.