too old to be LL
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too old to be LL (by Bob [NY]) Jun 8, 2021 9:21 PM
       too old to be LL (by Robert J [CA]) Jun 8, 2021 10:13 PM
       too old to be LL (by Jim In O C [CA]) Jun 9, 2021 3:28 AM
       too old to be LL (by Sisco [MO]) Jun 9, 2021 5:48 AM
       too old to be LL (by Sisco [MO]) Jun 9, 2021 5:48 AM
       too old to be LL (by Smokowna [MD]) Jun 9, 2021 6:57 AM
       too old to be LL (by Smokowna [MD]) Jun 9, 2021 7:02 AM
       too old to be LL (by S i d [MO]) Jun 9, 2021 8:42 AM
       too old to be LL (by Deanna [TX]) Jun 9, 2021 9:05 AM
       too old to be LL (by Vee [OH]) Jun 9, 2021 2:43 PM
       too old to be LL (by plenty [MO]) Jun 9, 2021 2:49 PM
       too old to be LL (by Landlord ofthe Flies [TX]) Jun 9, 2021 3:49 PM
       too old to be LL (by GKARL [PA]) Jun 9, 2021 11:30 PM
       too old to be LL (by GKARL [PA]) Jun 9, 2021 11:34 PM
       too old to be LL (by LindaJ [NY]) Jun 11, 2021 1:34 PM
       too old to be LL (by Live and Learn [TN]) Jun 12, 2021 1:49 AM

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too old to be LL (by Bob [NY]) Posted on: Jun 8, 2021 9:21 PM
Message:

Many years ago I sold my two properties and moved on . Now fast forward I'm retiring next year at 69 . The bonds and preferred stocks ive invested in are maturing fast and anyhting new issued is 1 or 2 %.

I am seeking to buy one or two properties and pay cash but am I too old ?? strictly for cash flow which I predict is safer than preferred stocks and corporate bonds today . thanks --68.133.xx.xx




too old to be LL (by Robert J [CA]) Posted on: Jun 8, 2021 10:13 PM
Message:

Most of my landlord friends/clients started off being landlords in their 40's and are not in their late 80's.

Money an income have no age limit. It's only the management and repairs that make us feel old! For that you can heir help, managers and realtors. --47.155.xx.xxx




too old to be LL (by Jim In O C [CA]) Posted on: Jun 9, 2021 3:28 AM
Message:

Im 79 and still going strong. My rentals give a great income and something to do if I want. I stay off Roofs and 8 foot ladders. --99.23.xxx.x




too old to be LL (by Sisco [MO]) Posted on: Jun 9, 2021 5:48 AM
Message:

If you would just tell us how long you will be healthy of your right mind and energetic, we could easily answer your question.

You are too old for a long term buy and hold strategy that relies on market appreciation unless your investment involves a younger heir. Otherwise you are spending your money and time with no chance of gain.

You need to clearly see the exits before you buy in. --67.43.xxx.xxx




too old to be LL (by Sisco [MO]) Posted on: Jun 9, 2021 5:48 AM
Message:

If you would just tell us how long you will be healthy of your right mind and energetic, we could easily answer your question.

You are too old for a long term buy and hold strategy that relies on market appreciation unless your investment involves a younger heir. Otherwise you are spending your money and time with no chance of gain.

You need to clearly see the exits before you buy in. --67.43.xxx.xxx




too old to be LL (by Smokowna [MD]) Posted on: Jun 9, 2021 6:57 AM
Message:

You've got at least 20 years that you should be pumping out progress through experience! How can you live with your conscience? Everyone else is working and you are watching TV shows about picking fishing lures.

Back to work! and, if this happens again...no dinner.

Depending on what you buy, and where you buy...you may be able to help a family along. Either find that diamond in the rough family that really works to get buy - provide them with a good home where they could stay for years.

and/or...spot a good situation where you will hold the mortgage for a tenant.

Much easier said than done, however if you are buying with these types of ideas in the back of your mind, it may help with the decisions.

*Written by someone who enjoys doing repairs, frowns on people who complain but is enamored by teni who appreciate my efforts.

If landlording didn't give you any joys, then yes I would switch over to other investments. --108.28.xx.xxx




too old to be LL (by Smokowna [MD]) Posted on: Jun 9, 2021 7:02 AM
Message:

....I should of added.

If you have one or two homes, and you prep those homes with new HVAC and Water Heaters, new bathroom fixtures.

The likelihood of you getting many repair calls is low.

After that, if you have a meticulous handyman type...most of your bases will be covered.

....the question is not your young age, the question is whether you want to return to this line of work. --108.28.xx.xxx




too old to be LL (by S i d [MO]) Posted on: Jun 9, 2021 8:42 AM
Message:

It depends on what you mean by "be a land lord".

Are you going to be the jack of all trades managing, doing repairs, handling your own trash outs/evictions, etc.? I don't do repairs or trash outs, and I'm a spring chicken at age 45! I do still self-manage, but each year using more online systems to automate things like advertising, showings, lease signings, etc.

But if you plan to hire a reputable management company, or even better, hire a young go-getter to handle the day-to-day affairs, then I think it's a great choice! Mr. LL himself has spoken at the Conventions several times about hiring our own managers, even those who have only 1 unit. Train them to operate the way you want them to, then all you do is call them when something needs to be done.

If you don't want to do that, though, the S&P500 Index has consistently returned 10.7% annualized growth since its inception in 1972. Hard to beat that considering you have no hassles at all. The key is not to pull the money out when it's down, and theoretically it should grow forever as you live off a portion of the earnings and reinvest the rest to keep up with or beat inflation. This works really well if you have other sources of income or savings you can tap into that are steady and do not fluctuate to ride out the months when the market is down.

--107.216.xxx.xxx




too old to be LL (by Deanna [TX]) Posted on: Jun 9, 2021 9:05 AM
Message:

If we manage it ourselves, we get the higher returns because there's fewer people to split the risk... and fewer people to split the reward.

If you're not at a point in your life where you have an inclination to deal with things yourself, have you thought about putting the funds into a REIT?

I'd be cautious about what state they invested in, with things being as they are. I'd ask my tax guy about the tax implications, as to what Uncle Sam allows me to keep. But it's the trade-off for the passivity that you might prefer, rather than being your own boots-on-the-ground and finding out about a water leak, or someone wants to do a lease-signing, but they get delayed--- right when you're trying to leave town for something. --137.118.xx.xxx




too old to be LL (by Vee [OH]) Posted on: Jun 9, 2021 2:43 PM
Message:

Most of my relatives that started with student rentals in the 30's were still trying to be active into their 90's so only you know when to stay in the rocking chair. --76.188.xxx.xxx




too old to be LL (by plenty [MO]) Posted on: Jun 9, 2021 2:49 PM
Message:

Buy. Enjoy. You'll enjoy it. --172.56.xx.xxx




too old to be LL (by Landlord ofthe Flies [TX]) Posted on: Jun 9, 2021 3:49 PM
Message:

Try buying notes. That may offer a higher return and get you into the landlording business without being a landlord. Or try finding higher dividend paying common shares of stock. They pay better than bonds right now. --108.69.xxx.xxx




too old to be LL (by GKARL [PA]) Posted on: Jun 9, 2021 11:30 PM
Message:

I got started late in the real estate game but I'm fortunate to have scaled rapidly. Considering that I'm 65, I really don't much of a choice other than being an older LL. My goal is to fully delegate the stuff that's not fun like maintenance and to use technology to deal with administrative tasks like lease signing and etc. --209.122.xx.xxx




too old to be LL (by GKARL [PA]) Posted on: Jun 9, 2021 11:34 PM
Message:

Basically, my goal is to make this as passive as possible. To do that requires that certain processes and people in place. With that in place, I can run this thing independently of myself into my old age. --209.122.xx.xxx




too old to be LL (by LindaJ [NY]) Posted on: Jun 11, 2021 1:34 PM
Message:

If you feel too old, then you probably are. If you feel you can do it, you are not too old. The things is, you may not want to be climbing on roofs or doing plumbing or heating. As long as you have people to call and the income to pay to call them, you can collect the money.

Tenants pay their housing providers to take on the repairs, upkeep and other "fixes". You don't have to do that yourself, you can hire others, the key is knowing who to call, when, and having the numbers on your contact list.

--71.164.xx.xx




too old to be LL (by Live and Learn [TN]) Posted on: Jun 12, 2021 1:49 AM
Message:

I have been landlording since age 27. I'm 50 now and just this year stopped doing the turnover cleaning and minor repair/maintenance myself. I do still handle showing/leasing/repair calls/scheduling myself, but my rentals will be my retirement income, so no plans to sell. Either my daughter will take over the management one day and I'll share the wealth or I'll hire a property management company. I do not plan to retire in this area, so that's another reason to farm it out. --75.143.xxx.xxx



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