alternative to LLing?
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alternative to LLing? (by Hollis [MA]) Aug 3, 2022 7:57 AM
       alternative to LLing? (by Hollis [MA]) Aug 3, 2022 7:59 AM
       alternative to LLing? (by MC [PA]) Aug 3, 2022 9:17 AM
       alternative to LLing? (by LisaFL [FL]) Aug 3, 2022 9:27 AM
       alternative to LLing? (by GKARL [PA]) Aug 3, 2022 9:37 AM
       alternative to LLing? (by RB [TN]) Aug 3, 2022 9:39 AM
       alternative to LLing? (by Jim in O C [CA]) Aug 3, 2022 10:17 AM
       alternative to LLing? (by Jim in O C [CA]) Aug 3, 2022 10:18 AM
       alternative to LLing? (by MikeA [TX]) Aug 3, 2022 10:20 AM
       alternative to LLing? (by Richard [MI]) Aug 3, 2022 10:42 AM
       alternative to LLing? (by S i d [MO]) Aug 3, 2022 10:44 AM
       alternative to LLing? (by AllyM [NJ]) Aug 3, 2022 10:51 AM
       alternative to LLing? (by Allym [NJ]) Aug 3, 2022 10:52 AM
       alternative to LLing? (by BRAD 20,000 [IN]) Aug 3, 2022 2:27 PM
       alternative to LLing? (by Robert J [CA]) Aug 3, 2022 9:13 PM
       alternative to LLing? (by Ray-N-Pa [PA]) Aug 4, 2022 8:04 PM
       alternative to LLing? (by t [IN]) Aug 7, 2022 6:59 PM
       alternative to LLing? (by Lana [IN]) Aug 8, 2022 5:23 PM
       alternative to LLing? (by GKARL [PA]) Aug 8, 2022 8:33 PM

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alternative to LLing? (by Hollis [MA]) Posted on: Aug 3, 2022 7:57 AM
Message:

Thinking about getting out after 40 years of being a LL,..the world is different. people are different. Yeah there always have been liars and cheats but I think there has been more lately. Personal integrity has gone down and no matter how much you screen,..the bad people can get through. (There are books about how to screw your LL available)

Anyone check this out as an alternative?

welcome.arrivedhomes.com/?transaction_id=102f41f41f7d72238d538ab913f4b4

--66.30.xx.xxx




alternative to LLing? (by Hollis [MA]) Posted on: Aug 3, 2022 7:59 AM
Message:

Oh,..here is the Ad on Mozilla that got me interested.

. Collect Rent Checks ó Even if Youíre Not a Landlord

Owning a rental property is one of the best ways to make passive income ó especially these days. But what if you canít afford to own a home? Or maybe youíre just not crazy about being a landlord.

Luckily, a company called Arrived Homes lets you earn passive income from rental properties ó even if you donít own property.

Hereís how it works: Arrived Homes lets you invest in single-family homes around the country for as little as $100 ó or as much as $20,000. The more you invest, the more you can potentially earn.

Just choose the property youíre interested in and make your investment. Arrived Homes handles the rest. No dealing with maintenance requests. No paperwork. No stress. Then, youíll get paid your share of the rental checks every three months. --66.30.xx.xxx




alternative to LLing? (by MC [PA]) Posted on: Aug 3, 2022 9:17 AM
Message:

That is why we are getting out. Too much BS. Not saying that there should be no rules, but it is getting ridiculous what you have to accept. Steal a pair of socks from Walmart-your picture is on the news but you can not pay rent for HOW LONG??? The process to remove someone needs to go faster and be on the T if the LL wins. Literally the govt should have to garnish them, not the LL going through all the hoops.

The whole ES pet/animal is out of control-the airlines can now say NO. Those who didn't pay during C19 and still haven't should be publicly posted. --73.230.xxx.xx




alternative to LLing? (by LisaFL [FL]) Posted on: Aug 3, 2022 9:27 AM
Message:

I agree with all thoughts above. I decided a couple years ago I will no longer take the risk of dealing with unknown tenants. Once I saw how my rights were being taken away if someone decides to get a doctorís note for their pitbull which I canít require to be neutered and my insurance doesnít cover or the government telling me I must house people without compensation for months on end- that was enough for me.

As such I have contributed to removing a dozen and a half affordable rentals from the market and will continue to add to that number if/when my current tenants move.

Life is too short to deal with the entitlement mentality so prevalent in society today. Add to that the price increases of everything my money is better invested elsewhere. --75.89.xxx.xxx




alternative to LLing? (by GKARL [PA]) Posted on: Aug 3, 2022 9:37 AM
Message:

I'm not at the point of burnout but have been doing this for less time than most here. I plan on a ten year run and then selling everything at the end of that time or 1031 into better areas. --209.122.xx.xxx




alternative to LLing? (by RB [TN]) Posted on: Aug 3, 2022 9:39 AM
Message:

Welcome to the Sellers Club.

There's a season for everything.

--24.183.xxx.xxx




alternative to LLing? (by Jim in O C [CA]) Posted on: Aug 3, 2022 10:17 AM
Message:

After 51 years Iím thinking about saying bye bye. When my wife or I depart we can use the stepped up basis unless that is taken away. California has removed keeping the low tax rate so passing my houses to my kids is gone.

Iím tired of the fake service animals and ESAís. Pets have cost me over $15,000 in lost rent and damages. I have a vacancy coming up and Iíve collected 15 names and only one without a pet.

--99.23.xxx.x




alternative to LLing? (by Jim in O C [CA]) Posted on: Aug 3, 2022 10:18 AM
Message:

After 51 years Iím thinking about saying bye bye. When my wife or I depart we can use the stepped up basis unless that is taken away. California has removed keeping the low tax rate so passing my houses to my kids is gone.

Iím tired of the fake service animals and ESAís. Pets have cost me over $15,000 in lost rent and damages. I have a vacancy coming up and Iíve collected 15 names and only one without a pet.

--99.23.xxx.x




alternative to LLing? (by MikeA [TX]) Posted on: Aug 3, 2022 10:20 AM
Message:

"Answer: Returns are earned from rental income dividends and appreciation driven by changes in property values. In Q2 of 2022, Arrived investors collectively earned nearly $182,000 in dividends, with annualized yields ranging from 3.0% to 7.6%. Investors also earned $719,000 in property appreciation. Our current policy is to distribute rental payments on a quarterly basis. Learn More Here :"

A ROI of 3-7.6% I'm out. As like most of these micro investment solutions, the management fee eats up most of the profit and you as the investor get the left overs. If they only made 7.6% at best in this great year what happens when things get tight and there's not enough money to pay their management fee, do they take it out of your equity? Seems like the only one set up to do well here is the Arrived corporation. --209.205.xxx.xx




alternative to LLing? (by Richard [MI]) Posted on: Aug 3, 2022 10:42 AM
Message:

I've been moving from rentals to businiss ownership. As an example,instead of buying a place for tens of thousands, and all the stuff that goes with it, I bought a utility/scrap trailer for $2000 all-in. I can do one cleanout in a month and make more net profit on that one job than an entire month of profit on a C level house ($500 compared to $200-300). All this and no tenants to deal with or bother me. Add in yard mowing and maintenance plus tree trimming and hauling things from one place to another and it's not even close, money wise. And that's only doing one days work per month. Add in a contract helper to do the work and work several days a week and I can easy make $500-$1000 a week from a single utility trailer.

Then get a warehouse in an industrial park to drop the things they pay me to take away, have a helper sort it and then sell anything that's worth it and the rest to the dump. It's a lot less stress and makes more than a rental.

Yes, I don't get the appreciation of the rental but class C rentals don't go up that much.

As to the houses, I will just flip them until things get better for the rental market. --24.180.xx.xx




alternative to LLing? (by S i d [MO]) Posted on: Aug 3, 2022 10:44 AM
Message:

Nah, that "investment opportunity" sounds like you're just an underpaid hard money lender. No equity, no tax breaks, no control, no security....and a poor rate of return if MikeA's numbers are correct.

You know what a good rental look like, you know the market, and you know how to value property. Why not just become a hard money lender? Find some of these young go-getters who have experience and just need $$$ to flip properties. Short term loans; 1-6 months; 3-5 points up front; minimum $20K to make it worth your time. Leverage not only your money, but also the hard-learned lessons and skills that being a LL over 40 years has taught you.

A second alternative: ever consider hiring a quality Property Manager? No stress... collect your check. All you have to do is ensure they are reputable. I think it'd be worth your time to investigate before fully pulling the plug.

A third alternative: cash out your rentals and 1031 into commercial property with NNN leases. True mail box money if ever there was. Ray-n-Pay does this and could offer some words of wisdom on how to select the right kind of property and a major tenant who would be higher quality. Probably only works if you have several million to invest in a larger property.

A fourth alterative: go commercial but smaller scope. I've found great success in renting auto shops to businesses and hobbyists. Most of them are pretty squared away so you don't end up with whiney people who expect you to fix every broken light bulb. My expenses are minimal and it's a rare month when I get more than 1 call/text from someone regarding an issue, and I have 14 commercial tenants currently.

A fifth alterative: mini-storage. Those things are easy peasy to manage. We just sold our after owning for 2 years. I maybe spent 50 hours on it in 2 years? Would've stuck with it, but some Kansas City investors came down and threw money at me.... after three times "nope, that's not good enough", I finally got a price I couldn't say "no" to.

--184.4.xx.xx




alternative to LLing? (by AllyM [NJ]) Posted on: Aug 3, 2022 10:51 AM
Message:

Who gets the $$? And why would they want it if they are landlording already and there isn't enough rent to do that if people stop paying. So isn't that already in existence as another name like reit or something. I would stay far away from that. No way to get paid. --71.188.xx.xxx




alternative to LLing? (by Allym [NJ]) Posted on: Aug 3, 2022 10:52 AM
Message:

Rent garages and storage to people. Less hassle. --71.188.xx.xxx




alternative to LLing? (by BRAD 20,000 [IN]) Posted on: Aug 3, 2022 2:27 PM
Message:

Hollis,

I hear ya!

When I started we did well because I was willing to manage the problems of that time when others wanted out.

Today we just have a different set of problems to deal with. Young investors are dealing with them.

BUT I agree there is a new level of "issues".

Like you I have held properties for YEARS and will have a HUGE ENORMOUS GIGANTIC GAZILLION $$$ tax bill if I sell everything outright.

Consider this: I am looking at 1031ing a bulk group of properties into Triple net lease commercial properties. Commercial renter pays ins, taxes, and maint including the parking lot.

The ROI is not as big as LLing but the work level is simply depositing the rent and the occasional rent increase letter.

BRAD

--73.103.xxx.xxx




alternative to LLing? (by Robert J [CA]) Posted on: Aug 3, 2022 9:13 PM
Message:

Before going heavy into Rentals, during my real estate investing and afterwards, I've had many small time businesses. Most by myself and others with partners.

A partner will never work as hard as I do. And they put in sweet equity in leu of coming up with the start up finds. After a while they will start to racialize pocking extra money to cover for their extra work load.

Always have a employment contact or partnership agreement.

The only way I got ahead early in the game was to have a Product or Service that everyone could use. Market it right. Give excellent service, then you'll make a killing. --47.156.xx.xx




alternative to LLing? (by Ray-N-Pa [PA]) Posted on: Aug 4, 2022 8:04 PM
Message:

This just seems like a DST with a lower price point.

If I were in your shoes, I would be thinking NN or NNN investments.

I would probably steer away from OGM investments. They have preformed awesome before, but do you want to bet that energy is going to stay priced at the levels that they are now? --24.101.xxx.xxx




alternative to LLing? (by t [IN]) Posted on: Aug 7, 2022 6:59 PM
Message:

For those thinking of moving onto the commercial world of NN or NNN leases, here is my experience:

I started in commercial 6 yrs ago. Now I have 2 retail strips, a warehouse/storage (3 buildings, 32K sq ft... different sizes units), and an office building offering full service in a town an hour away.

My office building: took a while, but I got a team in place.. call/text, it gets fixed or taken care of. I hardly go the building. I just get billed...

Retail strip: very easy to take care of. The one I have NNN leases in place. With that said, I still have to line up the snow plow guy... the lawn guy... repair the parking lot when DG calls. Outside lights replace...All those expenses come out of the common area fees; but I still need to find someone or do it myself. Its not just sit back and collect the check.... but it is a LOT less headaches of residential. But vacancies a lot longer normally...

Biggest learning aspect: asphalt. Learn how to maintain and or replace it. Most companies don't want a 20k parking lot resurfacing; they want MILES of roads to replace. HVAC: bigger units and on roofs.. taking odd sizes of filters.

Warehouse space: love it. No toilets'. No drywall. In my area, always a need it seems. But returns are lower...

My .02... own all aspects. Just remember location, location. location....I still have 2 sfh, 50 units in multi's, farmland, office, retail, and warehouse. Office stunk during Covid. Took over 2 yrs to get this last suit rented. Fully leased now. All commercial is full. Residential, got 5 open. really slowed down this past 2 months.... one gets hot, another cools. Its a basket of "goodies"... because there is + and - to all aspects. --76.77.xxx.xxx




alternative to LLing? (by Lana [IN]) Posted on: Aug 8, 2022 5:23 PM
Message:

I retired from Medicine in 2018 and lived well off 16 paid off units. But, I live cheap. Then came the moratorium, and after that I agree the tenant pool changed into a too high a percentage of losers with attitude. Starting last December, I began to sell properties that had problems. For example my triplex was nearing a new roof and was first to freeze in winter. Also, basement walls had had too much water exposure in past and foundation work was coming. I was honest about all problems with buyer. After today, I have only 8 units and 4 of them have 7 years plus tenants in place. Houses all sold fast for above list price, so I am paying the capital gains and considering myself lucky. Figure I will know when it is time to sell the rest. --216.23.xxx.xx




alternative to LLing? (by GKARL [PA]) Posted on: Aug 8, 2022 8:33 PM
Message:

I read about someone here recently who was grossing $ 300,000 from vending machine sales. I looked into it briefly but it has its challenges as well. --209.122.xx.xxx



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