Absentee Landlord
Categories: Real Estate, Ethics/Morals, Investing
You just don't like pink. That's the color of the twelve-dwelling unit you own. You rent each pink unit for $1,000 of green each month. You are not there, you don't knock on doors to collect rent, you don't deal with overflowed toilets or washing machines, you're not the one performing exorcisms as needed. You are absentee, or absent. Some local designee handles the day-to-day nuts and bolts in renting to the nuts and bolts who rent from you. Someday, you dream of earning enough rental income to be able to afford a new color, and you're thinking fifty shades of green.