You getting a bad tenant is not enough reason for you to be discourage from real estate business, all you have to do is to give your property to a good agent that can handle the tenant. I see no downside in real estate business.
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It is easier said than done to do away with a bad tenant. But once you experience a tenant who would quarrel with you that would be devastating to your peace of mind. You own the property and here is someone who would act like he is the owner. Some wise guys are so smart to use the law against the owner. That is why I am against the rental control law here.You getting a bad tenant is not enough reason for you to be discourage from real estate business, all you have to do is to give your property to a good agent that can handle the tenant. I see no downside in real estate business.
Real estate downside when you have a real estate property in an unusual location which there is no more patronage and sometimes most people viewed the real estate on very shallow environment which is affected by erosion which day is there will not be enough patronage for such products and when people know that erosion normally disturb such properties the property can be abandoned.I didn't actually know more about real estate management nor the benefits and disadvantages on it but I believe they are downsides to it that draws it down.
yes I agree with you most times the downside in real estate I'm mostly location what's people do not really like some kind of location of a particular building and that will affect the price and sales of that property.i would say that the only downside that i think that exists is that sometimes people might not be interested in the location of your property, which means, less chances for sales
Do all the disadvantage that I see in the real estate business is the fact that the business is not a very liquid asset kind of business being that you cannot quickly sell of your property when you need the money urgently.One thing am very sure of is that there are no business with advantages and those no have disadvantages. So if that is one of the disadvantages of real estate business then the realtor should be patience enough to understand for better still select those that will be occupied in his apartment.
assuming that you are a real estate reseller, you wouldn't be in need of urgent money as you are (rich) already because real estate is very lucrativeDo all the disadvantage that I see in the real estate business is the fact that the business is not a very liquid asset kind of business being that you cannot quickly sell of your property when you need the money urgently.
It not enough to be discouraged.Asides from the fact that you will be needing a huge capital investment to make huge profits from the real estate business, what other downsides or disadvantages are there to the business. I have seen a lot of people say that they can't deal with the tenants problem and that they have had bad experiences from managing just a few rooms not to talk of managing a whole property. But is this enough to be discouraged??