{"id":138106,"date":"2021-05-27T13:30:00","date_gmt":"2021-05-27T19:30:00","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=138106"},"modified":"2023-03-29T02:11:30","modified_gmt":"2023-03-29T08:11:30","slug":"real-estate-investments-retirement","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/real-estate-investments-retirement","title":{"rendered":"Real Estate as a Retirement Strategy? Consider This First"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC7854743720&#038;light=false\" width=\"100%\"><\/iframe>  \n\n\n\n\n<p>Looking forward to retirement?<\/p>\n\n\n\n<p>The sun. Sleeping in. Playing golf. Catching up on your favorite TV series (and seven others). Visiting grandkids.<\/p>\n\n\n\n<p>It sounds so idyllic.<\/p>\n\n\n\n<p>So why would you ruin it by investing in real estate?<\/p>\n\n\n\n<p>Many of you have come to BiggerPockets because you\u2019ve heard about the joys of passive income generation. Some of you read Robert Kiyosaki. Or you may be an HGTV aficionado.<\/p>\n\n\n\n<p>You see the merit in replacing your income. You see the dangers of relying on Social Security. And you want to really enjoy your retirement rather than pinch pennies through the sunset decades of your life.<\/p>\n\n\n\n<p>Who told you investing in real estate was passive?<\/p>\n\n\n\n<p>I\u2019m here today to tell you the truth and potentially save some of you from years of frustration, pain, and loss.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">My experience<\/h2>\n\n\n\n<p>I sort of tried to retire once. I was only about 34, and had no business thinking of that word. I had sold my company and moved to the mountains to raise our kids.<\/p>\n\n\n\n<p>After two years of boredom and angst, my buddy and I tried our hand at flipping houses. It worked. Then we began building modular homes. Then stick-built. We flipped waterfront lots, did a small subdivision, and I even made the disastrous mistake of investing in mobile homes for rent (don\u2019t try that one at home, but do consider mobile home parks).<\/p>\n\n\n\n<p>I played a half-dozen other roles in the real estate realm before I found my groove. I can confidently state that most real estate activities are anything but passive.<\/p>\n\n\n\n<p>This article was birthed out of my own experience, but also from over a hundred conversations with real estate investors who discovered this the hard way.<\/p>\n\n\n\n<p>Like the oral surgeon who called me from the Pacific Northwest. He was telling me about his retirement plan, which was based on acquiring 20 rental homes to replace his income.<\/p>\n\n\n\n<p>He sounded enthusiastic at first, but then he sounded depressed. He sighed and told me about negotiating with painters between surgeries and showing tenants property in the evenings. Then he admitted, \u201cAnd I\u2019m only on house number three!\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Tenant problems happen<\/h2>\n\n\n\n<p>Landlords have a funny way of one-upping each other at parties. \u201cYeah, that\u2019s pretty bad. But wait till you hear what <em>my<\/em> tenant did!\u201d<\/p>\n\n\n\n<p>BiggerPockets contributor Kevin Perk had a great career as a city and regional planner near Memphis. He retired from that career to pursue real estate full-time in 2003. That\u2019s when his problems started. You can learn about a handful of his trials and tribulations <a href=\"https:\/\/www.biggerpockets.com\/blog\/true-tenant-nightmare-stories\" target=\"_blank\">here<\/a>.<\/p>\n\n\n\n<p>Kevin will tell you about the renter who burned down his triplex with the cigarette he thought was out, or the lady who used her rental for target practice (it was only a pistol).<\/p>\n\n\n\n<p>There are stories about the guy who bought a cool stereo with his rent money, the 24-hour obscenity-screaming tenants (with $20,000 in damages in eight months), and the trailer full of non-paying tenants permanently parked in the rental unit driveway.<\/p>\n\n\n\n<p>Did you hear Brandon Turner\u2019s nightmare toilet overflow story? He summarizes it <a href=\"https:\/\/www.biggerpockets.com\/forums\/52\/topics\/79978-whats-your-tenant-horror-story\" target=\"_blank\">here<\/a>, but I\u2019ve heard his much gorier version. It could cost you your lunch. It led him to outsource everything. And it seems to be part of his equation to eventually move away from residential toward the commercial real estate realm (mobile home parks).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Being a landlord is work<\/h2>\n\n\n\n<p>You might be able to pull off real estate investing with a crew of great tenants. But you can\u2019t count on that if you\u2019re counting on a serene retirement. And even with the best tenants, maintaining your units is still your job.<\/p>\n\n\n\n<p>What will you do if you\u2019re in the Bahamas and the police need you down at the station within the hour? It\u2019s happened.<\/p>\n\n\n\n<p>What do you do when you get the call informing you, \u201cYour rental house is a crack house\u201d from 2,000 miles away? That happened to my friend Brian Hamrick.<\/p>\n\n\n\n<p>Or what about the call that informs you that your tenant of eight years moved out and subleased to a different tenant without your knowledge or permission? That happened to me. We hauled the $50,000 mobile home off to the dump a month later.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">So what\u2019s the solution?<\/h2>\n\n\n\n<p>I don\u2019t have a one-size-fits-all solution. But I can assure you that you won\u2019t have a hassle-free life if you want to directly oversee most real estate assets.<\/p>\n\n\n\n<p>Many owner-investors have succeeded by hiring a great property management firm. This doesn\u2019t guarantee a life of ease, but it sure can help.<\/p>\n\n\n\n<p>Other investors put up the capital and partner with an active operator to do the heavy lifting. If you\u2019re fortunate enough to be in this position, please go to great lengths to ensure you choose the right partner to protect your hard-won capital.<\/p>\n\n\n\n<p>Some investors give up on real estate and throw their funds at Wall Street\u2019s casinos. They lose many tax benefits and gain a life jerked up and down by wars in the Middle East, fickle investor sentiments, and CEO scandals. But they don\u2019t have to deal with toilets, tenants, and trash. This would not be my choice, but to each their own.<\/p>\n\n\n\n<p>Personally, I\u2019ve decided to invest passively in commercial real estate syndications. I love the income streams, wealth-building, and tax advantages of real estate. But I\u2019ve permanently sworn off the hassles and potential nightmares of active asset and property management.<\/p>\n\n\n\n<p>I invest with professionals who are obsessed with choosing the right asset class, acquiring the right assets, and fine-tuning them to increase income and maximize value.<\/p>\n\n\n\n<p>These professionals are active so I can be passive. It\u2019s a beautiful thing!<\/p>\n\n\n\n  <div id=\"posts_lists-block_60a4127dead11\" class=\"  my-10\">\n    <div class=\"\">\n      <!-- Column One -->\n      <div>\n                  \n        \n        \n        <div class=\"grid grid-cols-1 gap-y-4 lg:gap-y-7 mt-5\">\n          \n<article \n\tid=\"post-121881\" \n\tclass=\"content-card mb-0 flex flex-col  post-121881 post type-post status-publish format-standard has-post-thumbnail hentry category-landlording\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/property-managers-pros-cons\" target=\"\" aria-hidden=\"true\" tabindex=\"-1\" target=\"_blank\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"338\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/08\/rental-property-main.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"The Pros &#038; Cons of Hiring a Property Manager\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/08\/rental-property-main.jpg 830w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/08\/rental-property-main-300x200.jpg 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/08\/rental-property-main-768x511.jpg 768w\" sizes=\"auto, (max-width: 338px) 100vw, 338px\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/managing-scaling\/landlording\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Landlording &amp; Property Management<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">7 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/201209.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2020-09-01T05:00:37-06:00\">Sep 01, 2020<\/time><time class=\"updated\" datetime=\"2024-06-11T20:37:10-06:00\">Jun 11, 2024<\/time><\/span><\/span>&nbsp;<a href='https:\/\/www.biggerpockets.com\/blog\/contributors\/jessefragale' class='no-underline line-clamp-1' target=\"_blank\">Jesse Fragale<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/property-managers-pros-cons\" rel=\"bookmark\"  \n\t\t\t\t\tclass=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tThe Pros &#038; Cons of Hiring a Property Manager\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">Let\u2019s talk about property managers. My God, these are some of the hardest working, most under-appreciated people in our industry.\u00a0Here are some of the pros and cons of hiring a&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"121881\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-121881 -->\n<article \n\tid=\"post-90363\" \n\tclass=\"content-card mb-0 flex flex-col  post-90363 post type-post status-publish format-standard has-post-thumbnail hentry category-landlording category-biggerpockets-daily\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/how-much-do-property-managers-charge\" target=\"\" aria-hidden=\"true\" tabindex=\"-1\" target=\"_blank\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"338\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/06\/landlord-tenants-main.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"How Much Do Property Managers Charge? (Understanding Their Fee Structure)\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/06\/landlord-tenants-main.jpg 830w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/06\/landlord-tenants-main-300x200.jpg 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/06\/landlord-tenants-main-768x512.jpg 768w\" sizes=\"auto, (max-width: 338px) 100vw, 338px\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/managing-scaling\/landlording\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Landlording &amp; Property Management<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">4 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/40f2b8973f072410a8f0ab6535c8d7580b44e645862b9df46384d0c142523448?s=150&#038;d=mp&#038;r=g\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2020-07-15T10:00:09-06:00\">Jul 15, 2020<\/time><time class=\"updated\" datetime=\"2024-06-03T05:39:45-06:00\">Jun 03, 2024<\/time><\/span><\/span>&nbsp;<a href='https:\/\/www.biggerpockets.com\/blog\/contributors\/chris-bibey' class='no-underline line-clamp-1' target=\"_blank\">Chris Bibey<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/how-much-do-property-managers-charge\" rel=\"bookmark\"  \n\t\t\t\t\tclass=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tHow Much Do Property Managers Charge? (Understanding Their Fee Structure)\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">Property managers make life easier for real estate investors, but is it worth the extra cost?<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"90363\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-90363 -->\n<article \n\tid=\"post-81904\" \n\tclass=\"content-card mb-0 flex flex-col  post-81904 post type-post status-publish format-standard has-post-thumbnail hentry category-biggerpockets-daily category-landlording tag-landlord-seo tag-seo-optimization\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/property-manager-tasks\" target=\"\" aria-hidden=\"true\" tabindex=\"-1\" target=\"_blank\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"332\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/06\/property-manager-tasks-560x380.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"What Does a Property Manager Do? Here&#8217;s the Job Description\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/biggerpockets-daily\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">BiggerPockets Daily<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">6 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/1672.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2020-03-04T11:35:36-07:00\">Mar 04, 2020<\/time><time class=\"updated\" datetime=\"2023-03-20T15:17:03-06:00\">Mar 20, 2023<\/time><\/span><\/span>&nbsp;<a href='https:\/\/www.biggerpockets.com\/blog\/contributors\/engelorumora' class='no-underline line-clamp-1' target=\"_blank\">Engelo Rumora<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/property-manager-tasks\" rel=\"bookmark\"  \n\t\t\t\t\tclass=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tWhat Does a Property Manager Do? Here&#8217;s the Job Description\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">Are you stuck working IN your business rather than ON it? Then maybe it&#8217;s time to explore what a good property manager could do for you.<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"81904\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-81904 -->\n<article \n\tid=\"post-110520\" \n\tclass=\"content-card mb-0 flex flex-col  post-110520 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate-investing-for-beginners\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/pros-cons-property-management-company\" target=\"\" aria-hidden=\"true\" tabindex=\"-1\" target=\"_blank\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"340\" height=\"163\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/07\/apartment.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"The Pros and Cons of Starting a Property Management Company\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/07\/apartment.jpg 702w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/07\/apartment-300x144.jpg 300w\" sizes=\"auto, (max-width: 340px) 100vw, 340px\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/real-estate-investing-for-beginners\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Investing For Beginners<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">5 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/1672.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2019-05-05T11:00:04-06:00\">May 05, 2019<\/time><time class=\"updated\" datetime=\"2021-03-16T14:53:45-06:00\">Mar 16, 2021<\/time><\/span><\/span>&nbsp;<a href='https:\/\/www.biggerpockets.com\/blog\/contributors\/engelorumora' class='no-underline line-clamp-1' target=\"_blank\">Engelo Rumora<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/pros-cons-property-management-company\" rel=\"bookmark\"  \n\t\t\t\t\tclass=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tThe Pros and Cons of Starting a Property Management Company\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">So you&#8217;re interested in property management. I&#8217;m not sure why\u2014it&#8217;s a thankless job. But for those who want to start a property management company, I have some insight as a&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"110520\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-110520 -->        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  ","protected":false},"excerpt":{"rendered":"<p>Looking for an easy retirement? Most real estate activities are anything but passive. There is no end to the potential pains, problems, losses, and liabilities that landlords experience on a regular basis.<\/p>\n","protected":false},"author":214608,"featured_media":138132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7119,5182],"tags":[7225,2526,487],"class_list":["post-138106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-daily","category-personal-finance","tag-money-comm","tag-personal-finance","tag-retirement"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/138106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/214608"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=138106"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/138106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/138132"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=138106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=138106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=138106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}