Best career for buying rental property?

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Best career for buying rental property?

Shane Brown
Rental Property Investor · Saint Albans, VT · Member since 2015 · 76 posts · 5 votes
Hey all, Kind of an opinion based question. What trade do you think is the most beneficial to owning rental property. Plumbing, electric, hvac, carpentry, something else? Thanks!
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  • Account Closed
    Property Manager · Alpharetta, GA · Member since 2018 · 163 posts · 117 votes
    8y

    Property Management. Hands down. 

    Accounting, CPA wouldn't hurt either.

    PM teaches you so much about vendors, and bids, pricing, value, budgets, tenants, etc.

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  • Shane Brown
    OP
    Rental Property Investor · Saint Albans, VT · Member since 2015 · 76 posts · 5 votes
    8y
    David K. Really? I was thinking something like electrical. Because with that you would have to pay someone licensed to make sure everything is good to go.
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  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    8y

    I think many professions have a leverage if they decide to become real estate investors

    Property management - as described by David
    Accountant - we understand Profit and loss statement, cash flow statement etc
    general contractors - they will know estimated costs required to rehab a property.

    The rule is use your profession to become a real estate investor.
    If there is a skill that you are not an expert in - pay someone who knows how to do it better.

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
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