Celebrating 20 years of rentals.

[Rob Howard]

Over the past two decades I’ve expanded and contracted the numbers of LTR and STR I’ve kept in my portfolio, but I recently looked at a house I need to renovate a bit and realized that I bought it this week in 2005. That house - in the North Hills neighborhood of Knoxville, had been the object of countless calls, texts, emails and letters from many trying to “help me offload it.” I bought the house as a HUD foreclosure - $50,500. Today the annual rent return is roughly 1/2 what I paid for it. It doesn’t matter what you pay (within reason) - time on task and the power of compounding are the amazing gifts of home ownership!