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Distressed Properties
Investor's Survival GuideVeteran real estate investors provide tips for avoiding property management pitfalls.

BY ELYSE UMLAUF-GARNEAU

There's no question that owning residential investment property is rife with daily challenges-from things as mundane as clogged plumbing to having criminals as tenants. But savvy real estate professionals who are long-time investors know that the occasional challenges of being a landlord is well worth the trade-off of having a stable investment. Many say they have learned to manage the most frequent problems, such as anxiety, vacancies, bad tenants, and emergencies. They offer their hard-earned knowledge on how to avoid the most common pitfalls of being a landlord.

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