Easing Your Way Into Landlording

My philosophy has always been that the best way to get started renting out properties was to first buy your own home, and then start buying rental properties. Cathy and Larry Passmore got started in the business through a completely different path. They managed apartment complexes, lived rent free, got outside jobs, and bought fixer-upper rental properties on the side.

For the Passmore’s, managing apartments was the best approach because 1) it let them get experience managing before they actually managed their own properties, and 2) it enabled them to determine whether or not they liked the work before they made any financial commitments.

Follow the link to read the full story of the Passmore’s approach in a Mother Earth News story from 1977, September/October issue.

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