Fred Filsoof lends insight into being a landlord

FOR IMMEDIATE RELEASE
new york city, New York, United States of America (Free-Press-Release.com) September 9, 2010 -- Finding a profitable rental property usually takes time, connections and plenty of research.Finding a profitable rental property usually takes time, connections and plenty of research.

As with any other investment, an investor should have a good idea how long they plan to own a rental property before they buy it.The longer an investor plans to own the property, the more they'll probably need to invest in maintenance, repairs and improvements.

Investors also may face more investment risk with a shorter time horizon. Although ther rental will almost certainly appreciate over 20 years, it could easily lose value in the next five, particularly if the investor is buying in an overheated market. They'lll need a bigger potential annual return to make up for that risk.

For many small investors, long-term ownership makes the most sense. They'll have plenty of time to ride out any swings in the market, and rental income can make a nice supplement to their day job. Find enough rental properties, and being a landlord may become their day job.

Experienced landlords find their properties in a variety of ways. Some hunt for foreclosures, making friends with city hall clerks or bank employees who know which properties are about to be sold. Some run ads in local newspapers. Others work with real estate agents who keep their eyes peeled for possible buys.Several landlords recommended joining a local landlord or property owner's association to make contacts.

Longtime landlords say all this work pays off in profitable properties that build their net worth while providing a steady income stream.

For more info:

http://www.fredfilsoof.com
About Fred Filsoof

Mr. Filsoof also has been active in numerous civic and charitable organizations-a former regional board member of UNiCEF, Honorary chairman of NRCC Business Advisory Council, a supporter and organizer for Red Cross blood drive, an active supporter of Atlanta Ballet. Mr. Filsoof was appointed to the planning Board of Professional Children's School of new York City during May 2010. He will be directing the school's efforts in fund raising,grants and corporate sponsorship for school related growths and scholarship. In May 2010 Mr. Filsoof was appointed to the executive Board of Yangtze Repertory Theater Of America in NYC. The organization has received the highest national and international recognition. Mr. Filsoof's company has been distinguished by Highest Industry awards and Honors. He has been a frequent guest speaker at real estate symposiums and meetings throughout the area and he has been a consecutive member on "THE LIST" of Atlanta's Top Commercial Developers.

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