PiRho3141

My philosophy of being a landlord is not to bank on appreciation, but rather find houses where the mortgage is well below what tenants are paying for. How do you find those kinds of houses? You buy dilapidated houses, renovate them and then rent them out. If you don't want to go through that work, there are middlemen called "turnkey providers" that renovate houses and then sell them to investors for a profit.

From there, you can decide whether to manage the property yourself (less passive) or hire a property manager (more passive). If you hire a property manager, they do all of the busy work associated with owning a house like finding tenants, collecting rent, evicting tenants. They do not get paid unless there is a tenant on the property so it's in their best interest to find you a good tenant.

The thing I like most about rental properties is four fold: 1) Positive cash flow (rent minus all operating costs) 2) Depreciation (in the US, you can depreciate the cost of the house--not land--over 27.5 years which usually makes the cash flow stated above tax free) 3) Principal payments (part of the mortgage the tenant pays goes into the principal of the property--usually around 30% of the first payment goes to principal if you put down 20% and it only goes up from there) 4) Appreciation (the house & land usually appreciates at pace with inflation)

Uber should be partially at fault since they deactivated the automatic emergency braking.

Yes, I agree when vehicles become fully autonomous, people will be less attuned to the environment, but in this case, the person was hired specifically to pay attention at all times.