Real Estate Income for Retirees?

Warning signs flash in most advisors' eyes when retired clients enter their office with visions of creating extra income streams from real estate ventures.

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Comments (1)
As a trust officer, I totally agree. In fact, many retirees have been forced in this asset class as they've held on to properties over their working years and have been unable to sell them profitably in recent years. Hoow many clients have a small apartment building, once a family property for example, but rented it out after the parents passed and their siblings did not want to live there either? Or, they held on to a prior house and rented it instead of selling it? Overall, definitely professional management (with maintenance)is a must. My advice as fiduciaries, shop around every 3 years for the best rates and services.
Posted by Richard S | Saturday, August 02 2014 at 2:19PM ET
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