What do you guys think about investing in apartments?
I don't want to actually spend time in dealing with people.. But I know some companies can take care of everything for a small commission (finding renters, taking care of the apartment, buying it and selling it, etc). I know many are shitty and/or scammers, but the concept sounds good.
I could be interested in investing in such way maybe in small cities in Germany (I am a resident, so I can maybe get a mortgage for very low interest?) Or Ukraine, or whatever.
Did anyone ever do this and get useful return? Any companies that help?
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Management of tenants can then be done by specialized companies/Hausverwaltern. Again lots of bad apples here. But you could also look at larger apartment complexes where apartment owners pool together and pay a very small monthly fee for having their properties centrally managed. This can also protect you (up to a certain limit) from vacancies as the 1-2 months of rent you might be missing when someone moves out will be covered by the pool of owners. Again the management company needs to be good and the property in a good location for this to work well.
Also stay away from crowdfunding real estate websites that are popping up all over the place. You are not actually investing in the property itself but in some kind of a mortgage financial construction - meaning that in case of the project failing you will be paid out last after all of the banks/other creditors have been paid. Also it is impossible to evaluate those investments by just looking at the official docs from the builder that are most of the time published just a few hours before the investment window closes.
In terms of the type of real estate you might be investing, before the pandemic small apartments where great as they were not as expensive to buy as maybe 3 bedroom apartments and you could rent them for higher prices/sqm to students (with their parents guaranteeing rents) or even better to professionals with furniture included. Not sure though what the future holds going forward.
Best bet is to invest via a REIT.