My family moved to the United States from the Caribbean in 1985. About eight years later, my parents saved enough to purchase a two-family home in the quiet outskirts of Boston far away from our crime-ridden neighborhood. As landlords, my parents charged modest rents—enough to “help with the mortgage”—and ensured that the first-floor apartment was always well maintained for our tenants.
Three decades later, I am a landlady. I charge market rent prices to cover the mortgage, HOA fees, local property taxes, landscaping, maintenance fees, and other operating expenses. Some 44% of landlords are women. They seek financial security and to build generational wealth.
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