REIT vs Owning your rental units
A couple of years ago I felt that my asset allocation needed a change so I added Vanguard REIT as a diversifier. It is part of my Roth IRA so I'm contributing to it each year as it grows.*
Should I be invested instead in a actual local rental investment (house, small apt or storefront place) or should I stay with my REIT? I have the impression that owning rental property requires a lot of hands on attention (broken water pipe, roof repair, collecting rent, chasing out poor tenents etc.) I really do not want to mess with all of that.
Am I missing an investment opportunity when I am investing in REIT rather than a physical property that I can see, touch, etc?
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