High Yield Landlord is the largest online community of REIT investors, with over 100,000 followers of our free research and more than 2,000 subscribers to our paid newsletter. We occasionally post some free research, but if you are ready to take your REIT investing to the next level, you can sign up for a 2-week free trial of our paid newsletter and gain immediate access to my entire REIT portfolio, real-time trade alerts, exclusive REIT CEO interviews, and much more:
Please note that High Yield Landlord recently migrated from the platform “Seeking Alpha” to “Substack.” As a result, some links in old articles may redirect you to the Seeking Alpha website. However, you can find the same articles by using the search bar on Substack and searching for the article title. The newsletter is the same, but we offer a 20% lower membership rate on Substack because they take a smaller cut the revenue than Seeking Alpha. If you encounter any issues, please let me know.
Below we share more details about High Yield Landlord:
The Biggest Opportunity of 2024 Awaits You
Imagine being able to invest in top-quality real estate at an unbeatable price of just 50 cents on the dollar. It sounds too good to be true, right? But what if I told you that this incredible deal also comes with passive income, liquidity, diversification, limited liability, and highly efficient management? That's exactly what the REIT market is offering today.
REIT share prices have crashed and they are now priced at steep discounts relative to the fair value of the real estate they own.
The last two times they were so cheap were following the Great Financial Crisis and the pandemic. Both times, savvy investors made fortunes in the aftermath as REITs nearly tripled in less than two years following the Great Financial Crisis and more than doubled in just over a year following the pandemic:
Today, the market conditions are reminiscent of 2008, with REITs heavily discounted and offering the potential for substantial returns in the years ahead:
The opportunity is so big that even the most sophisticated private equity players like Blackstone and Starwood are loading up on them. They have bought tens of billions of dollars worth of REITs over the past year:
"The best opportunities today are clearly in the public markets on the screen and that's where we're spending a lot of time." Jonathan Gray, President/COO, Blackstone Q2 2022 Earnings Call
"By the way, when credit comes back, you are gonna see REITs take off... There are some unbelievable bargains in REITs. We did the same thing during the pandemic. We bought a dozen stocks all over the world and we had a 70% IRR on that stuff. We are already buying some stuff in the public market..." Barry Sternlicht, CEO/Chairman, Starwood Q3 2023 CNBC Interview
"If you are looking for distressed real estate, the best place is in the public market. If you want to own single family for rent, warehouses, senior housing... you can get it on sale in the public market. We had two large M&A transactions about 3 weeks ago in the REIT space. Huge premiums to where the stocks were trading and I think that this is going to continue." Jonathan Litt, Founder/CIO, Land & Buildings Q3 2023 CNBC Interview
“If only,” you might say, “there was an easy way to efficiently buy only the best and most opportunistic REITs, picked by experienced professionals who handle the time-consuming business of in-depth research and analysis.” Well, read on. That is exactly what we are here for.
High Yield Landlord is the largest and best-rated community of REIT investors with 2,000+ paying members on board and a 4.9/5 rating from 500+ reviews. We spend 1000s of hours and over $100,000 per year researching the market for the most profitable investment opportunities and share the results with you at a tiny fraction of the cost. This is a comprehensive service, ranked #1 in real estate, targeting high-yielding securities trading at attractive valuations - with an overall target yield of 8%.
You could invest in a REIT ETF and be done with it, but you would potentially leave a lot of money on the table. As discussed in our REIT investing course, ETFs suffer many flaws. They are heavily exposed to overpriced large-cap REITs. They invest in a lot of poorly managed REITs with conflicting interests. And they blindly invest in challenged sectors like retail, office, and hotels.
At High Yield Landlord, we aim to do better by being very selective. From over 250 analyzed opportunities, we have cherry-picked the best opportunities to generate higher income and total returns in the long run:
Our unique strategy for achieving long-term outperformance and high-income generation involves several factors:
Overweight Small-Cap REITs: Smaller and lesser-known REITs trade today at 30% to 50% discounts to larger and better-known peers. This massive discount gives us a head start as we earn more cash flow and dividends for every dollar invested.
Focus on Specialty Sectors: Rather than blindly invest in retail, office, and hotel properties, we are more strategic and invest the bulk of our real estate portfolio into properties with more resilient fundamentals. This includes apartment communities, manufactured housing, e-commerce warehouses, and even farmland.
Avoid Bad Apples: We recognize that "not all REITs are created equal." We skip the bad apples that cannot be trusted due to poor track records and significant conflicts of interest.
Buy Below Net Asset Value: We avoid REITs that are overvalued by paying close attention to their net asset value. We always look for a good deal and attempt to buy real estate at a deep discount to its fair value.
Real Asset Diversification: We do not exclusively invest in REITs. We also look for opportunities in other real estate companies with business models similar to those of REITs. This includes MLPs, Utilities, Airports, and other listed infrastructure companies.
High Yield Now: Finally, we recognize that real estate is an income-driven investment first. We are NOT happy with a 2-3% dividend yield and target a sustainable 6-8% dividend yield to generate high income while we wait for appreciation.
We like to call this the “Landlord” approach to REIT investing because we buy REITs as if we were buying rental properties. We look for high and sustainable income and always try to get a good deal. Money is made at the time of the purchase by buying below fair value. We then patiently hold these undervalued REITs, earn high income, and wait for long-term appreciation.
This approach has served me well. So well in fact that I eventually decided to end my career in private equity real estate to dedicate my full attention to REIT investing. In late 2018, I launched the Core Portfolio of High Yield Landlord and since then, it has generated a 90.73% return even despite the bear market that began in 2022. In comparison, our sector benchmarks earned a 28.64% - 58.28% return over the same ~6-year time period:
In other words, my value approach to real estate investing generated 1.5x greater total returns for this account. Eventually, I launched High Yield Landlord to help investors:
(1) Identify the most profitable real estate opportunities.
(2) Earn a ~6-8% dividend yield along with long-term appreciation.
(3) Minimize investing fees and other frictional investing costs.
To my surprise, we grew to become the largest community of real estate investors on Seeking Alpha with 2,000+ members on board. Past results are no guarantee of future performance, but our members have been very happy with our strategy. In fact, we are currently the best-rated REIT service on Seeking Alpha with a 4.9/5 rating from over 500 reviews:
We are excited to now also launch our service on Substack and welcome you onboard our investment community.
Below we summarize what is included in your membership:
With Your Membership, You Get:
ACCESS TO THREE REAL ESTATE PORTFOLIOS:
Core Portfolio (Our Main Portfolio): The goal of the Core Portfolio is to maximize total returns and earn a >10% cash flow yield by hand-picking undervalued real estate investments. This real-money portfolio is worth ~$500,000 and HYL members have exclusive access to real-time alerts on all the latest transactions (BUY/SELL) for easy portfolio emulation. We show everything from where we invest, in what quantity, what weighting, when we sell, where we reinvest incoming dividends, which options we buy/sell, and so on. Jussi Askola has a significant portion of his net worth invested in this portfolio and everything is made transparent to members.
Retirement Portfolio (Our Secondary Portfolio): The goal of the Retirement Portfolio is to maximize safe income and earn a sustainable 6-8% yield. This real-money portfolio is worth ~$250,000 and it invests mostly in undervalued blue-chip REITs and preferred shares that are backed by real estate. It is better suited for more conservative investors looking for recession-proof income.
International Portfolio (Our Optional Portfolio): The goal of the International Portfolio is to provide diversification benefits to boost risk-adjusted returns. It is currently worth ~$250,000 and allows you to invest in Canadian, European, Asian, African, and Latin American properties with strong upside potential from the comfort of your own home.
ADDITIONAL EXCLUSIVE FEATURES:
Course to REIT Investing: The HYL Course to REIT Investing is a series of 10 modules that will equip you with all the right information to become a better investor. The course is worth the membership fee on its own and we make it available to all our members for free.
REIT Market Intelligence: This exclusive tool includes a list of all REITs grouped by property sector with all the information that you need to make better decisions: NAV estimate, FFO estimate, FFO growth, FFO multiple, Payout ratio, Credit rating, Dividend yield, and much more.
CEO Interviews: We regularly conduct exclusive interviews with REIT management teams to gain an edge over the market. We have already shared interviews with VICI, EPRT, O, WPC, SRC, UMH,... and we are currently working on SKT, SPG, and many more.
Timely BUY & SELL Alerts: We send email alerts each time we make a change to our portfolio so that members can stay up-to-date in managing their investments. Each alert comes with in-depth research and explanations as to why we may buy or sell something.
Frequent Market Updates: We publish regular macro analyses of the markets to keep you up-to-date on the overall economic climate and context that drives our investing strategy. This is a must-have analysis to support your portfolio as we enter more volatile periods.
24/7 Live Chat: Our live chat room is where the HYL community comes together to share market news, and investment ideas, and help new members get started. Members can post questions and get prompt and detailed answers from other passionate real estate investors, me, and our team.
NEW FEATURE - Free Portfolio Tracker designed specifically for members of High Yield Landlord to help you track all your investments in a single place in a simple format.
What are the Differences Between "High Yield Landlord" and our Free Articles?
High Yield Landlord allows you to follow our entire real estate investment approach with a strong focus on concise, actionable, and real-time information.
Our free articles are more "general" in nature and do not allow you to emulate our portfolio strategy. The most valuable features of the service (Portfolio, Trade Alerts, Market Updates, CEO Interviews, Tracking, and Chat) are exclusive to members only.
Five Authors For the Price of One
High Yield Landlord is run by investors with "real-life" experience in real estate investing; rather than self-proclaimed experts:
Jussi Askola, CFA is a former private equity real estate investor with experience working for an $800 million investment firm in Dallas, Texas; and acquiring properties in Germany and Estonia. Today, he is the President of Leonberg Capital, a boutique investment firm that specializes in real estate securities. In addition to having passed all CFA exams, Jussi holds a BSc in Real Estate Finance from the University of Nürtingen (Germany) and a BSc in Construction and Property Management from the University of South Wales (UK.). He has authored award-winning academic papers on REIT investing, been featured on numerous financial media outlets, has over 60,000 followers on SeekingAlpha, and has built relationships with top REIT executives.
Austin Rogers is a licensed Texas real estate agent and he splits his time between a residential management company with over 1,000 units under management, a family office with 50 net leased CRE properties, and, of course, REIT research for High Yield Landlord. He began writing for the site a few years after graduating from Western State Colorado University with an M.F.A. in Creative Writing, combining his passion for writing with his real estate career.
R. Paul Drake is an award-winning physicist and a former professor at the University of Michigan who brings a retiree perspective to our group of authors. After investing via employer tax-deferred plans for several decades, he has in recent years broadened into a variety of more focused investments. Paul is a life-long reader of works on economics, finance, and investment. This has led him to embrace the value-investing approach we follow at High Yield Landlord. He brings substantial experience in research, and in understanding and developing models of uncertain systems, from his decades working as a physicist. Among other degrees, he holds a Doctorate in physics and a Bachelor's in philosophy.
David Ksir is a former private equity investor with experience working for Penta Real Estate, which is one of the biggest real estate investment firms in Poland, the Czech Republic, and Slovakia. He brings a private equity approach to REIT investing and focuses mainly on the coverage of European real estate investment opportunities. He holds a Bachelor's in Economics and Finance from McGill University.
Samuel Smith is Vice President at Leonberg Capital and leads our non-real estate high yield research at our sister service High Yield Investor. Samuel holds a B.S. in Civil Engineering and Mathematics from the United States Military Academy at West Point, a Masters in Engineering from Texas A&M, and is a licensed Professional Engineer. His background includes work in real estate land development and working as a lead analyst for several income-focused investment research businesses.
Our most senior analysts rank among the very best with exceptionally high hit rates and returns on our ~300 past recommendations according to independent rating service TipRanks. We invest a significant portion of our net worth into the ideas presented at “High Yield Landlord”.
How Do I Know It is Good?
First of all, I have about 50% of my net worth invested in the REITs presented at High Yield Landlord. This means that we are in the same boat. When you win, I win, and when you lose, I lose. I am strongly incentivized to do my best because my net worth depends on it.
Secondly, based on member reviews, we are the #1 rated service on Seeking Alpha with a 4.9/5 rating from 500+ reviews. We achieved that by providing our members with far more value than what they paid for. We spend 1000s of hours and over $100,000 per year researching the market for the most profitable investment opportunities and share the results with you at a tiny fraction of the cost. Time is money! If you value your time at $30 per hour; for the equivalent of just one hour of work; you could gain access to a full month of research from 5 analysts at High Yield Landlord. You cannot beat that on your own.
You can read all our reviews by scrolling down, but here are a few recent ones:
You can check out the 500+ reviews below to see that these are not exceptions.
Ready to get started? Join Us For A 2-Week Free Trial
We are currently sharing all our Top Picks with members of High Yield Landlord, and you can get access to them for free with our 2-week free trial! We are so confident in what we offer that we allow you to join us and decide within your free trial whether this service is something for you or not.
You have everything to gain and nothing to lose. You won't be charged a penny if you cancel during your free trial. If you are still not convinced, please scroll down and have a look at what our members have to say about "High Yield Landlord".
Sincerely,
Jussi Askola
*Past performance is no guarantee of future results. The data is provided by Interactive Brokers. Time periods: 10/23/2018 - 28/12/2023. Our portfolio may not be perfectly comparable to the relevant index. It is more concentrated and may at times use margin and/or invest in companies that are not typically included in REIT indexes. High Yield Landlord® does not take account of your objectives or financial situation and does not offer any personalized investment advice. High Yield Landlord is not a licensed securities dealer, broker, US investment adviser, or investment bank.
All Reviews (559): 4.9/5.0 ⭐⭐⭐⭐⭐
⭐⭐⭐⭐⭐ If You Want Successful REIT Investments, Follow This Guy!!! • jimpy • Sep. 26, 2024 10:53 AM
Highly recommend!! I'd been reading some of Jussi's articles on S.A. and knew very little about REITs, so I signed up for his advisory service and am very glad I did so. Now 50% of my portfolio is REITs and soaring upward! I have learned so much!! Jussi is forthright, spends time/travel/$$ doing the research, writes in simple & understandable language, is mostly correct in choices & forecasts, and also readily admit when some choice was an"oops" and goes on to explain why it did not work out. I find the HYL service valuable, user-friendly, good accuracy, and worth the fee. Jussi also lets us know when he feels something has reached full value. Finally, Jussi does good humanitarian work in Ukraine...thank you Jussi!! I recommend the HYL services for whoever wishes to develop a stable portfolio filled with REITs! - Jim
⭐⭐⭐⭐⭐ HYL best tool for REIT investing • dividendmarket • Sep. 26, 2024 10:36 AM
I have learned a lot from HYL. What is the best REITs, where to invest and not to buy bad REITs. All HYL recommended investments are UP (ADC, EPR, ARE, Vici, WPC etc). Nr1 investing group here in SA
⭐⭐⭐⭐⭐ Excellent Service • Jambr403 • Sep. 23, 2024 1:20 PM
HYL is a great service that does all the REIT heavy lifting for you. Have had very good success and found many REITs that were completely off my radar before.
⭐⭐⭐⭐⭐ Great insights and advice • TheTomppeli • Sep. 23, 2024 8:51 AM
I got curious about REITS a few years back, and have been following Jussi for a little while now. Finally subscribed to the HYL group and am very happy with the service. Great insights and advice that have already helped me with my portfolios.
⭐⭐⭐⭐⭐ Solid tool for REIT investors • User 52256083 • Sep. 22, 2024 1:12 AM
Very pleased with my subscription to HYL. Excellent information, solid research, shared portfolio with real time trade updates, along with reasoning behind each. This is such a bargain for what you get, very happy to have found it.
⭐⭐⭐⭐⭐ Great investment group • robertRS • Sep. 21, 2024 3:17 PM
I recommend HYL to everyone, especially the people who don't have enough time to do proper research (like me). The investment theses are well justified not only on their own, but I consider also the weight of the investments within the portfolio(s) in reasonable proportion. However, the investment ratio of each individual investment must be decided by everyone based on their relationship to risk and investment horizon.
⭐⭐⭐⭐⭐ Good deep dive & structure • Oliver Duschek • Sep. 21, 2024 11:57 AM
I really like the structure of the model portfolio and it's a great help for my REIT selection. So far it paid off pretty well for me.
⭐⭐⭐⭐⭐ Great investment group • igargari • Sep. 21, 2024 10:48 AM
Been here for two years. I am happy with the returns thus far.. I always wanted to own property, but after so many of my friends had mismanged properties either from themselves or property managers. I decided to go against it. This is the next best thing to build your wealth while doing no research.
⭐⭐⭐⭐⭐ Great value and proper understanding of business and investing • BiggMike • Sep. 21, 2024 7:05 AM
I'm a subscriber for some time already and really appreciate Jussi's insights on REITs. I save a lot of time and made a lot of good investments thank to his research (couple of bad ones, too, but this is part of the game - all in all this has been a tremendous value add to my portfolio mgmt). plan on staying subscribed for the long term and looking forward to more insights. cheers
⭐⭐⭐⭐⭐ #1 for a reason • QuadCasa • Sep. 21, 2024 1:21 AM
I've tried 10 different investing groups since I started using Seeking Alpha a couple years ago. This is the first investor group where I really feel like I've gotten my money's worth, and then some. Jussi and his team are forthright, honest, and their investment theses are always thoughtful and well researched. I'll be a subscriber for the foreseeable future. Thanks guys!
⭐⭐⭐⭐⭐ Satisfied subscriber • jeremyaa • Sep. 20, 2024 11:56 PM
I have been very satisfied with HYL since I signed up a few months ago. Beyond the great performance, I have appreciated the depth and clarity of the analysis, Jussi’s responsiveness and candor, and the coherent philosophy behind the investment approach.
⭐⭐⭐⭐⭐ Glad I Subscribed to HYL! • Will2 • Sep. 20, 2024 9:46 PM
I have used the HYL service for the last couple of years and seen high returns from most of the HYL recommendations that I incorporated in my portfolio. They provide in depth analysis on REITs, have an easy to understand system for building an REIT portfolio and have always answered my questions and addressed my concerns. Also, Jussi encourages his team to express their own views and opinions even if these contradict his own, allowing the investors to use these varied viewpoints in their own investment decisions. Good work guys!
⭐⭐⭐⭐⭐ Excellent service • Pjtoppin • Sep. 20, 2024 6:11 PM
I have been investing for the last 4 years. So far High Yield Landlord has been the best service that I have subscribed to. There have been very few bad investment recommendations. I have found the information clear and well presented. REITS was become a key part of my portfolio.
⭐⭐⭐⭐⭐ Give HYL a try, I’m sure happy I did. • legoabs1 • Sep. 20, 2024 5:05 PM
I have invested in stocks for many years but wanted to try REIT, something I knew very little about. I then researched a few REIT services that I can try but I’m very happy I chose Jussi’s HYL board. The free trial was a no-brainer. HYL research is through and actionable, trades are live, more so, HYL portfolios are visible to all members. Previous articles and trades are there to review, plus there is a REIT course for new REIT investors like me. I’m new to the service, but know I will stay for a while, since there is lots to learn and Jussi does most of the work/screening for you. Give it a try, I’m sure happy I did.
⭐⭐⭐⭐⭐ Love HYL • rjain10 • Sep. 20, 2024 4:28 PM
I absolutely love Jussi's work here at HYL. It is thoroughly researched, easy to follow, and Jussi responds to your specific questions promptly when you have them. My portfolio is better because of this service.
⭐⭐⭐⭐⭐ I recommend HYL • joseph amos • Sep. 20, 2024 3:52 PM
I recommend this service for good analysis and helpful chat forum
⭐⭐⭐⭐⭐ Nicely informative value-oriented REIT newsletter • Atlanta investor • Sep. 20, 2024 3:09 PM
There are a few high-yield and dividend-oriented services that specialize in REITs, but I found Jussi's value-oriented approach as the best for my investment framework. He is focused on REITs that sell at significant discounts to the underlying real estate, not necessarily on the highest-yielding ones, and I find that this makes a lot of sense over time. He has three portfolios, a core one, a retirement one that is more yield-focused and conservative, and an international one. The international one is honestly the most interesting with picks that are a bit riskier but also can have very high returns. It's something you don't find elsewhere. If you want to get a sense of his approach, it is definitely worth watching his YouTube videos, and that will give you a taste of his views.
⭐⭐⭐⭐⭐ GAME CHANGER • lukchw • Sep. 20, 2024 1:46 PM
Since joining the High Yield Landlord Investment Group, my approach to investing has completely transformed. Not only have my results significantly improved, but I've also gained confidence and peace of mind knowing that my decisions are based on solid analyses. In investment groups, the most important factors are professionalism, trust, and access to reliable information. High Yield Landlord excels in all these aspects. The accuracy of their analyses and their cool-headed, objective view of the market allow me to make informed and thoughtful decisions. Jussi's expertise is truly the key to success. His deep knowledge and experience open doors to opportunities I hadn't even considered before. The community support and the ability to share experiences with other investors further enrich this exceptional experience. I recommend High Yield Landlord to anyone who has doubts or is looking to improve their investment results. It's an investment that not only pays for itself many times over but also educates and inspires. In a world full of uncertainties, this group is a true treasure and a solid foundation for future success.
⭐⭐⭐⭐⭐ High Yield Landlord does the legwork • Hrsesser01 • Sep. 20, 2024 12:51 PM
I am very pleased with the my High Yield Landlord subscription. Jussi does a good job of narrowing the field and allows me to hone in on the REITs that might be appropriate for me. I also like that he not only analyzes the public date, but he often can gain an audience with some of the REIT officers and can ask them direct questions.
⭐⭐⭐⭐⭐ I Am Favorably Impressed • MoreBob • Jul. 23, 2024 12:57 AM
Congratulations also. I believe having substantial skin in the your recommendations makes you vastly more creditable. Having a script for your videos is very welcome, thanks. I dislike videos because I make notes on written information that I get. Highdyk's comments said most of what I wanted to say. I dislike repeating what others have said. I clicked on his 'like'.
⭐⭐⭐⭐⭐ For those looking for both income and appreciation, Jussi's is one of the best advisory services… • Riverbum9 • May 23, 2024 3:00 PM
I subscribe to several investment advisory newsletters and services, but for those looking for both income and appreciation, Jussi's is absolutely one of the best. I particularly appreciate his detailed and thorough analysis and his exposure to non-US based equities, which provides considerable diversification and stabilization of total portfolio value. That's important to me because I manage several family portfolios for both income and growth.
⭐⭐⭐⭐⭐ Game Changer • bmmkdividends • Feb. 03, 2024 10:21 AM
Before signing up for HYL, investing felt random or undisciplined. With HYL, investing feels intelligent, strategic, and a confident pursuit! I would have never trusted myself to assume REITs were a great investment over the last few years, as prices were driven down so far, but I learned about REITs, the Real Estate market, how different REITs are structured, and how I can confidently profit from both cash flow and appreciation over time. It was with HYL that I saw my portfolio surpass $100K for the first time ever! Without Jussi and his team here on HYL, I really don't believe I would be anywhere near that because I'd still just be randomly picking stocks with no real mission behind it. It's been worth every penny!
⭐⭐⭐⭐⭐ All Good So Far • User 57876118 • Oct. 28, 2023 2:20 PM
The REITs suggested aren't all winners—nobody's perfect—and I'm not expecting to find the high risk 10 baggers here, either. I don't act on every suggestion. But then, I like stability and I've always loved dividends. This newsletter has helped me to think about REITs differently and, really, has given me new insights into stocks and stock picking in general. It's too soon to tell if I'm making the best choices—I won't know that until the market turns up again—but I am making my decisions with confidence. Here's what I know for sure. My pre-HYL portfolio is not doing as well as my HYL portfolio. Overall, I'm still very pleased that I decided to join, and I've suggested the services to several friends.
⭐⭐⭐⭐⭐ REIT blackbelts • drcapari • Oct. 28, 2023 9:32 AM
In recent times, I have listened to hundreds of hours of audiobooks from the best authors, examined and tried several investment advisory services, and completed several courses on ETFs, stocks, bonds, and REITs. The deeper one delves into a subject, the more one realizes how little they actually know about it. One of the key factors for maximizing my cash flow is to do it in my field of expertise. I've realized that as a veterinarian, I don't have the time or energy to deeply analyse individual companies, which even for a professional can take several days of work and carries a high risk of error. Even if one does find a good investment opportunity, it's not enough to buy it at the right time and price; you also need to know when to sell, how long to hold it, and this requires constant attention, which is almost a full-time job for a portfolio containing 20 REITs and companies. I've come to the conclusion that it's best to entrust this work to experts and find 1-2-3 services that best suit your goals. Of course, there's still a need to make individual decisions and shape the portfolio correctly. It's not easy to find service providers in this digital noise who are experts in a particular topic, diligently invest their time and energy in analysis, and, moreover, put their skin in the game. I've been interested in the REIT asset class for a long time, and I'm very glad that after much research, I found Jussi and his team, who are true professionals in the field. If you want to day trade, achieve serious success and returns in a few weeks, I do not recommend Jussi's team or the stock market at all. For those who want to generate good returns in the long run, patiently wait for the necessary time, and build significant wealth over 5-10 years, or simply preserve the purchasing power of their money against inflation, you are in the right place... with the best REIT expert team!!! These guys are professionals, and they also promptly answer all your questions... On the other hand, it seems that the current economic situation presents a historic opportunity for generating significant returns in the REIT sector. It would be a waste to experiment when Jussi and his team are offering the best investment opportunities on a platter.
⭐⭐⭐⭐⭐ Thanks to HYL I've now got my REIT portfolio • Francois007 • Aug. 14, 2023 3:35 PM
It’s been quite a while I had wanted to invest in REITs. But I didn’t know where to start, and I didn’t understand the specifics about REITs - FFO, etc… Then I stumbled on an article from HYL explaining that it was THE time to start thanks to REITs low valuations due to high interest rates. I subscribed to the service, and I started the training course. Very clear, very concise, always to the point : quick to go through, and providing all necessary concepts to understand HYL analysis. Then I looked at the 3 portfolios. The spreadsheets are very well organised, with links to relevant articles and analysis to understand each line of the portfolio, and to make one’s own selection based on risk appetite, real estate knowledge, etc… 2 weeks later, I had my REIT portfolio up and running. 1 month later, its value increased by +15%. Very happy about the service. And enjoying every cents of the quarterly revenues !
⭐⭐⭐⭐⭐ Good customerr service • fred04 • Jul. 24, 2023 8:08 AM
Customer service
⭐⭐⭐⭐⭐ INSIGHTFUL, DATA DRIVEN, PROFESSIONAL • Karlos44 • Jul. 12, 2023 10:02 AM
HYL provides very insightful analyses and strategic rationale for the moves in the portfolio. I am very positively surprised with Jussi's knowledge and the overall dynamics invoved in leading his group of investors. I very much recommend HYL's services.
⭐⭐⭐⭐⭐ Clarity, depth, and consistency • Green Orchid • Jul. 06, 2023 12:24 AM
If I had to name a single reason why I subscribe to both HYL and HYI, it would be trust. I trust the quality, depth, and consistency of the analyses provided. I can’t say that about many authors on SA — over time, I have dwindled to a few that I find offer a clarity and depth of insight that is truly value-added to my investment decisions. I have high regard for each of the authors on the team; each adds a genuinely different and useful perspective to the larger context as well as specific investments. So why do I have trust in what they write and recommend? First, there is a clear underlying model for evaluating companies. The portfolio choices are explicit in their criteria and the levels of risk. Second, the authors consistently apply those criteria and offer distinct pros/cons, possible trajectories, and their personal conclusions. The articles are a presentation of information rather than a sales pitch. Quite clear and concise too. Third, they go deeply into the candidate investments and re-evaluate (rather than defend) their theses. Evolution with new information is increasingly rare. Fourth, the depth — particularly the interviews with management — provides me with a stronger level of conviction in the initial investments, and buy-sell decisions. I have high value for their regular interview transcripts. After two decades in Silicon Valley and observing the world of private equity, I have come to appreciate how significantly the quality of management influences the outcomes for companies; much more so than just numbers would tell you on where a business is headed. What would be areas where I don’t align? One would be the level of risk on some of the investments. I don’t mirror their entire model portfolios and pick the best matches for my goals. In fact, despite my age, I lean more heavily on the more conservative “retirement portfolio” for steady performance and select from their “core portfolio” for greater risk/upside. Second, I am not as dismissive of technical analysis as some of the authors. While I’m a long-term investor, not a trader, I do see some value in technical considerations for buy-sell timing.
⭐⭐⭐⭐⭐ Great Find! • peterjfisher79 • Jul. 03, 2023 5:45 PM
As a Seeking Alpha subscriber, I stumbled across High Yield Landlord and started to read the articles. I found them to be very well thought out and written. I decided to sign up for the newsletter and couldn't be happier so far with the great research and frequent articles. While early, I couldn't be happier to leverage Jussi and his team's insight to guide my REIT investments.
⭐⭐⭐⭐⭐ The best REITs research service I know • Ivan.S • Jul. 02, 2023 11:01 PM
I've been a subscriber of HYL for two years now and I have to say I've learnt a lot not just about REITs but investing overall. This service provides very deep research on REITs. You can simply copy their portfolio or decide what you like to buy.
⭐⭐⭐⭐⭐ Get the Knowledge to Invest with Confidence • imccoy • Jul. 02, 2023 7:33 PM
Excellent service. I'd been researching REITs for a while and never had the confidence to pull the trigger. After going thru his course, I have started to build my REIT portfolio with confidence and knowledge.
⭐⭐⭐⭐⭐ A satisfied investor. • EverythingisCool • Jan. 10, 2023 1:05 PM
High Yield Landlord has provided me with a fundamental education in REIT investing. I am very new in this investing environment. This service has helped to understand some of the detailed analysis that a serious investor really needs to know. The model portfolios are of particular interest. I have used this information to help govern my investing and am very satisfied with the results.
⭐⭐⭐⭐⭐ REIT landlord • AllMight888 • Dec. 21, 2022 5:26 PM
Become a high yield landlord without the troubles of doing property management. It has respectable investment portfolios. The monthly portfolio review is extensive and covers the details to keep you up to date on each stock.
⭐⭐⭐⭐⭐ Great analysis, low volatility • ptor • Nov. 20, 2022 7:58 PM
Great analysis, diversification geographic, in depth explanation on the why to get in the companies. I started slowly and now this service is about half my income portfolio. This is NOT a get rich quick losing money service. This is the opposite, steady income and steady build up in value. The volatility is very low vs regular stocks and I'm on my income portfolio up even in the worse market.
⭐⭐⭐⭐⭐ . • DV80 • Sep. 25, 2022 12:01 PM
Great REIT analysis including many REITs outside the U.S.
⭐⭐⭐⭐⭐ Stoykitsan@gmail.com • THEODOROS ORDOULIDIS • Jul. 13, 2022 11:04 AM
THEODOROS ORDOULIDIS
⭐⭐⭐⭐⭐ Excellent Value! • monkey's uncle • Jul. 09, 2022 2:26 PM
I especially appreciate the detailed REIT database that is available through this service.
⭐⭐⭐⭐⭐ A Real Estate Professional's Point of view • bobmaccullochYL • Jun. 29, 2022 7:03 PM
I am totally satisfied with the analysis, research and recommendations I get from Jussi and his team. As a 40 year Real Estate professional and investor, I find his thoughts on RIETS to be very helpful and profitable. Glad I found you!!
⭐⭐⭐⭐⭐ Must have for REIT investors • Sebastian Jammer • Jun. 24, 2022 12:31 AM
Great service and analysis. It fits well with my investment style and philosophy which is based on value and fundamentals.
⭐⭐⭐⭐⭐ Happy Customer • petetheone1 • Jun. 20, 2022 7:59 PM
I am extremely happy with my HYL subscription! Even with the recent price drop I am way ahead since 2020.
⭐⭐⭐⭐⭐ You Will Get Your Money's Worth...I Did! • User 54527324 • May 09, 2022 1:25 PM
I have been transitioning from owning 14 single-family rentals for 20 years to Jussi Askola's High Yield Landlord and it has been working out for me just fine. I believe in real estate investment, but am getting tired of this new generation of less responsible tenants. Jussi works hard at researching the right REITs in which he invests his OWN $ and that makes me feel more trusting of his recommendations than just a financial writer (there are too many of those). I've been investing in stock and mutual funds for about 30 years, but was unsure about REITs until I read through his 10 module REIT investing course (free to subscribers). Would I re-subscribe? YES
⭐⭐⭐⭐⭐ Straightforward and never had a reason to distrust. No rationalizing aka backpeddling. I could never say that about my financial advisors. • tim_k • May 07, 2022 7:32 PM
My large well known ETF brokerage financial advisor created a portfolio for part of our retirement funds. On inspection it was identical to the targeted retirement fund comprised of their ETFs. One of the ETFs was the VNQ. But I have to believe that it is possible to pick the best 20 of the 164 in the VNQ thereby reducing risk. I don't have that expertise but this team does. Plus they lay out the rationale and stay on top of all the individual Companies. All the shareholders calls, the financials and the public sentiment. So sure - ETFs diversify. But why invest in all the REITS? Better to pick the best in class and buy under the recommended buy price. Just like buying individual properties yourself, the money is made based on your purchase price. They do an excellent job of describing a price at which the REIT makes sense.
⭐⭐⭐⭐⭐ Just Great! • chris.baer • Apr. 29, 2022 7:24 AM
Jussi and the other authors of HYL offer a fantastic service in the REIT space. Even if they have different opinions of some stocks, it is the biggest strength. Therebis no blind folowing. Cant highlight HYL enough!
⭐⭐⭐⭐⭐ I recommend HYL • ralfel • Apr. 22, 2022 4:16 PM
HYL is very informative and financially rewarding. The message board is always active and when asking questions I have always gotten a quick response. In addition to High Yield Landlord I would recommend subscribing to High Yield Investor to round out the higher dividend portion of a portfolio.
⭐⭐⭐⭐⭐ Great service dedicated to REITs. • Indigo_SA • Apr. 22, 2022 8:17 AM
We are in a very challenging market, thanks to HYL I'm well informed and find great value with live updates/discussion to stay ahead of the street.
⭐⭐⭐⭐⭐ Built a Diversified and Winning REIT Income Generating Portfolio • User 55589264 • Apr. 20, 2022 5:38 PM
As a REIT newbie, HYL has provided me with the education, framework, analysis and information alerts to build an income generating portfolio.
⭐⭐⭐⭐⭐ Highly Recommended • Magoo1 • Apr. 18, 2022 7:47 AM
Jussi has compelling reasoning to invest in what he recommends. I also liked his Course to REIT investing and the general format of the website.
⭐⭐⭐⭐⭐ HYL Highly Recommended !!! • Traderdog1 • Apr. 15, 2022 4:05 PM
Before joining High Yield Landlord I had been a member of 2 other services and had tried a couple of 2 weeks trials. I was not ever all that impressed with my previous experiences. I kept seeing these articles by Jussi Askola and decided to finally read one. The article was about a REIT called VICI Properties. I have to omit that it was the best article that I had ever read on Seeking Alpha. I was hooked from then on. It took me a few months to get acclimated to the ways that everything was presented. I have found a home. REITS make sense to me. I love collecting rent! The chat room has great members who help each other. RP Drake is the room moderator and is a fantastic source of knowledge. I can’t say enough about Jussi. He cares about his members and has created a fantastic service. I highly recommend this service.
⭐⭐⭐⭐⭐ Highest recommendation!! • Andrew_Malik • Apr. 14, 2022 2:09 PM
I’m member of HYL for 1 year and I’m read Jussy’s articles for almost 2 years. The HYL team does excellent company analysis, they introduced me to REIT and I am very grateful to them for that. no inconsistencies or lies were ever noticed in their articles. 50% of my portfolio is invested in stocks on the advice of HYL and I have complete confidence in them. I'm always interested in reading their articles, they do detailed analysis. also jassi always responds to private messages, it's very nice. I think that instead of a thousand words, you just need to subscribe for a trial period and you can see for yourself that this is an excellent service. many thanks to Jussy and the whole team.
⭐⭐⭐⭐⭐ Solid REIT subscription service • Big Goose • Apr. 11, 2022 11:59 AM
I am somewhat of a new REIT investor. What I like about HYL service is the write-ups are understandable and informative. I also like the transparency they offer. They share successes and those REITS that have not been as successful. Let's face it, every investment service has winners and losers and we know that. I like the information and all the tools the service provides. While I am only a few months into the service, I give it 5 stars so far!
⭐⭐⭐⭐⭐ Highest recommendation! • proactiv • Apr. 10, 2022 4:44 PM
Have been a member of HYL for less than a year and can say I have received great advice and have invested significantly based on the great articles and recommendations. HYL and Jussi both have my highest recommendation.
⭐⭐⭐⭐⭐ Excellent Research and Transparency • mantonini • Apr. 07, 2022 2:51 PM
HYL provides excellent research and has guided me in a sector I don't have the time to fully learn. The transparency provided is refreshing. As I look for a replacement for Bloomberg when I retire from bond trading, Seeking Alpha in general, and HYL specifically are providing value to my portfolio.
⭐⭐⭐⭐⭐ Great Service • Genghis_Khan • Apr. 07, 2022 12:07 PM
The approach fits me perfectly, I like Jussi 's perspective, international knowledge and the way he studies each ticker within its sector. I have not had this service for even a year, but confident it will be succesful. Thank you.
⭐⭐⭐⭐⭐ Few better, if any, places to go for investment advice. HYL will make you money if you follow. • RZappone • Apr. 07, 2022 10:08 AM
I have been hugely impressed with High Yield Landlord and Mr. Askola. The investment advice and in depth analysis is worth every penny I spend for them.
⭐⭐⭐⭐⭐ Subscribing is the best decision I made this year • Alnoor Ramji • Apr. 06, 2022 11:06 AM
Well researched recommendations. One has the option to dig deeper into the rationale for recommendations made. I liked the service so much that I also subscribed to their sister service High Yield Investor. Incidentally there is a chat room and an opportunity to have your questions addressed. No one can be right 100% of the time but this service comes as close to perfection as humanly possible. Appreciate the spreadsheet where I can follow my portfolio
⭐⭐⭐⭐⭐ Love it! • rffpgadsp • Apr. 05, 2022 9:58 PM
Great service. Passionate about REIT and very professional
⭐⭐⭐⭐⭐ Very happy, worth every cent • Chefgram911 • Apr. 05, 2022 7:02 PM
Very happy with the incredible research and diligence that Jussi and crew undertake daily. I have 23% of my portfolio in REIT's, and Jussi personally helped me analyze my picks. He answers all questions promptly and thoroughly. I will hold REIT's, in some capacity, forever and will surely look to HYL to help guide me in the right direction.
⭐⭐⭐⭐⭐ Great Value • jay98 • Apr. 05, 2022 6:47 PM
In the past, I’ve spent a lot more for a lot less. These guys are really taking that “teach a man to fish” mantra to heart. It’s greatly appreciated and more than worth the cost.
⭐⭐⭐⭐⭐ Great job Jussi • hi.yall.64 • Apr. 05, 2022 2:08 PM
I have been a part of HYL for several months now, and I feel that it is a very good service that is run very well. Jussi has everyone's best interest at heart it seems, and he delivers many, many good ideas that one can monitor and decide how best to use them. The other contributors that post have been very good and helpful as well. I would definitely recommend this service to others.
⭐⭐⭐⭐⭐ Let Jussi do your REIT heavy lifting • atomiceco • Apr. 05, 2022 11:10 AM
I recommend the High Yield Landlord service for anyone looking to invest in the REIT space. The HYL portfolios (core/retirement/international) with their recommendations are valuable right off for increasing your REIT exposure with new picks that fit your portfolio. However, the real value for me comes from the trading alerts and in-depth articles that save me a lot of work that I would probably not have the time or attention to do myself. The chat is great and there seems to be a good amount of active subscribers posting there.
⭐⭐⭐⭐⭐ Worth the money! • goothoudt • Apr. 04, 2022 7:52 PM
HYL does a great job on many fronts! They provide regular updates that include current information on existing recommendations as well as new research and recommendations on new companies.
⭐⭐⭐⭐⭐ Quality analysis and active chat group • WheelerA • Apr. 04, 2022 2:49 PM
I am pleased with HYL. The analysis is easy to understand and thorough. An excellent resource for REIT investors
⭐⭐⭐⭐⭐ Good and balanced approach to investing • Green Capital • Apr. 04, 2022 2:27 PM
When logging in the first time I was very positively surprised: high quality research and lots of sense making involved, transparent discussions. Frankly, I wish I would have found this team earlier.
⭐⭐⭐⭐⭐ Excellent service in good and bad times.... • Lenseri • Apr. 04, 2022 2:13 PM
Excellent service and in depth analysis which gives high credibility. Jussi is for every person always available and follows his proposed investments all the time. No interruption. That makes me confident.
⭐⭐⭐⭐⭐ Insightful and timely investment recommendations with perspectives from multiple investors • Eric Kennedy • Apr. 04, 2022 12:51 PM
The timely investment recommendations from High Yield Landlord have already paid for the annual membership in 3 months. Unlike other services, HYL also includes a chat system to discuss investment ideas with the multiple authors who run HYL and also other subscribers. Hearing multiple perspectives on investing in REITs helps identify companies to buy and those to avoid.
⭐⭐⭐⭐⭐ Solid picks • walter kramer • Apr. 04, 2022 11:37 AM
I like the service. It doesn’t push stocks indiscriminately, only after solid research.
⭐⭐⭐⭐⭐ Excellent service and great explanation of the investments thesis • mhfernan • Apr. 04, 2022 6:48 AM
In just few months I could realize the great quality of the service. The thesis of the recommendations are well explained and we can see some results even in the short run.
⭐⭐⭐⭐⭐ Excellent Service • Ernest1955 • Apr. 04, 2022 1:38 AM
Excellent Service for REIT investors, discussing not only US REITs, but REITs from many countries world-wide. Highly recommended.
⭐⭐⭐⭐⭐ Excellent service, highly recommended • Greyhound20 • Apr. 04, 2022 1:23 AM
Truly great service based on profound knowledge and experience. Combined with a highly responsive team and a great member community. I am glad to have finally joined the service and can only recommend it!
⭐⭐⭐⭐⭐ Great Service for REIT investors. • Evaluation • Apr. 04, 2022 12:12 AM
Excellent resource for REIT investing. Jussi provides great insight and recommendations for US and foreign REITs. I have subscribed for just a few months, and have achieved excellent results. His customer service is terrific, responding to inquiries quickly. Overall, I am extremely pleased.
⭐⭐⭐⭐⭐ Couldn't be More Pleased • williamstj99 • Apr. 03, 2022 10:38 PM
I've been a member of HYL for approximately 4 months and have initiated four positions based upon Jussi's research. All four positions are up between 5 and 20 percent and that's not counting dividends. Regardless of short term performance I find his advise extremely well thought out and actionable. I sleep better at night knowing regardless of the short term market gyrations I have a reliable income stream. WilliamsTJ99
⭐⭐⭐⭐⭐ Great Team and Service! • Hank222 • Apr. 03, 2022 8:23 PM
I became a member over a month ago, and have been enjoying the service from day one. Really appreciated the profseeionalism the team has shown to its members, and not to mention the superb performance comparing to the market. Expect to be a long term member:-)
⭐⭐⭐⭐⭐ excellent Service and great resources • Josepe34a • Apr. 03, 2022 7:24 PM
I have been using High Yield Landlord just for last two weeks and I really very Happy with the REIT resources provided by this service.
⭐⭐⭐⭐⭐ The HYL team is very active in chat and has great well thought out articles. They have really helped me up my investing game and profitability. I highly recommend to anyone investing in REITs.• Agent0071 • Apr. 03, 2022 7:11 PM
Great value!
⭐⭐⭐⭐⭐ High Yield Landlord Review • JBworstever • Mar. 27, 2022 10:03 PM
High Yield Landlord is an outstanding service that offers profitable actionable ideas.
⭐⭐⭐⭐⭐ My Sleep Well Portfolio is Complete with HYL! • Dayboat • Mar. 21, 2022 10:09 PM
I have been a member for two years now and I have to say Jussi and the team do a fantastic job providing me with the knowledge I need in my early retirement to put hard earned money to work! I have always held physical properties but through High Yield Landlord I am able to continue to invest in real assets without the day to day headache of taking care of rental property. I am so pleased to part of this group and use it daily to make investing decisions. My gains over the last two years are much more than I ever expected and my portfolio is well diversed thanks to the research through HYL!!
⭐⭐⭐⭐⭐ Income Investor - valuing the HYL service • Macdouglas22 • Mar. 02, 2022 3:37 PM
I've just transitioned to being a Income investor and have been using HYL for 5 months now. I'm pleased with the service. In particular, I like the in-depth analysis of each holding, knowing someone is watching this segment of the market full time, receiving timely buy/sell advice, knowing he has his own money on the line, following a strategy of buying undervalued companies with good dividends and growth prospects, and the Google sheet spreadsheet that updates market prices real time (I've modified it to show me annual total ROI). While the market is in correction, I'm confident that returns will be very good in the mid to long term
⭐⭐⭐⭐⭐ Great Resource on REITS Universe! • tim.riley • Jan. 26, 2022 11:21 AM
Good research, not the party line on REIT's (don't always agree), user friendly and organized so I can quickly assess along several important metrics, saved me HOURS building a dividend income producing sleeve, and has paid for itself in multiples.
⭐⭐⭐⭐⭐ Definitely worth the cost of admission • quasimora • Jan. 10, 2022 12:33 PM
Jussi has created an excellent real-esta investing interface (reii) based on his system of identifying promising reits. I've used it for 18 months or so and the results have been quite rewarding. Jussi and other members are very responsive to questions and have even created a learning program. Highly recommend the reasonable cost of investing in this service.
⭐⭐⭐⭐⭐ Excellent service with very accessible authors • Phildutch • Jan. 06, 2022 4:30 AM
Best service in REIT land: Great and frequent recs, concise and accurate articles, and authors that are very accessible when using the Chat part of the service. Keep up the good work guys!
⭐⭐⭐⭐⭐ Happy with this service • Dropo catala • Nov. 29, 2021 1:04 PM
The service presents 3 different and updated portfolios and gives clear indications on the buying price (buy below), the expected/fair value (always with a security margin) and the yield that we will get while waiting the company to reach the fair value. It presents monthly investment thesis so Jussy is doing the toughest part for us (research of new opportunities), however it's up to the member to do his own due diligence and to invest or discard the company. Jussy and Paul are always available in the chat to answer the questions from the community.
You can read all 500+ reviews of High Yield Landlord on our landing page at Seeking Alpha. Note that the service offered on Seeking Alpha is the same, but it is slightly more expensive than here on Substack due to Seeking Alpha’s higher revenue share.
