I don’t suppose I have the fortitude that it takes to be a full time landlord.
One of my best friends inherited a small chunk of cash from his Grandpa’s estate and decided to turn it over into rental properties.
He had no experience and wasn’t a trained handyman prefer many of the fulltime landlords that all of us have met in the past while renting apartments in school. He wasn’t even sure how to advertise or what the laws were regarding renting out homes in our state. Needless to stay, things did not go as planned. It abruptly became the primary focus in his life and forced him to quit his task from the constant demand. He had to be at 1 of his rentals 1 morning and at the others each consecutive morning of the labor week. Things prefer Heating, Ventilation, and A/C and plumbing service are necessities that our state requires for all renters by property owners or property management companies. He had 1 renter who kept complaining about her A/C going off. But every time he went out to the house, he found the control equipment set to 66 degrees while outside weather was hovering in the 76s. The last time resulted in a cracked evaporator coil and forked a large repair bill that my acquaintance had to cover in full. Eventually this renter quit paying rent altogether, forcing my acquaintance to beginning the eviction process. When he finally came to the apartment to detach her things, he had to open a window because she had barricaded the front and back doors with chairs. But when he got inside, she was nowhere to be found. The apartment odored prefer rotting fish, which all of us soon found out was due to the sardines she threw in the A/C return before leaving.