Tell me what you hate about land lording
Lay it on me friends, I want to hear what you hate about land lording. What should I expect that is a real PITA? I read in someone's post the other day that they hate land lording. It is my goal to try land lording and purchase and run a rental property. If you are a veteran landlord, which parts of it are the rough spots? What are your hassles? I know that good management can take care of a lot of your issues. What should I be prepared for? Thanks!
Most Popular Reply
Two things I have learned in the past 10 years that to me are most important:
1. Buy the property at a good price. Never overpay. Other deals will come around as a buy and hold investor.
2. Screen tenants in depth from day 1 and never sacrifice any of your guidelines for what you deem a quality tenant.
What's the worst part about landlording? People who don't pay rent of course.