Updated over 5 years ago on . Most recent reply
- Real Estate Broker
- Cody, WY
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What is your biggest fear as a Landlord?
Are you afraid Tenants will trash your rental?
Tenant won't pay rent?
The economy will turn and your rentals will sit vacant?
You've over-extended yourself financially and the next problem will wipe you out?
What keeps you up at night? More importantly, what are you doing right now to mitigate that risk and prevent it from sinking the ship?
- Nathan Gesner
Most Popular Reply
Are you afraid Tenants will trash your rental? Not really, drywall and paint is cheap. Windows not so much (knock on wood)
Tenant won't pay rent? Not anymore, been doing way better due diligence over the last 5 years and require auto-pay
The economy will turn and your rentals will sit vacant? No, my margins are good and even in the 2008 crash I was getting great cash flow.
You've over-extended yourself financially and the next problem will wipe you out? Yes I think that sometimes, but reality sets in and those negative thoughts disappear.
What keeps you up at night? More importantly, what are you doing right now to mitigate that risk and prevent it from sinking the ship? Never achieving TRUE financial freedom! I believe in this dream called "real estate investing" and even though I do everything I can to set myself up financially I feel like I'll never actually get there.