Newbie (Possible) Issues
Hello, So I still consider myself a rookie so I need to ask this question. I currently own 3 properties and renting 2 and looking for a new tenant for the other. The issue is I don't receive my rent payments from my property managers until the 10th/11th of every month. The mortgage is due on the 1st late by the 5th. Same as the rent. Tenants are not paying the rent late. I end up paying out of pocket to pay the mortgage and obviously get compensated by the 10th/11th of each month from the rent payments. I feel this is unsustainable for me ESPECIALLY because i want to buy more properties ( at least one more until i pay some of these off) Am i wrong for my high anxiety/ being upset with the property manager not depositing the money until the 7th/8th of every month?