I have two out of state Townhomes nearly identical and rent for around $2,600 per month.

I was planning on finally recasting the loans at a lower balance of $70K each to get $1,200 per month per unit or $2,400 per.month from both in retirement. (Fortunately I don't really need the income at this time but was just going to stack into savings).

That was until one of my tenants got sick??? And hasn't paid rent for Sep, Oct and Nov totaling nearly $6,000; (they deposited a good faith payment of $1,700) I sent an Eviction Order for my protection as I don't want squatters but they are saying they will be out by Dec 1st?? TBD.

I have other rentals in my home state and over the years the tenants seem to all have issues! Some have damaged the properties and others have had issues paying rent. It's always one thing or another!!!!

So I did some pro-forma's to compare the 5-7-10 year gains on these two properties as rentals versus liquidating and just putting the equity into T-Bonds which are currently paying over 5%!!!!

I also ran numerous scenarios through ai and it also showed that keeping the rentals gives a better long term return over fixed income. As expected the longer the term the higher the margin as the five year gain was minimal where the ten-year gain was close to 300K but that was with a lot of positive assumptions.

The other concern is after hearing a statistic last night that 29% of adults this year used BNPL to purchase groceries! Fact checked and it's an accurate statement!

So with rising inflation which is good for real estate...but I I'm concerned there is a paradigm shift taking place where the lower end of this K shaped economy is growing while responsibility is waning.

Is this going to become the new norm where collecting rent is going to become a regular hassle?

Both of these Townhones are great properties 3/2.5 bath with 2-car garages and are only 9-years old.

But; I'm getting Landlord Fatigue with turnover cleaning/repairs, tenant screenings, lease agreements, managing rent payments, repairs, worse tenant issues, etc...

The new tenants all seem super excited and enthusiastic when taking the keys then after about 14-months the communication becomes nonexistent eventhough my #1 statement in my lease agreement addendum is "Good Communication" It always starts like a happy marriage and usually ends like a bad divorce!

Please recommend whether you feel the hassle is still worth the effort these days especially when bonds are paying a historically high rate!

Thanks!