Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Make Money Online
Real estate
Is the landlord life what it is painted to be or just hype?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Etini, post: 333560, member: 90141"] I have been lucky to have my dad owning properties that I just had to take over management. When I hear people talk about the allure in being a landlord, I can't help but wonder from my experience if it is just hype. I am listing out some reasons why I feel the landlord life is overrated. 1) Unexpected Repairs and maintenance costs: It is sweet to be earning rental income till you get to find out that half of it can go into maintenance of the property. And these are not even tenants induced damages but normal wear and tear that is the responsibility of a landlord to fix. Issues like leaking roofs, soak away damages, water pump issues, etc are not repairs that come cheap. 2) Tenant Issues: The most difficult component of management is man management and here you have to manage humans that live in your house. Let's start from tenants that would pay your rent late to those who would bring intruders into your compound and those that would be careless with facilities in the house. It is not easy to manage these bunch if any of the bad ones happen to be your tenant. Evicting them? They might take you through a legal tussle that would get you tired at the end. 3) Market Influences: There are times when the economy is so bad that your property would be vacant for months or years without anyone to live in and pay you rental income. Be that as it may, being a landlord comes with so many good perks financially and otherwise. Just wanted to let you know some challenges of it before you step into it. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Make Money Online
Real estate
Is the landlord life what it is painted to be or just hype?
Top