Landlording can be a joy of free cash-flow. Or it can be (what I currently have) a nightmare.

Landlording can be a joy of free cash-flow.

The idea (landlording) is supposed to be that landloarding equals cash flow. So the more units with a renter and the more cash flow you get for managing them. The problem is that the juice is never worth the squeeze.

At first the $83 dollar per month check was nice. There were no problems at all. It was a smooth process finding a renter. The renter turned out to be a great renter (on who faithfully had his rent 5 days late every month). He was late a lot but it was always consistent. There was no problem with this situation until he decided to move.

He left the property in great condition. Yes there was the usual dings, paint, etc but nothing crazy. However here is the problem. Re Renting Sucks. I can't explain it any better then that. Listening to the 30 stories of why people have bad credit but should get a chance anyways etc. Of why there moving and how they can of course pay rent no problem... Rest assured no problem paying rent at all but somehow has a problem with putting a deposit. Hmmm. Finally its re rented and guess what? These tenants will be a pain.

The profit of renting the properties is under a grand per unit per year. For the headache and stress you can keep the thousand bucks. Landlording