I own 4 unusual rental properties, each with many apartments, however i was so gleeful to purchase those properties.
I was sure the investment would hastily spend money for itself plus provide a fantastic income.
I had plans to continue to buy more properties over the years, then however, I soon discovered that handling the needs of the occupants is a aggravating plus full-time job; Not all of the occupants spend money their rent on-time, they lie about having pets. I was originally mowing the laws at all of the properties. The yard would be littered with toys, trash, dog poop plus sod furniture. I’d spend more time picking up after the occupants than really mowing the sod. I was getting constant phone calls for ridiculous complaints. I had a occupant tell myself and others that a light fixture was broken plus needed to be updated, when I went over there plus checked, I discovered that the lightbulb was blown out. I have a job above plus beyond serving as a building owner. I toil several days per month from more than eight to multiple, however spending my mornings plus weekends running around taking care of the rental properties was seriously aggravating. I finally turned the whole responsibility over to a property management company. It has been such a relief. I toil with a single agent who takes care of renting the apartments, collecting rents, complaints plus repairs. She hires professionals to repair troubles with the plumbing, electric, heating or cooling. She provides a buffer between the occupants plus myself, however although the fees of the property management company chop into my profits, the convenience is totally worth it.