Re: why need to be a landlord???? - Landlord Forum thread 321718

Re: why need to be a landlord???? by Kim (WV) on July 23, 2014 @19:19

Landlording can be a full time job. Lots of the little maintenance things (like you mentioned) that you might let slide in your own home you have to take care of immediately in a rental house. We don't paint the interior of our house every couple of years like we do the rentals. We don't jump to fix every little thing that goes a little wrong in our house...but the tenants will sure expect you to do it ASAP in the rental house. I don't think we have as many carbon monoxide detectors, smoke detectors, fire extinguishers, etc., in our house as we have in any of our rental houses. We don't have a security system in our house but two of the rental houses have them. Tenants expect certain things for their money and one of those things is prompt service when something breaks.

If you keep your properties in good shape you can get better tenants and higher rents, but for sure you need the cash available to do major repairs at any time and without delay. Like the old saw goes "It takes money to make money." Landlording is not something you want to undertake on a dime.

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