Residential landlord is a fucking brutal miserable job. I did it with a couple properties when I was younger. The night I sold the last property, I had the best sleep of my life. I still vividly remember the relief of not dealing with stupid shit from tenants.
On this we fully agree.
Enough of the simple minded generalizations guys...you want every property to be owned by some bank? You think tenants will be better off? We aren't all slumlords. We work our asses off for our tenants, and for years they got better stuff in this property than we did (because we couldn't afford to say put new flooring in both). My wife and I invested in property because where the fuck else is better to put your money?
It's brutal and there are some truly awful tenants that will steal, break and otherwise make as much trouble as possible. Not many, thankfully, but enough to where it is not fun. Hell it's not fun even *with* good tenants, it's work--if you are not that dick that just lets their properties fall apart and don't do anything about it.
Yep, triggered landlord. All I can say is, we are not rolling in dough, it's a grind and hopefully better than watching all our money drain out of 401ks (which I have from work, but I'm afraid to look at it.) landlords (can be) people too!