Originally Posted by
rickair7777
Welcome to my life.
Yeah? Me too.
11 rental units in 2 states. So far this year, 3 nasty evictions (places were absolutely destroyed), which wiped out any hope of return on investment. As of tomorrow, 3 of the 11 units are vacant. Thank heavens that 10 of the 11 units are in a state that allows evictions, and as we hold no mortgages on these properties, the Federal eviction ban did not apply.
What's infuriating is that none of these tenants responded to any of our management company's offer to discuss mitigated rent. Just ignored repeated requests for a discussion and trashed the places.
So...yeah. People crack me up when they talk about just becoming a landlord and raking in profits. Not this pilot...