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As you could potentially have already guessed, everyone of these things happened to me, pictures had amassed 26 rental properties. In fact, oftentimes, all of the people problems happened in identical shoes you wear month. Now, for awhile (when I'd about 10 houses), if person still did not pay rent, I could cover it with the nine other payments. But when two, three and sometimes even five tenants didn't pay in specifically the same month, features devastating to my enterprise. I had to check out my business account and pay of up to $3,000 at a time in mortgage payments, with no income to it. Plus, I to be able to pay real estate management company to get my tenants to pay or to evict these folks.
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Soon, this became the norm, not the exception to this rule. There were constant problems within houses. Unhappy tenants contributed to poor upkeep of the property and far more maintenance trouble. About one year, after I had amassed 26 houses, I have been having issues with roughly 10-15 houses here and/or tenants each week. I was evicting at least two tenants each month, and approximately four to seven tenants were either behind on rent or not paying just about all. Promises were made, payment plans arranged and few, if any, ever followed through.
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