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Updated 8 months ago, 04/06/2024

User Stats

25
Posts
15
Votes
Andrew O.
15
Votes |
25
Posts

Does owning RE question your sanity?

Andrew O.
Posted

Good afternoon,

I was just curious how everyone handles the stress of owning rental properties?  Owning RE sucks.  I own and manage 20 units all on my own while working full time with a family.  This past year has been rough with maintenance issues and things breaking, and right when I start to think things are getting better, I have to replace 4 roofs (1 is just a carport), an AC unit gets stolen, and a racoon destroyed an attic.  From all the quotes I've gotten, that's going to cost around $45,500 and it all needs to be done asap.  I don't know how the average person could afford this.  I'm not sure how I'm going to pay for it all quite yet either.  I'm in RE for the long game, but I don't understand how people make money off of rental properties.  It is always one thing after another.

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