Tell me what you hate about land lording

[Karen M.]

Lay it on me friends,  I want to hear what you hate about land lording.  What should I expect that is a real PITA?   I read in someone's post the other day that they hate land lording.  It is my goal to try land lording and purchase and run a rental property.   If you are a veteran landlord, which parts of it are the rough spots?  What are your hassles?   I know that good management can take care of a lot of your issues.  What should I be prepared for?  Thanks!

[Michael Noto]

Two things I have learned in the past 10 years that to me are most important:

1. Buy the property at a good price. Never overpay. Other deals will come around as a buy and hold investor.

2. Screen tenants in depth from day 1 and never sacrifice any of your guidelines for what you deem a quality tenant.

What's the worst part about landlording? People who don't pay rent of course.