Questions for current landlords

[K W]

Some questions for those of you already involved in this business:

1. How many hours per month do you estimate you spend managing your own property? (example: one 4plex)

2. What percentage of your tenants stay at least one year?

3. In your career, how many times have you had to sue someone or go to court?

4. What percentage of your tenants have trashed one of your units?

5. Describe "trashed" and the cost to repair.

Okay, I think that's it. We've been approved for a loan, but we are still hesitating about actually getting into this business. You all have been really helpful and I look forward to your answers.

Kathy