Financial Management Problems

[Sylvia B.]

Quite often we read on BP about tenants who don't pay their rent on time, for whatever reason. The kids are sick, the car needed repair, pay day comes after the rent is due, etc., etc. Generally, it boils down to poor money management. There is nothing set aside as a cushion for when life happens. For many, that is why they are tenants rather than home owners. 

I expect that those who invest their money rather than spending it all, such as landlords, know better. So I find great irony in the complaint, "If my tenants don't pay on time, I can't pay my mortgage." 

Perhaps my expectations are misplaced. :-)