What was your biggest mistake starting out as a Landlord?

[Nathan Gesner]

We've all new to this game at some point. What was the biggest mistake you made when getting started? 

Did you discriminate against someone?

Did you find your lease in the bottom of a Cracker Jack box?

Did you let emotions rule when a tenant lied about going to grammy's funeral . . . for the third time?

[Corey Hawkinson]

@Nathan G. Not sure this was ‘starting out’ but my biggest mistake was being afraid to raise my rent. I made all the excuses to myself, mainly telling myself “You don’t want to lose a good tenant.”

Now, that statement is true, but by the time I raised rents through finding a new tenant the rent went from $700 to $1,100. Over the course of 5 years without raising rents I missed out on a lot of income.