Am I doing Something Wrong?

[Chris Bergeron]

Hello fellow landlords! I have 5 rental properties, and all of my tenants have been good so far. My tenants use section 8, so all rents are paid on time and usually have minimal issues.

My questions is, I am becoming frustrated because I have purchased these 5 rentals over the last 3 years, but I have nothing to show for it. I cash flow about $500 per property, so I should be seeing $2,500 profit per month. The problem is, the repairs and maintenance I am making to the properties is eating all of my profits. Every month something breaks and someone needs a new water heater, new stove, new roof, the list goes on and on. Not to mention paying someone for labor. I have made no profit at all in these last 3 years, in fact I often have to pull money from other accounts to pay for the repairs needed.  Am I doing something wrong? Am I too nice of a landlord?