What’s the hardest part of being a property owner?

[Josh Otero]

Hi my name is Josh and I wanted to ask property owners, what’s the hardest part of being a property owner?

-Paying all the taxes, maintenance and insurance

-Finding a renter

-Worrying and wondering each month if the tenant will pay on time

-Fixes/repairs

-Other?

[Bill B.]

It’s kind of like asking what’s the worst part about not being a real estate investor?

Having to go to work when you don’t want to?’

Worrying everyday about getting fired for something out of your control?

Honestly 350 days a year I don’t even think about it. 12 days a year I wonder if everyone paid and if not will they pay, for about 30 minutes. And 3 days a year I spend about 30 minutes pondering a repair, rent increase or turnover choice. 

OTH. At least weekly I think about the the fact that someone else is going to work to give me 1/3rd of their money. Or paying off my debt, while I provide them with a nice house to live in instead of an apartment. 

Then there’s this glorious tax season where you realize how many things you get to deduct that others can’t, while sheltering your income with depreciation, and earning tax free income with appreciation. I truly feel bad for people who have to work instead of investing in real estate, especially those with kids. That’s why I try so hard to explain to people I meet every day the benefits. Along with the benefits of time with family and helping others.