For the last 4 years I have owned a 4-plex rental property with a business partner. In the 4 years that we have owned it we have:
- dealt with 2 evictions
- been to small claims court 3 times
- had 6 checks bounce
- had our “address lost” 7 times (the address rent was supposed to be mailed to)
- had the police called 10+ times (usually drug related)
- had two people abandon the property leaving all of their possessions behind (including used condoms)
- had people take the bus to our personal house to pay rent….2 months late
- have heard more stories and broken promises of money we could expect at the “next paycheck” than I have heard in my entire life. Continue reading
