LogFAQs > #936335533

LinkPizza posted...

It's not that. You should be able to afford what you're doing. As a landlord, you should have extra money for when something happens. Like a sudden move from a person, or death, or whatever. You should already know you have the money, as well. Because you also normally have to pay for any problems that come up. It's not about being rich. It's being able to afford the house you bought just to make extra money. If no one moves in, they can't just cry about not having a renter. They should buy it unless they can afford it... Especially if they have more than one. If you can't afford missing rent on one of the 10 places they own and rent, maybe don't own 10 places...

I would actually expect owners of more properties to be much worse off in a situation like the present. Mainly because it means far more expenses and administration. You wouldn't be able to have another job unless you just hired someone to handle your properties, which is six of one half dozen of another.

In fact, I thought we were talking about the owners of apartment complexes instead of some goober who has a bum in his basement or whatever.

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