So, you wanna be a landlord….

The realities of dealing with a nightmare tenant

 

By Buddy Kane

 

 

 

For those of you that read “Rich Dad, Poor Dad” and utilized this playbook to acquire rental properties prior to Covid, interest rate hikes, and the vanishing of real estate inventory, Bravo! You’ve done well in acquiring rental properties that now command increasing rents and low vacancy rates. It’s good to be you. Life is even better when using other people’s money to pay your mortgages down while collecting cashflow from a hard asset in an inflationary environment. Not to mention the eventual capital gain potential over the long term. This is the good news.

That being said, it’s important to be aware that every sparkling…

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Sometimes, as much as I prioritize self-awareness and looking inward, I still manage to surprise myself with a struggle I don't see coming. My recent focus on building up my Real Estate career has shown me some flaws in my perception of work, and specifically my own self-worth regarding the type of work I'm doing. 

I make stuff; welding and metalworking, woodworking, I make furniture and fixtures, I repair machinery and motors. I absolutely love it. What brought me back to Real Estate and drives me to keep at it is its ability to let me hold on to all those things I love as hobbies. I find that supporting my family by building things doesn't allow me to take joy from it like I did before I went into business for myself. Enter Real Estate, it…

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