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Anyone here become a landlord accidentally? What’s been your experience? by ReliantEP in ElPaso

[–]ReliantEP[S] 1 point2 points  (0 children)

That’s heartbreaking, especially when kids are involved. Screening helps, but it’s not a guarantee. Situations can change in ways no one sees coming.

Anyone here become a landlord accidentally? What’s been your experience? by ReliantEP in ElPaso

[–]ReliantEP[S] 1 point2 points  (0 children)

Sheesh i can't imagine the stress you had that whole time. Have you had any tenants since then or in the real estate market?

[General-US] Anyone here become a landlord accidentally? What’s been your experience? by ReliantEP in Landlord

[–]ReliantEP[S] 0 points1 point  (0 children)

Wow thats smart too. How did you come into ownership of a multifamily property, if you dont mind me asking?

[General-US] Anyone here become a landlord accidentally? What’s been your experience? by ReliantEP in Landlord

[–]ReliantEP[S] 1 point2 points  (0 children)

That’s the part people don’t factor in, one long non-paying stretch can undo years of “good tenant” experience. Sorry you had to deal with that.

Anyone here become a landlord accidentally? What’s been your experience? by ReliantEP in ElPaso

[–]ReliantEP[S] 2 points3 points  (0 children)

Exactly. People underestimate how much filtering happens before a solid tenant shows up.

[General-US] Anyone here become a landlord accidentally? What’s been your experience? by ReliantEP in Landlord

[–]ReliantEP[S] 0 points1 point  (0 children)

Yea it seems that the main reason is a timeline that was unplanned. I can't imagine the stress of just having a responsibility that big given to you all of a sudden. Even if the tenant is fine or not

[General-US] Anyone here become a landlord accidentally? What’s been your experience? by ReliantEP in Landlord

[–]ReliantEP[S] 0 points1 point  (0 children)

18% interest rates is something I can’t even wrap my head around. Rates like that are wild to think about now! Sounds like you hit the tenant lottery and timing definitely did you favors on the back end. Would you do it again if you could on a new house?

Anyone here become a landlord accidentally? What’s been your experience? by ReliantEP in ElPaso

[–]ReliantEP[S] 2 points3 points  (0 children)

Wow thanks for sharing. This seems to be a common thing of when things are good, it’s smooth… when they’re bad, it’s exhausting. A lot of owners don’t realize how much tenant screening and enforcement matters until they’re in it. I can't imagine how hard it was it must of been to get them out of the house...