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As may possibly possibly have already guessed, all these things happened to me, as soon as i had amassed 26 rental properties. In fact, oftentimes, all with the problems happened in sneakers month. Now, for awhile (when I about 10 houses), 1 person neglected to pay rent, I could cover it with the nine other payments. But when two, three and sometimes even five tenants didn’t pay in issue month, this devastating to my business concern. I had to pay a visit to my business account and pay more than $3,000 during a time in mortgage payments, with no income to hide it. Plus, I had to pay real estate management company to get my tenants to pay or to evict these kinds of.

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Soon, this became the norm, not the exception. There were constant problems at my houses. Unhappy tenants brought about poor repair of the property and far more maintenance conditions. About one year, after I had amassed 26 houses, I started having problems with roughly 10-15 houses and/or tenants few days. I was evicting at least two tenants each month, and approximately four to seven tenants were either behind on rent or not paying almost all. Promises were made, payment plans arranged and few, if any, ever followed by using.

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