so you want to be a landlord? let me tell you why this job is depressing, here is a list of craps we went thru just this month so far..
1. a water drain pipe busted in a SFH, nobody knew, so we had standing water in claw space to pump out, we end up have to cut the floor, replace the main service line to septic and I decided to replace all the cabinets (not necessary but these old cabinets are pretty much all run down). cost $1300 in materials, and $1600 labor
2. water heater leak in a duplex, found the tank cracked, only 5 years old. replacement cost $400, labor 3hours.
3. drain pipe leak under bathtub in one SFH, can not access thru craw space, again have to cut the floor, new tiles, cost $150, labor 9 hours.
4. furnace down in a SFH, replace blower motor and safety switch, cost $200, labor 3 hours.
5. well pump fail in a 5-plex, had to replace the pump in 4 inch well and pressure switch, cost $800, labor $250.
6. flood, it was not cause by broken pipe, but by a tenant that we evicting, she moved out but intentionally pull stuff down the drain and leave the water run over night, so you know the rest of the story. labor 5 hours.
6. broken refrigerator, SFH, we have 1 in storage, labor to replace it, 1hour. repair, 1 hour.
7. broken microwave oven, SFH, it was a brand new whirpool, didn't even last 2 years. replacement cost $300.
8. a utility company power line down new SFH, they dig up the road, fill back but I have to finally clean up, cost 10 hours.
9. cross my fingers, hope nothing else go wrong, but here comes the winter......
so you want to be a landlord? let me tell you why it is depressi
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Wow, not easy
-juzi3108-
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11/17/2009 postreply
11:37:32
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thanks, I am not handy at all, I have 2 handyman on payroll
-jy101-
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11/17/2009 postreply
16:08:09
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Not easy, no pain no gain .....
-家庭煮夫-
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11/17/2009 postreply
11:46:19
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thanks, yes life is not easy, it is depressing....
-jy101-
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11/17/2009 postreply
16:09:30
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are you fixing things yourself
-sunskitehomes-
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11/17/2009 postreply
11:58:32
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thanks, I kept two people on payroll in the rental businses
-jy101-
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11/17/2009 postreply
16:15:59
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呵呵、、、拉动米国经济哈。
-老顽石-
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11/17/2009 postreply
12:57:10
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呵呵、、、你是大佬啦!
-jy101-
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11/17/2009 postreply
16:18:19
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你怎莫这麽多房子啊?怎莫管?肯定是全职?
-lcats-
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11/17/2009 postreply
13:39:28
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my wife and I own 94 units, we manage them ourselves.
-jy101-
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11/17/2009 postreply
16:21:05
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做地主真辛苦,也是我的感受
-ranch99-
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11/17/2009 postreply
13:42:43
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thanks, 30 units is a huge breaking point, you can be hands free
-jy101-
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11/17/2009 postreply
16:25:09
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Far away from 30 units.
-ranch99-
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11/17/2009 postreply
16:35:17
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No money comes easily.
-JustAsked-
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11/17/2009 postreply
14:08:24
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thanks....
-jy101-
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11/17/2009 postreply
16:26:57
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good luck for the whole winter.
-福龟龟-
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11/17/2009 postreply
15:56:08
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haha, everyyear we have 2-3 cases of water pipe frozen and buste
-jy101-
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11/17/2009 postreply
16:28:00
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Tenant complains a fridge died. Had to go there 4 times to fix i
-svll-
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11/17/2009 postreply
16:07:57
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haha, life of a landlord........
-jy101-
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11/17/2009 postreply
16:28:57
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Thanks for sharing.
-cultuslake-
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11/17/2009 postreply
17:19:20