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As maybe you have already guessed, all of the following things happened to me, after Got amassed 26 rental properties. In fact, oftentimes, all these problems happened in specifically the same month. Now, for awhile (when I'd about 10 houses), 1 person would not pay rent, I could cover it with the nine other payments. However, when two, three and sometimes even five tenants didn't pay in your month, has been devastating to my business. I had to go to my business account and pay a great deal as $3,000 at once in mortgage payments, simply no income pay out it. Plus, I had to pay real estate management company to get my tenants to pay or to evict them.


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Soon, this became the norm, not the exemption. There were constant problems within houses. Unhappy tenants took poor repair off the property and significantly maintenance conflicts. About one year, after I had amassed 26 houses, I got having issues with roughly 10-15 houses and/or tenants 7 days. I was evicting minimal of two tenants each month, and approximately four to seven tenants were either behind on rent or even otherwise paying almost all. Promises were made, payment plans arranged and few, if any, ever followed through.


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