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As you may already know, I was the victim of all these problems after I had acquired 26 rental properties. Many times, these problems occurred in one month. For click here , when I owned about 10 houses, if one tenant failed to pay rent, the nine other payments would cover it. It was devastating for me business when my tenants failed to pay their rent. Sometimes, I had three or four tenants. I had no income and had to pay $3,000 each month in mortgage payments. Plus, I had the expense of hiring a property management firm to get my tenants to either pay or evict me.
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This was quickly the norm, and not an exception. There were constant problems at my houses. Unhappy tenants led to poor upkeep of the property and even more maintenance problems. About one year, after I had amassed 26 houses, I was having problems with roughly 10-15 houses and/or tenants each week. I was evicting between two and seven tenants each month. Around four to seven tenants weren't paying their rents or were late. Promises were made and payment plans were arranged but few, or none, of these tenants ever fulfilled their obligations.
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