Although investing in rental properties can be a lucrative strategy for building your nest egg, it’s not without its downsides. One downside is difficult residents. Although most will be likable and easy to deal with, you might have to deal with problematic residents. If you’re prepared for such situations, you’ll be better able to handle them effectively and fairly. As a rule, it’s always best to avoid acting out of anger at any time. Angry encounters are more likely to resu

Summer is a common time for rental leases to end, which often leads to a high turnover rate. This creates a busy and stressful time for property owners and landlords who have to inspect and make repairs on their properties as well as market them to fill any vacancies. The costs of high turnover can be substantial, and property owners need to plan and be prepared to weather the storm. Turnover costs When a resident moves out, you could lose that month’s rent — and more if the