Gosh, it is so cool to own a little rental property!

It’s (normally) growing in value, it’s a forced savings so you’re not tempted to spend your down-payment and growing equity on doo-dads and bright shiny things, your great tenants are paying your mortgage down every month, you can keep more money in the family budget every year because of the savings on your taxes, you will have nice passive cash flow from now through retirement, plus you’ll have something of value to leave to your loved ones or favorite charity. 
 
Sweet! 
 
But it takes constant vigilance to keep the property in good repair.  On the front end, it can be painful when you’re shelling out remodeling bucks.  But upgraded properties = an improved tenant clientelle, an improved qualify of life as a landlord, an improved quality of life for your tenants, plus the value that will be added to the neighborhoods where your properties are located are all immeasurable benefits!  Good landlords add a lot of value to the communities where they own property.  It’s the ONLY way to do business as a landlord. More…