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As you may have already guessed, all of these things happened to me, after Experienced amassed 26 rental properties. In fact, oftentimes, all of conquered happened within same month or two. Now, for awhile (when I had about 10 houses), 1 person don't pay rent, I could cover it with the nine other payments. An excellent two, things sometimes even five tenants didn't pay in the same month, it was devastating to my corporate. I had to go to my small business account and pay a lot as $3,000 several times a day in mortgage payments, with no income to pay it. Plus, I for you to pay a property management company to get my tenants to pay or to evict them.

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Soon, this became the norm, not the exception to this rule. There were constant problems at my houses. Unhappy tenants triggered poor upkeep of the property and a lot maintenance challenges. About one year, as i had amassed 26 houses, I was having issues with roughly 10-15 houses and/or tenants 7 days. I was evicting at least two tenants each month, and approximately four to seven tenants were either behind on rent or not paying whatsoever. Promises were made, payment plans arranged and few, if any, ever followed all the way through.

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