14 Emotional Roller Coasters You Might Experience as a Landlord

Written on May 27, 2014 by , updated on October 7, 2014

Emotional Roller Coasters as a LandlordAs any experienced landlord can tell you – owning rental properties can be an emotional roller coaster.

When you buy your first “income property” – you’re embarking on an exciting new adventure that is filled with ups & downs, highs & lows, and will help you to learn many important new life lessons.

In the end, you’ll figure out how to work better with people, become a better business person and juggle a lot of the challenges that come with owning and managing rental properties.

Shown below are a few examples of what some new landlords have experienced in their first 12 months of property ownership.

14 Emotional Roller Coasters

1. When you make an offer on a property, and your agent calls to let you know the offer was accepted:

when your agent calls and says your offer was accepted i.imgur.com hs7R2ad

2. The feeling of anticipation after you list your first property “FOR RENT” on Craigslist:

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3. When a prospective tenant says, “It’s none of your business what my credit score is.”

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4. How it feels to get your first property tax bill:

when you get your first annual property tax bill

5. When you get a call from the city’s zoning & compliance inspector:

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6. The first time you make a monthly profit:

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7. After 1 month of using Cozy, when you realize how much easier property management can be:

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8. When your tenant demands that you replace all the windows in your building:

when your tenant demands that you replace all the windows i.imgur.com HXNG13O

9. When you evict a tenant, and walk into their vacated unit:

when you walk into your vacated building i.imgur.com HgNolpz

10. When a bad tenant finally moves out of your building:

when a bad tenant finally moves out of my building i.imgur.com w04ZOfd

11. When you get in an argument with a tenant, and they question your competence as a landlord:

when you get in an argument with your tenant and they question your competnece as a landlord imgur.com EmA8iJS

12. When you see one of your old tenants in a public place:

when you see one of your tenants i.imgur.com ayW7dma

13. When your tenant trashes the place and asks for their entire deposit back:

when your tenant trashes the place and wants their entire deposit back giant.gfycat.com NeglectedPertinentAracari

14. When you meet a new landlord who tells you, “Oh, I don’t need to do a background check on these people.”

when a new landlord tells you they don't need to do a background check on their tenants

Can You Relate?

Which scene(s) can you relate to? Let me know in the comments.

photo credit: Lorenia via cc, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14
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