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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5 CommentsLeave a Comment

  • Jim Johnson

    How about when you’re just tired of working with tenants and would like to put your money under your mattress but realize that if you do sell you’ll lose a very large part of your profit (profit?) and you’ve just been working all these years so you can send O’Trauma on another vacation…oops…Dip-lomatic Junka.

  • Seth Williams

    Lol – I’m sure you’re not the only person in that predicament Jim. :)

  • Bob @ effinglandlord.com

    Seth is right, Jim. We all get tired of dealing with tenants sometimes, but that’s the only really difficult part of the job. As I see it, you have a choice: either whine about Obama and how unfair the world is and then get back to work, or just get back to work. As for selling out and stuffing the money in your mattress, there’s absolutely no profit in that, and no write-offs either.

  • Sheryl Holland

    I love this — with exception of the use of Mitt Romney in #3 — I’d rather not have to see his face ever again. And for all you Obama dissers out there, the man is at the helm of a remarkable recovery. haven’t been so sound since 2003, the market hit a record 18,000 on 12/23/14. The real estate “junk mortgage” crisis and subsequent devaluation of our property holdings occurred while the Republicans were in charge, and is reflective of that ethos.

  • Nanette

    2 3 6 9 10 13 and 14. 9 and 13 are my favorite….those are great. Sometimes tenants take you through the ringer that’s for sure. Going forward I am using the tools available through Cozy to make sure bad tenants don’t move in!

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