Those who self‑manage rentals, what’s been the hardest part for you emotionally? For me, it's feeling like you’re always on call. I've not been blessed with the best tenants. Constant late payments. Makes me want to sell my properties and just live in peace.

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Yep. Changing a lock, finding a plumber during our kids bedtimes, collecting overflown poop before the tenants move in.

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I self managed which really helped my cash flow for years, but it’s also the reason I sold the property and decided that passive SPY returns really aren’t so bad.

In my case, it was unsustainable

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The H&R Block folks - to confirm, they are accountants right?

I rent out high-end units and don't have any of these problems. I'd suggest investing in high-end units, and if not (obviously you already have units) then I'd hire someone to manage it.

funny

Hey OP- have you tried being rich?

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I sold it

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I was lucky to have property that had the margin to take on a property manager. Before I had kids I was fine being the landlord. I'm somewhat handy and my dad is even handier and was always willing to come help out. But then once I had kids suddenly I wasn't able to respond to a text promptly or find a vendor to come out and check on an electrical issue or a plumbing issue. Finally it was really starting to come down to sell it or find someone to manage it.

I had a tenant who demanded 5x rent in medical payments due to “mold” that made them and their pet sick. I had some major family events happening that same week, and it was a lot for me to deal with.

I evicted and won in court. But didnt collect any money.

The tenant I got afterward has been amazing

I hated being a LTR owner so we sold our LTRs and bought a vacation property that we use ourselves and do STRs. I find I’m more into investing in it and keeping it nice bc we use it too.

That said it is tough not knowing when something is going to go wrong. I have people to call to help but I’m still project managing it all on top of a job and being a parent. But the money is very worth it.

OP where do you live and have this property?

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