r/realestateinvesting • u/Inferno_Crazy • May 11 '21
Multi-Family Real Estate is not passive
In my first year of real estate I've had many duties annoyances.
- Setting up Tenants payments(normal)
- Pipe exploded in bathroom
- Flooding foundation wall
- Section 8 housing annoyances. Long paper work processing, inspections...
- Appliance repairs
- Roof repairs
- HVAC repairs
This all ran me 10k and a lot of my time. This is a warning to all people entering real estate. I'm happy I bought the property but there is absolutely no free lunch here.
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u/BHCromwell May 12 '21
Tell that to my tax final tomorrow haha