As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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Saturday, 26 March 2011

Only one reason not investing in property for rental income

Just for Laugh ....

I am not their servant attending to the tenant's call to change faulty electric bulbs, attending to night calls of choked toilet, leaking taps, etc.

I don't even fix my leaking tap immediately. Sometime it will take days or weeks till I finally decided to end the nagging to fit it up.

What make me think that I need to respond to such call from the tenants to fix their leaking tap just because they paid me rental. No way, man! I just want to make money from investment in a fuss-free way. Don't Disturb Me. Get it? I am not the Servant!

3 comments:

  1. Hi CW8888,
    I use to have this extreme thinking:-
    "I am not their servant attending to the tenant's call to change faulty electric bulbs, attending to night calls of choked toilet, leaking taps, etc."
    So much that I dread to become a landlord.
    But my sister-in-law has been a landlady for more than 25 years and seems to be doing well. I have yet to hear from my wife that her sister has become a "servant to tenants of her property". i don't know how she does it, maybe she pays to housing agents to take care of all this unpleasant tasks.
    Cheers.

    ReplyDelete
  2. I have a friend who has to fly back to Singapore from US to settle some scores with the tenants. Probably it is just some bad lucks or what.

    ReplyDelete
  3. Yes, the No 1 rule is to select your tenants very carefully- just like selecting your shares to buy. But nothing is 100 % lol. Just don't be to eager in both endeavours.

    ReplyDelete

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