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Yep, we've all got different stories but have all had hassle.
When I worked out (after 5 years in the emotional wilderness) that it was the f'ing LA that caused me my problems (after trusting them to do the right thing) I could move forward.
Your plumber gave you some good advice there, and PT being a positive place we pass on that info to others that are going through that 'steep learning curve' that is experienced by all LL's at some point in their career.I'm guessing you learned a lot from that experience and because of it put in place emotional/physical/business checks in place so that the chances of it happening again are greatly reduced, as we all have.There's stories on hear that have made my hair curl!
I did learn a lot and I have had a few occasions to remind myself of that advice since
It helps to separate the tenant from the property in my mind. I do my best for the tenant but if their problems are too great for me to manage then at least I know the property will remain in my ownership to be fixed up and re-let in due course
Hopefully the OP will reflect and come to the same conclusion as well.
That's really good advice.
I think I will have to see how I feel once this nightmare is over.
I may just give the house to my children and let them decide what to do with it. Retirement should be a time for relaxation, not stress.
It is really helpful to read other stories and I am so glad I found this site and realise that I am not alone.
When I set out in life I could have settled for a quite life 40hrs a week working for the government for 40 years bought a house and had little or no stress
i chose not to take that route
I enjoy a bit of stress it gets me out of bed in the morning and it makes my brain work
but it’s not for everyone if your in this game out of choice that’s fine if your not it’s not fine
I have sleeplessness nights but I won’t be beaten
I worry like others but if I take action the worry goes
so take action
best of luck
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Thank you dyslexic landlord (great name!). I like that attitude of thriving on a bit of stress. I used to be like that a long time ago, life just grinds you down sometimes though.
"I have sleepness nights but I won't be beaten" - I'll have to try and adopt that mantra!
"Real problems can always be solved. It is only the imagined ones that seem insurmountable".
That's definitely me at the moment
I can honestly say that the stress of being a landlord never goes away. I am 22 years in. I have already cancelled my Christmas again this year due to a number of things coming up on me at the same time. Do people realise how rubbish being a landlord can actually be?
I am currently dealing with:
1) Empty house that I am having to refurbish due to the usual crappy state the tenant left it in.
2) A tenant who was buying a house from me calling up today to tell me that they had just changed their plans and were now relocating and will be leaving over the Christmas holiday - cue number 1 all over again
3) Another tenant sending me an image of their boiler leaking this evening telling me that it loses pressure and then cuts out and that it has been like it for ages and apparently I knew - I didn't. This sort of bare faced lie is like a little kick on the end of what is already a punch in the face and really infuriates me.
4) A benefits family that haven't quite yet managed to sort out their October rent yet due to a cut over from HB to UC which simply meant that their payment stopped - thanks Government.
5) HMRC are now investigating me.
The worst thing is, unlike a job, I can't just resign and walk away.
Blimey James! How do you cope then? Is it just a 'job' and so you are detached from a lot of the stress? That's been the good advice I've had on this thread from a number of people. Your point about the lying is spot on though. It's the lying that's got to me more than anything. I hope you manage to have a nice christmas despite what you say.
Tenant selection is the real key to keeping the whole experience as stress-free as possible. Always meet the tenant, and if you're not sure, don't let to them. I'd rather have an empty house for a bit than a wrong 'un!
Problems will occur, that is a given. Only some of them you will be able to control such as the actual property itself. I try and pre-empt problems by regularly making sure the house is operating as it should and making sure the tenant tells me if something is wrong in the house. Never give them negative feedback about something going wrong otherwise they may not do it again!