After helping my father with his rentals when we were college students, my wife and I decided we never wanted to own rental units. The crap my dad put up with was unbelievable. I actually ended up serving papers for him a few times. And the filth people left behind I wouldn’t have believed if I didn’t see it with my own eyes.
As it turns out now, if we had them I think relatives would have been wanting to rent if we owned one, then things would get even stickier if they fell behind on rent/maintaining the premises.
Reflecting on it all, I think I might have owned rentals if my wife wouldnt/couldnt work full time. Having her deal with the phone calls to rent and maintain the properties would be a way to have her earn money while being at home. As it is, she works full time like I do so neither of us want to deal with rental hassles.
