[where's_the_Outrage?]

I’m currently a landlord but use a management company because I live over 500 miles away. All the rental income I’ve supposedly received over the past year has been used to pay for storm damage (2 different events), I paid to replace the deck, a new stove, and currently have major leak to get fixed. Luckily I don’t depend on the rental income.

I tried to sell it a few years ago but after 8 months I rented it again.

I would not recommend using rental property for income as a senior.

[Harmless Teddy Bear]

We used to have a small management company and we specialized in landlords that had three or less properties. While they did not get big checks they did get anywhere from $800 to $1,400 passive income a month. Which was a nice little boost.

But that was the Before Times.

Now I would not recommend that anyone become a small landlord. The clients we kept are mostly people who are out of the country and plan to live in their houses when they return.

The rest told us to sell their rentals as they were getting out of the game.