Years ago I came up with what I call the “hassle factor”. That’s where taking on an investment or project is just not worth the hassle. I have a rental house, a few years ago there was an 8 month period where I received no rent because the renter lost his job, so it’s not all roses.
Also, I’m 70 and would rather have the money to burn rather have it dribbling in over 20 years.
As a landlord, I’ve learned it’s better to keep a good tenant, even if it means giving them a break on the rent. Over time you’ll save more money than if you constantly bring in new renters, and I guarantee they all won’t be ‘good renters’.
8 months. That is no good. I’ve been lucky to have had no down time in the last 8 years.
Even when Covid hit and we landlords were warned that we might have to forebear collecting rent if tenants lost their jobs, I still collected as my tenant was military.
So I guess I have been fortunate.