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Join Date: Feb 2009
Location: Adelaide South Australia
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Being a landlord is fine but you must run it as a business. It's not and never is personal. You'll get used to it and when you do you'll ask yourself why you didn't do it sooner.
New landlords often get all wrapped up in the personal affairs of their tenants and end up in a mess so don't do it.

My worst story...

I few years ago I had a tenant that had just separated from her husband of 12 years move into a house I own.
She, 2 kids, the new boyfriend and a Golden Labrador.

All went well to start with but then I got a phone call in the middle of the night. It was my new tenant. Her ex husband had shown up at the house, kicked the front door in and punched the new boy friend in the face.
She only called me because she wanted the door fixed and hadn't called the cops so I did. She later complained I shouldn't have done that because her ex husband is now in trouble with the law!
It got complicated after this... Didn't want her ex to pay for the front door, late on the rent, didn't clean up the dog poo in the back yard etc.
So I didn't renew her lease. Did I feel bad? No!
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