Have had a lot of issues with my rentals this last year that cost me a lot of $. 2 tenants in California took advantage of the COVID+ moratorium (1 still is), Had to get lawyers involved and cost me 5k+. He wasn't paying rent and claiming COVID for a year+, when I filed him for eviction he lawyered up. Had to come to settlement that basically he'll only leave if I waive his missing rents. Lost 20k+ in rents, but glad he is out of there ultimately. Now, I'm turning over that unit (tenant left the place in shambles, didn't return the keys/garage door opener, made life as hard as possible) and got to find a good tenant.. I've had to evict in Ohio and it took a week and 300$. Evicting in California cost me 5k+ and several months, really strong tenant protections that it's just not even fair.
Other tenant in another property in California (inherited tenant when I bought the property 2 years ago) hasn't been paying, using COVID moratorium, and they won't let me evict in the county... There's literally nothing I can do to get him out at this time.
Property in Ohio has annual inspections. The city required a fix and my property manager was dragging their feet claiming storm/freezing weather etc. I ended up switching property managers (process takes a month+). I asked for a extension and eventually had the repairs completed. Didn't have the re-inspection in time (even though repairs were completed), and city was trying to charge me in court.. Attorney went and represented me, saying that repairs were already completed, checked off by city and in compliance. Court said didn't meet their deadline and their charging me with minor misdemeanor/ 200$...
So annoyed with everything going on that I rage sold a property (for decent profit)
Nice passive income until it isn't