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Comment by goostavos | Hacker News Reader

How often does that realistically happen though if you've just got 1-2 properties?

I've been thinking a lot about buy an investment property, but the mixed workload reviews makes me hesitant

I have a total of four rental units. In the past year, I've been called out to fix something three times. Each issue took about 15 minutes to resolve. I could have hired a handyman for these jobs but it was cheaper and quicker to do it myself.

Most people are afraid of rental properties because it's out of their comfort zone.

Working a W2 job, socking money away in a 401k, and retiring at 65 = normal, safe, responsible, respectable.

Working a W2 job, slowing accumulating rental properties, fixing a toilet once in a while, and retiring at 45 or younger = deviant, risky, naughty.

Here is the way I do it and it takes all the workload out of it. I buy Home Warranty, not just for the purpose of reducing the cost, but the convenience, once something break, I don't have to find a proper contractor and do all the work. I just go their website, fill a form and put my tenant number in there. nothing else for me to do.

I haven't been to my property in 2 years(probably not the greatest idea though)

Over the course of 20 years, you will have modest years that seem pretty reasonable, and you will have ridiculous years that tip the whole balance negative.

My partner had been renting her house out for about 5 years with the usual annoyances, when the newest tenants left a cabinet on a cord that after a few months started an electrical fire that torched the place. No one was injured and it was (mostly) covered by insurance, but it was still 6+ months of dealing with all the claims and repairs and getting it back into shape. And to top it off, the tenants took her to small claims court for the security deposit! (They lost.)

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