This is an AI translated post.
[Investment Story] Insights from Being a Landlord
- Writing language: Korean
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Base country: All countries
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- Economy
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Summarized by durumis AI
- After 10 months of starting a rental business, I have gained peace of mind with rental income, allowing me to focus more on work and increase my personal time.
- Directly managing the building and learning to replace shower hoses, change light bulbs, and other maintenance tasks provides a sense of accomplishment.
- Minor adjustments with tenants, late rent payments, and other unexpected variables are stressful, but the satisfaction from the investment is high enough to be acceptable.
Landlord
It's been 10 months since I started renting out my property.
Although it's a building in the countryside, the monthly cash flow is equivalent to the salary of a large corporation.
I came across a real estate agency by chance, and the conditions were so good that I thought about it intensely for a month and proceeded with the contract.
I went ahead with my long-held dream of 'having assets that can generate cash flow', despite concerns from those around me that I should use the money to buy more apartments.
Peace of mind
Advantage 1
Looking back over the past 10 months, the biggest change I can point to is 'peace of mind'.
Having cash flow has significantly reduced my worries about how my actions at work are perceived by others.
For example, after the first company dinner since the pandemic, I simply went home after the first round of drinks.
When I'm working, I'm focusing more on achieving results and not worrying about unnecessary things like being mindful of superiors, protocol, etc.
Fortunately, my performance has actually improved compared to before, and I have more free time.
Providing small jobs
Advantage 2
Since it's my building, I'm learning how to do various repair work myself.
Replacing shower hoses, light bulbs, door locks, handles, switches, and even roof waterproofing work...
It's always gratifying and satisfying to see these small jobs done and come back home.
I may be free from work after leaving the office, but I feel a sense of accomplishment from managing my building.
Dealing with people is stressful here too
Disadvantage
I have to coordinate with tenants on minor issues, and there are various unexpected variables.
Rent being late, young tenants acting immaturely, having to pay for repairs, etc.
There's definitely stress involved in the rental process. It's work, so it's unavoidable.
However, the satisfaction level is high compared to the stress put in, so it's something I can accept.
I think it's a profitable business.
