rental / landlord horror stories, page-4

"Missed rent, high maintenance costs, prolonged vacancies between tenants and in the end most landlords chuck in the towel. In most cases the only people who make good money out of lower socio-economic rental properties are the real estate agents."

Well I disagree with most of your comment.
1) Missed rent - yep it happens but because of your higher return you have a bit more of a buffer to either get rid of them or if they are genuinely good tenants that just have hit a minor hard spot to catch up over a period of time.
2) High maintenance costs - dunno where you get that idea, the most expensive thing I have had to replace is a hot water system and that goes for any property. Granted you do have the potential for getting a tenant that will trash a place - but that is still far from the norm.
3) The only people who make money out of property for virtually doing nothing are real-estate agents. Most people are more than capable of doing what real-estate agents do providing they don't stress about every little thing and have researched their rights and responsibilities.