Aye, there's the rub.When the property market is as hot as it's been
That type of planning is hard to do, especially in a down economy.Point is one has to plan for an empty property as well as repairs etc .
In my experience, tenants don't always follow the agreed upon lease terms, from giving 30 days notice or routine maintenance, leaky toilets and faucets, gas/electric payments, even keeping a phone number up to date with the landlord.
Having their boyfriend/girlfriend/family/friends move in with them got pretty rampant during the last downturn.
Boom, there goes your water bill.