Some of these landlords also have mortgage on rental property, one of my friend had a rental property, i think he was netting $100 a month. The rest went for mortgage, property tax, maintenance and property management person. He sold it in 2014.
I don't think he could have absorbed 12 month + of non rent payment and pay all those expenses out of his pocket.
I don't think he could have absorbed 12 month + of non rent payment and pay all those expenses out of his pocket.