I would be interested in learning what the biggest challenges you are facing in the business?

For me it is finding dependable help - but I am able to piece meal things to make them work

Combination of finding affordable help and deals that make sense. My most recent plan to divide up a commercial building I have under contract into 4 units may get torpedoed due to the high cost of electrical components. $70,000 minimum bid so far and it could go as high as $90,000. I was budgeting $30,000.

We aren't currently looking for deals at all. We have at least two ADUs that need finishing first - cheaper and easier and more profitable than a new deal. Good thing, because the deals don't exist right now. Not paying $200k for a trailer that needs a total rehab.

Right now, the biggest challenge is the lack of workers. I can't get repairs done.

Labor. Even at $20 per hour.

local factories are paying $15.+

Property tax increases. With the recent high sales prices the assessments went up, a lot!

Labor and material are my biggest challenge at this moment.

Ray-N-PA

Finding qualified AC companies. I fortunately have good long term relationships with most all trades so I have folks I can typically rely on. However getting things repaired promptly is getting more and more difficult. I dread some of my older folks retiring so I will agree that finding and keeping quality help is the biggest challenge.

Labor.

Forget getting 3 bids on anything. We pay whatever people want if they will just show up! We supply Gatorade, water, snacks and pay on the spot.

The young man who mows and weedeats for us gets $20/hour and we have to go pick him up and he uses our equipment! Before you gasp, this is much less expensive than hiring a landscaping crew. We paid $2,100 to have two trees felled and left on the ground.

We've been waiting since April to get 6 post holes dug in a backyard to start a fence. After 3 months we've finally found someone who will install a doggy door. We contacted a contractor back in February to replace the windows in a home and we are on the list for October. We paid 1/2 down for a well installation and we are looking at a 1 year waiting list.

My biggest problem seems to be putting all of the pieces of the puzzle together and making good decisions.

Besides that, labor and materials, mainly windows seem to be scarce. I really don't understand that.

If you hire a company, get ready to go bankrupt.

Does slow and steady win the race?

My biggest challenge is the broke city of Philadelphia. Has to pay its lazy officials and an army of unemployed residents. Will dip into landlord's pockets any chance it gets. Trash fee that used to be $50 per duplex and now $300. License fees $56 per unit. Imagined trash on the street (literally waiting for the trash truck to go through the backroad and spill the trash. The inspector comes out of the woodwork and tickets the homeowner on the same day). LeadSafe Certification requirement. $400 at least per unit every 4 years. LeadFree certification is available - technically - but the requirements are so stiff that no one can pass and the remediation costs thousands.

Phone is not ringing off the hook right now (figuratively speaking -- we don't do phone calls -- they have to e-mail us). I think most people that would be good tenants are staying "put" for the time being in this economic climate.

Finding qualified tenants has been the biggest challenge over the last two years. Many apply, but they don't meet our criteria of stable employment, rental history, credit history, or qualifying on income.

Just had one that boyfriend/girlfriend want to move in together. She has 2 kids, he is recently divorced with one kid. They wanted to rent a 1 BR apartment.

Neither one had satisfactory rental (her last landlord said she was a sloppy housekeeper, and the wear an tear on the apartment was excessive in a 1 year time span), or job history (change jobs every six months or less!). She works part time -- he made decent money, but then again, changing jobs all the time.

keeping up with the constant changes to the LL tenant law. cities have theirs, the county and the state as well. also being tormented by tradesmen of average skills wanting surgeons wages. I hold my nose and pay them now but will grind them small when the economy weakens.

keeping up with the constant changes to the LL tenant law. cities have theirs, the county and the state as well. also being tormented by tradesmen of average skills wanting surgeons wages. I hold my nose and pay them now but will grind them small when the economy weakens.