Thoughts of pooling water mingling with electricity crossed my mind: a catastrophe waiting to happen.
Thankfully, no one was hurt from this disaster.
Painfully, this experience concluded in evacuation and relocation of 8 tenants for 6 agonizing months. Not only did I stop getting rental income but damages to the property amounted to $90,000.
That experience alone could have ended my real estate investing journey – and it almost did.
Rather than cutting my losses and moving on with life, I decided to learn from it and grow my real estate portfolio the smarter way.
Rather than learn by trial by fire (like I did), take a few minutes now to learn what you can do to deal with a disaster in a more proactive and less stressful manner.
I hope my lessons from the trenches helps you grow in your real estate investing journey.
Do you have any tips for dealing with a real estate disaster? Share below.