Becoming a landlord is challenging, but living as a landlord is even more difficult

Becoming a landlord is difficult, but living as one is even more challenging.

No landlord can completely avoid the risk of vacancies.

If you've ever had to chase overdue rent payments for months, you'll understand how difficult it is to collect money that is rightfully yours.

Stress from money going out due to unforeseen leaks adds to the burden.

Rising property taxes can become threatening, potentially exceeding rental income.

Various skills are necessary, including negotiating with tenants and having a sense of interior design.

From changing light bulbs to bathroom renovations, floor repairs, and roof waterproofing, being a landlord can feel like an extreme occupation.

To consistently receive monthly rent payments, one must invest in a unique form of labor.

The image of a landlord leisurely playing golf while confirming deposited rent money may be an idealistic fantasy.

Property rental is not a source of passive income.

Comparatively, it's closer to earned income when compared with stock investments.

Source: From "Lifetime Investment Strategies That Never Run Out of Cash" by Park Sung-hyun

Nevertheless, there are likely people who still aspire to become landlords despite these challenges.

People who say such things, myself included, probably lack sufficient capital to become landlords or the ability to leverage property acquisitions.

Those who claim that living as a landlord is difficult, like the author of the above text, probably have the freedom to choose whether to become a landlord based on having enough capital.

If I had the financial ability to choose, I would prefer dividend investing over being a landlord.