Not keeping a buffer that covers any upcoming bills in an account from which bills are automatically paid is deranged behaviour. I don’t care how much interest you may or may not get on that money.
Yeah its even bad landlording practice. You budget in a 20% buffer in the requested rent payment over the costs to own the rental property in case of late/missed rent payments and for ongoing repairs. If you as a landlord have expenses bouncing you’re doing something very wrong!
Not keeping a buffer that covers any upcoming bills in an account from which bills are automatically paid is deranged behaviour. I don’t care how much interest you may or may not get on that money.
Yeah its even bad landlording practice. You budget in a 20% buffer in the requested rent payment over the costs to own the rental property in case of late/missed rent payments and for ongoing repairs. If you as a landlord have expenses bouncing you’re doing something very wrong!
I agree, trying to optimize gains on every dollar sounds great until one overdraft fee knocks out years of work.
Penny’s Will needs to know about the black hole.
People who inherit things and don’t understand what it took (from themselves and worse, from others…) to build those things -
These people have, definitionally and usually irrevocably, deranged behavior.
Accordingly, among all the other things they do, these people often do hilariously (except for the real costs) stupid things with what they inherit.