Landlording Can Mean 3 am Phone Calls

"Landlording is no day at the beach," warns Lew Sichelman of MarketWatch to prospective vacation-home investors. "Are you ready to respond to a 3 a.m. phone call from a tenant whose water heater has sprung a leak? Do you have the mental toughness to toss a nonpaying tenant when she's crying crocodile tears on the courthouse steps? "