Actress Lee Hae-in reveals struggles of being a landlord: 'Thought I wouldn't have to work'

South Korean actress Lee Hae-in has spoken out about the unexpected financial realities of being a landlord, revealing that her experience differs greatly from her initial assumptions.

"I thought I would become rich once all the vacant units were filled. I thought I could live without working, just earning living expenses by owning a building," Lee Hae-in shared on her social media. Her comments highlight a common misconception about property ownership providing effortless passive income.

Despite efforts to reduce vacancies from six to two units, Lee Hae-in explained that she still faces a monthly shortfall. While the remaining vacancies theoretically require only a small personal contribution, the reality of delayed rent payments means she is currently covering between 3 million and 1 million won (approximately $2,200 to $730) out of pocket each month. This situation underscores the complexities and ongoing costs associated with property management, even when occupancy rates improve.

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I thought I would become rich once all the vacant units were filled. I thought I could live without working, just earning living expenses by owning a building.