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re: Any rental nightmares?
Posted on 5/4/14 at 8:58 pm to LouisianaLady
Posted on 5/4/14 at 8:58 pm to LouisianaLady
If you do your homework on the front end, you save yourself a lot of headache down the road.
1
Posted on 5/4/14 at 9:30 pm to Geekboy
quote:
Any advice is appreciated
Is this high end rental? If not, take my advice......don't do it.
Posted on 5/4/14 at 9:30 pm to Hammertime
Short term summer rental would mean larger security deposit in my mind. If they don't plan to stay for very long what's the incentive to keep it nice?
If it were a yearly rental I'd say I e months rent is good.
If it were a yearly rental I'd say I e months rent is good.
Posted on 5/4/14 at 9:33 pm to eng08
My best friend is a lawyer. He has about ten rental (residential) properties.
He has said that being a practicing attorney is the only way he would be in the rental business.
Me?
Never.
Good luck.
He has said that being a practicing attorney is the only way he would be in the rental business.
Me?
Never.
Good luck.
Posted on 5/4/14 at 9:34 pm to boosiebadazz
My current rental property nightmare from Mon. tornado in MS. I called the lady that lives there a couple of hours after the tornado. She said power is off and couple of trees are down next door but the house the house is OK. She acted like it was no big deal.
I saw this on the news a little bit later and said WTF that's my rent house driveway where the pole is laying in the street.
Back yard
I saw this on the news a little bit later and said WTF that's my rent house driveway where the pole is laying in the street.
Back yard
Posted on 5/5/14 at 8:10 am to weadjust
Ahhh, the joys of owning rental property.
My thought is you don't own it, it owns you.
Do you get a return on the investment? Sure. But at the cost of always having risk and your attention on it. There are less bothersome ways to make the same amount of money. My opinion.
Glad no one was hurt there. You could have been prepared to defend yourself had someone been.
My thought is you don't own it, it owns you.
Do you get a return on the investment? Sure. But at the cost of always having risk and your attention on it. There are less bothersome ways to make the same amount of money. My opinion.
Glad no one was hurt there. You could have been prepared to defend yourself had someone been.
Posted on 5/5/14 at 8:16 am to Geekboy
let someone else handle the rental, my first renter: hung himself in house due to being $20,000 in debt, second renters were deadbeats who destroyed house, lost house
Posted on 5/5/14 at 8:18 am to haveagreatday
best renter: elderly nice lady
worst renter: elderly hoarder
worst renter: elderly hoarder
Posted on 5/5/14 at 8:24 am to haveagreatday
I'm paying $1200 for a new AC this month. That's the kind of fun you can have with a rental.
Posted on 5/5/14 at 8:30 am to haveagreatday
Sister rented her house to a guy at Barksdale. Not sure of his rank but it was pretty high so you would think he is a decent respectful person. The POS had two dogs in the house, one was a pit and one was a chow, and after 8 months he and the dogs had destroyed the house. The dogs used the bathroom in one bedroom, chewed holes threw the walls, chewed parts of the counter tops in the kitchen. He had a fish talk also that busted and ruined the wood flooring in the living room. I can go on and on with this guy.
Rent to an old lady, just my .02
Rent to an old lady, just my .02
Posted on 5/5/14 at 9:03 am to Geekboy
quote:
Any advice is appreciated.
No. Section. 8.
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