Rental property questions

Ask Terry my next door neighbor she move to the city guess she couldn't get fingerprints off us to frame us

You must be luck to get ahead.
One bad renter can bankrupt you.

Only if I'm doing your job for you it like carrying your weight & ours KEEP LYING

I had ketchup on an upstairs bedroom ceiling.

Shit shoved down my toilet.

Chicken grease so thick on my kitchen cabinets that it softened the wood.

One dude punched a hole through my living room wall into my garage, about a 2x2 square. I have no idea why.

Kicked in doors, appliances, cabinet doors ripped off, and new flooring and paint.

My favorite would be the dude who put a filter way too small in my furnace and then lived there until the furnace burned up. Same filter.


Renting is a nightmare.

Sorry. Wish I could say otherwise. Stay clear of section 8 if you do rent.

I rented out a single family home just to break even and use it as a tax write off. One family trashed the place in six months, and repairs cost almost $15K that I couldn’t recover. I’ll never be a landlord again. If you do, I recommend a property management company- it isn’t a get rich quick scheme, and full of headaches. Cheers

Take my advice - find a different way of making money. It is frustration from hell.

The people of today are not like they were even a couple of decades ago. If you get a booger tenant they will completely destroy you. Even if you get a great tenant the profit margins aren't astronomical. What you will actually end up getting is a mixture of good (20%) - mediocre (50%) - and horrific (30%).

It simply isn't worth it you have too many people intentionally wrecking your property and giving you the dog ate my homework excuses every month when the rent is due.

Too many think that you are a 1%'er because you hustled and bought a property and they haven't managed to do so because they spend their money on frivolities like phones pot and videogames and yet they resent you for it like it is your fault.

If you are just dying to play russian roulette with being a landlord put the renters in a house that has a maximum of 5-10 years before you plan to remodel anyway - don't put them in a real nice house they'll just wreck it. I mean make sure things are clean and all work and stuff, but don't fix it up tip top shape and put a renter in there because the floors will all be wrecked, the kids will have drawn all over the walls, carpets destroyed, etc.You end up basically doing a mini-rebuild every time you have a tenant change.

And then apparently the CDC and other government agencies can now apparently make laws forbidding you from collecting rent it turns out. The next flu bug you might not be able to collect rent for 2 years as your tenant squats there for free how nice.

That is my advice.

Tons more downside to it I could go on for pages and pages.

Why so you can get rid of the evidence of camera most dont have to move for remodel to happen only skidos dont that


LISTEN FAT BITCH I AINT GOING FIGHT WITH YOU

Um video games the tenant money isn't the for themselves you fucking have weird wiring thinking money or tenants owe you an lifestyle

Over a decade ago I was a leasing agent for a 100-unit apartment building, and then when I moved I was an apartment manager for small apartment building in a different state. I used to want to own a small apartment building or two someday, but I've changed my mind because I don't trust people long term.. so I'm now going to own vacation rentals.

I'm selling my house to a family who are selling theirs at the end of this month. And some time after the New Year I'm moving down to Florida to buy a really nice house somewhere between Tampa & Orlando. I'm going to paint every room with an amazing mural or luxurious high end faux finish.

While I'm painting it and working on it, I will rent it out and manage it myself as an Airbnb. Then when I'm finished I will hand it over to a rental company to manage it for me.

I figure the higher cost market will keep out the degenerates that would damage or destroy it.

I owned a 4 family for 16 years and it was hell all the time. Renters know nothing about how a house works and have no interest in learning. They will continue to eff everything up and call you at 2am complaining.

^^^^ This is what I mean this a typical American renter. This is the caliber of person you are going to deal with frequently. Can't even patch together a rational sentence and you are going to entrust a 1/4 million dollar+ investment to them unsupervised. It isn't worth it the risk is far too great.

^^^^ This is what I mean this a typical American renter. This is the caliber of person you are going to deal with frequently. Can't even patch together a rational sentence and you are going to entrust a 1/4 million dollar+ investment to them unsupervised. It isn't worth it the risk is far too great.


I BET NOBODY TOLD YOU TOK FUCKING BAD TRUTH HURTS I AINT STRIKING YOU ARE CUNT

Glad we can live our life's without congratulate you doing fantastic job i mean it your property IDIOT

Yay get rich fast i hired a day timers while I life it up whisper Biden can your tenants do what your doing it only their right

Haha Biden triggered

I guess that’s true a lot of morans out there! Pretty sure this one is just trolling. I don’t even know what he’s saying...

Every State, every LOCALITY, is different.

Unless you have newer, high-end type stuff, it's damned hard to make money, AND you're always going to be on the hook for repairs, AND open to being sued for shit that's not your fault.


.

you cremated so you wouldn't be tied up

HELLO IT YOUR FAULT FOR DITCHING

Someone came up with a cool idea on a thread called supplemental income awhile ago fixing up old vintage campers and renting them on airbnb. I don’t want to steal ideas but that sounds pretty smart would be fun to. Might be better then properties... I just want a small trailer park with no trailers in my name rent to own them all out and just rent the space. Let the monkeys destroy everything they want lol

YOU SHOULDNT DEEDS IF YOU CANT OWN UP TO THEM

Am I in my 20s

Monkey climb cop will shoot nah audio on recap if your listening damn it maybe borrow my neighbor tunnel

HOW DID THE CAT GET OUT

First off you are fucking crazy to actually want to deal with renters.

I had a friend who made a good living off of quadraplexes, or buildings with four apartments. He had three renters and was fixing/updating the fourth apartment. He always had income unless he only had two renters. Then he was in trouble. I’m sure he’s a millionaire by now. The thing is, he worked all the time. No rest. Something broke he had to fix it or find someone that could fix it. He wouldn’t own properties in some states where he couldn’t evict someone for not paying rent.

Edit: Starting a business right now will be especially challenging, with the Democrats spending like drunken sailors inflation is going up like crazy. You will be lucky to get ahead of the inflation, it might take you years if ever.

Run the numbers, do the math. If you can’t do the math you shouldn’t be a landlord or even run a business.

Last Edited by A Jackson on 10/25/2021 02:27 AM

Like stealing an refrigerator nice refer a friend letter

Maybe pick out long term materials that not $14 floorboards would do

HIRED A FUCKING CONTRACTOR THEN MORON SHAME ON YOU OH IT TOO MUCH ON HIM AS CONNECTED AS YOU ARE YOUR A BIMBO IN DISGUISE

Don’t bogart that joint!

in the northeast, right now is really hard to find a good airbnb....my friend had 5 kids; now all moved out; she was about to sell her home cause she couldn't make the payments, but then she turned the rooms into airbnb, and literally, the moment one becomes available, they get snapped.

Here is the trick---there are forums on facebook where healthcare workers are looking for rooms, and she posts there, and she gets "tenants" that are responsible and pay their rent.

She tried it with students, but that didn't go so well; i think the idea is to be in a market where there is an influx of healthcare workers and cater to them.

Los Angeles owe me a window frame he already owe me blood