I hate my rental house

[rbeau30]

That's the wrong attitude for a rental. Rentals are for making money, period. Stuff is going to get broken and trashed, guaranteed. If your heart is attached to your rental (like if it was your first home), it will be very difficult for you.

I suppose. I mainly would keep tabs on it for documentation.

I am sure there is ways for tenants to screw over landlords. If you know the soonest when there is a problem, you can start documenting the problems and perhaps fair better in court. (thus loosing less money) I am assuming being a landlord is going to get you in court more. Would be nice to appear before a judge with documentation in hand.

I would not be attached to broken stuff. When that broken stuff starts making me loose money that is a problem. When they start destroying more than the deposit pays for isn't it time to let them move on?

[Monky]

My neighbor has been renting out her house while she pursues her goals working in Cali.. the first set of tenants she had TRASHED the house. White couple, late 20s... the dogs and cat ruined the floors.. peed on EVERYTHING.. the house smelled like an amonia factory.. howTF do people live in that.

She kept their deposits and they're suing her for keeping their money as they don't feel it was that bad.. they wouldn't come for a walk through. I know I'm going to get called to testify about their little shit head dogs..

[Irving]

I suppose. I mainly would keep tabs on it for documentation.

I am sure there is ways for tenants to screw over landlords. If you know the soonest when there is a problem, you can start documenting the problems and perhaps fair better in court. (thus loosing less money) I am assuming being a landlord is going to get you in court more. Would be nice to appear before a judge with documentation in hand.

I would not be attached to broken stuff. When that broken stuff starts making me loose money that is a problem. When they start destroying more than the deposit pays for isn't it time to let them move on?

Most of what you said here is true. The problem is that if someone is trashing your place, even if you "win" in court, they don't have any money for you to recover anyway. It's very important to build up a safety net with a rental, because you WILL need it.

[rbeau30]

Most of what you said here is true. The problem is that if someone is trashing your place, even if you "win" in court, they don't have any money for you to recover anyway. It's very important to build up a safety net with a rental, because you WILL need it.

Yeah, no blood from a turnip.

[Dave_L]

Rentals can be great but they can also be a big downer. I'd rather do fix/flips then have rentals.

[Jer]

Rentals can be great but they can also be a big downer. I'd rather do fix/flips then have rentals.

That's how I started and once flipping slowed down I became a landlord. Once that start slowing down I became bankrupt. Wee real estate investment!

[CO Hugh]

I have managed rentals before, and only occasionally had problems. The biggest thing is the background credit check. You also don't want to be a slum lord, cheap places poor aesthetics or you wind up with crappy tenants. It is important to set the tone at the first communication that you are in charge and the tenants are not.

[Lex_Luthor]

People are disgusting. I'll toot my own horn for a second though, because my wife and I are renting (hopefully will be getting our own house in the next couple years) and we've taken very good care of the 2 houses we've lived at. She cleans EVERY DAY. I've also volunteered to help fix our current place up. If our LL buys the materials or reimburses us the following rent payment, I've fixed up a lot of stuff around the house. Our house is NOT in great condition, but in exchange for a very reasonable price, I have no problem helping out with labor.

It blows my mind how people could live in squalor. Blech

[ray1970]

I thought now was a good time to sell a house?

I say get rid of it, make a quick bit of money and move on.

[Gman]

I thought now was a good time to sell a house?

I say get rid of it, make a quick bit of money and move on.

Big time.