Comments on: WE GOT A RENTER!!!!

By: J. Money

J. Money — Wed, 31 Jul 2013 18:17:43 +0000

In reply to EJ. Oh WOW - that's freaky! Good for you though. We care the most for our own properties/businesses, ya know?

By: EJ

EJ — Tue, 30 Jul 2013 02:48:16 +0000

Congratulations that is awesome news. Thank goodness for great tenants hey! We had a couple of beauties in our old rental. had permission for one dog and then we found out they had three plus 8 puppies that they were just letting fend for themselves in 40 degree heat and no water! We “encouraged” them to leave pretty quickly. The agent had done a really bad job so I fired her and took over myself with much better success.

By: J. Money

J. Money — Sun, 28 Jul 2013 14:15:23 +0000

In reply to Relieved.

I don’t think you’re being negative, you’re being real :) And that’s exactly why I love blogging cuz we get to hear all different sides of the story with situations! So thanks to all of you who are stopping by and sharing – it helps out our little ecosystem here.

By: J. Money

J. Money — Sun, 28 Jul 2013 14:13:49 +0000

In reply to Drew.

I think you’ve put in way more time in this than most people already :) Which is great. No, I wouldn’t recommend it to the majority of people out there, but to some (with the right personality and skills) they’d def. kill it. Shoot, thousands every day are killin’ it in the rental game! The only reason we’re doing it right now is to a) learn and experience it and b) we aren’t in a position to sell yet. We’ll see how time changes our path here, but for the next 12 months at least we’re sitting still and learning. And doing so in our new home that we’re now in miles away :)

By: Drew

Drew — Thu, 25 Jul 2013 18:33:43 +0000

In reply to Relieved. @Relieved - You're my hero

By: Relieved

Relieved — Thu, 25 Jul 2013 17:06:14 +0000

Rick: Thanks for the info on no SSA garnishments. Read some of the other rules for beneficiaries and think I will report the little scam artist anyway so she can share some of the pain she has caused myself and others. Since she’s getting a free ride on our tax dollars I feel like she has scammed me TWICE! I also see a collection agency in her near future – they report to all 3 credit bureaus.

By: Relieved

Relieved — Thu, 25 Jul 2013 16:59:54 +0000

Drew: DON’T DO IT. Your thinking is correct. The stress level is high and expenses will likely exceed your estimates. They only go in one direction: UP – and guess what? Market rents do not go up proportionately. Also factor in tenants who don’t pay and the laws that protect them, written by state legislators who are the attorneys representing them! Also don’t forget you won’t have 100% occupancy all the time. I would never, ever do it again, and when the market recovers may yet bail. Not to be negative and don’t you all start beating up on me now, but Drew asked and I am giving him my honest opinion and the wisdom I have gained over the last 7 years. It is very difficult to make money this way.

By: J. Money

J. Money — Thu, 25 Jul 2013 01:08:57 +0000

In reply to Pauline. That's all I need!

By: J. Money

J. Money — Thu, 25 Jul 2013 01:08:38 +0000

In reply to Rick. Sorry to hear man, that sounds like a nightmare :( Thanks for popping in there, Rick.

By: J. Money

J. Money — Thu, 25 Jul 2013 01:06:57 +0000

In reply to Kristie.

NICE!!! That’s the one thing we were missing from our other original applicants – the handyman’ness of them :) You’re very fortunate to have someone who knows how to do all that and more importantly, WANTS to! Haha… Hooray for us!