Yup, totally agree. Renters are ready to take advantage of anything you can offer. They will come into your house that you worked hard to rest up and they will wreck the bejisus out of it. Every weekend I was there fixing a clogged toilet, looking a wet floors and walls in the kitchen. Just looking at my first big investment rot away.
In the end I broke even and I got out of that business. That’s a single people sort of work. It feels much like changing people’s diapers. Like the renters I got blessed with were lazy lazy people.
But then what is said is very true. I bet they could not afford to own a house so they end up stuck having to pay most of their earnings for a place to live. It becomes this vicious cycle where they don’t care about the house and expect that the property will be repaired and always like-new for them. And unfortunately it’s just not. A house depreciates, gets old and breaks down the minute you start living in it.
My renting experiences were actually mostly positive. It’s the last renter I had that made me throw in the towel. My full time job takes me to a lot of high rise apartment buildings and I see what they go through. Most tenants are decent people but the few bad ones and their friends mess it up for everybody. I’m seeing very slimy property management companies from out of state buy buildings here because it’s relatively cheap. Crooked HVAC companies are just as bad. I wouldn’t want to live in most of the places I visit
Yup, totally agree. Renters are ready to take advantage of anything you can offer. They will come into your house that you worked hard to rest up and they will wreck the bejisus out of it. Every weekend I was there fixing a clogged toilet, looking a wet floors and walls in the kitchen. Just looking at my first big investment rot away.
In the end I broke even and I got out of that business. That’s a single people sort of work. It feels much like changing people’s diapers. Like the renters I got blessed with were lazy lazy people.
But then what is said is very true. I bet they could not afford to own a house so they end up stuck having to pay most of their earnings for a place to live. It becomes this vicious cycle where they don’t care about the house and expect that the property will be repaired and always like-new for them. And unfortunately it’s just not. A house depreciates, gets old and breaks down the minute you start living in it.
My renting experiences were actually mostly positive. It’s the last renter I had that made me throw in the towel. My full time job takes me to a lot of high rise apartment buildings and I see what they go through. Most tenants are decent people but the few bad ones and their friends mess it up for everybody. I’m seeing very slimy property management companies from out of state buy buildings here because it’s relatively cheap. Crooked HVAC companies are just as bad. I wouldn’t want to live in most of the places I visit