--- In [email protected], Mike Hemeon <tvnetdude2...@...> wrote:
>
> WHY would you want to be a landlord?
>
older landlords (early investments)wiht little debt can provide a nice
return. It's when you overpay for a place and expect your rent to
cover your mortage, taxes, insurance, repairs and vacancy is when you
get screwed. Even more screwed when your tenant simply doesn't pay
rent nor move.
The new l-tenant judge said something like "...and there is no law
that says I can tell the landlord to let you live for free...
I forgot her exact words.
That;s why some landlords gladly accept housing vouchers. You get
anywhere from 70-90% of the rent or more on the first of the month -
no excuses. The rest you get from the tenant.
that;s why so many homes in ap were chopped up years ago into
multifamily homes - why gt $1k in rent when you get 5k in rent?
There;s pro's on cons on being a landlord. Sometime;s you're also
everyone's parent. people with well paying jobs also feel they don't
have to pay rent. You can have the "perfect" credit score and be a
terrible tenant.
Whne you get a good tenant (takes care of house, works, pays rent etc)
it's gold.
The real stimulus, apparently AP is going to do it (not sure thow they
expect to ocver the debt) is to reduce property taxes....
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