I have more vacancies than I have ever had in my 34 years in the rental business. I have 8 totally remodelled houses sitting vacant right now. The only people that try to rent from me have such troubled rental histories, that it is cheaper to sit on these houses and keep them vacant. This doesn't seem to make any sense, or does it?
Last year, my average damage claim of the 18 different groups and families that moved out of one of my remodelled houses was $8,450. So as long as these renters are not held accountable by the court system in a criminal way, I will just sit on my vacancies. You might wonder about my screening of these folks before they rent from me. Well, I have used 2 different screening agencies and also have done some myself, but it does not seem to matter. When things go bad for these tenants, usually the property takes the brunt of their anger or frustation. Due to the cheap cost of money nowadays, most of the good tenants have bought housing for themselves. I would challenge someone to produce just one good tenant with a good rental and employment history that is homeless. Steve Meldahl Jordan (work) ----- Original Message ----- From: "Bill Cullen" <[EMAIL PROTECTED]> To: "Mpls Forum" <[EMAIL PROTECTED]> Sent: Saturday, January 24, 2004 10:44 AM Subject: [Mpls] Bitter Cold and full shelters > > Since vacancy rates in apartment buildings continue to soar, why is the > homeless population also increasing? > > Combining the recent US census with the most recently released vacancy rate > and we find there are 17,770 empty rental apartments in Hennepin and Ramsey > Counties right now (1). > > Bill Cullen > Whittier Landlord > > > (1) US census: 206,448 homes in Ramsey. 468,824 homes in Hennepin. > Rental units is 34.6% of housing which is 233,816 rental units > > Vacancy rate at 7.6%. > > > > > REMINDERS: > 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. > 2. Don't feed the troll! Ignore obvious flame-bait. > > For state and national discussions see: http://e-democracy.org/discuss.html > For external forums, see: http://e-democracy.org/mninteract > ________________________________ > > Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy > Post messages to: mailto:[EMAIL PROTECTED] > Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
