Some people do not get it

@andriaperry it's probably miserable trying to collect your costs from those folks, isn't it?

Its not as hard as people think, its just the legal process has steps to take and each step I have to pay for.

@yukimori Yes but the leans are good for 20 years! So if they buy something of value and sell, you get your money first. That is if they don`t pay.

Not sure that is legal at all..

@LadyDuck .. In India we can't. That is why I have opted for letting to businesses.

@vandana7 I have no idea, I know that in some countries if people do not pay, you can "cut" the services, included the water.

@TheHorse .. But pony, situation here and there differs considerably! On average we have to plan for inflation at the rate of 7 percent compounded! My rents increase at 10 percent compounded so the repairs, insurances and taxes are covered. In one of the articles I noticed that you all lose almost 3 months rent towards property taxes! compare that with us...less than one month rent. In addition, we can set those off against income tax, and we also get to set off 30 percent of rental income free of taxes! Makes sense to be invested in this asset class. As to capital appreciation...1 dollar invested 13 years ago is about 4 dollars now! So 3 dollars capital gains of which even if I lose 1 dollar towards taxes, I am still left with 2 dollars plus initially invested 1 dollar! Have I not escaped on taxes on these two dollars continuously for 13 years? I can't judge from your end, though...your inflation is closer to zero, and you all have social security system, as well as health care system. We have to plan for old age and buy insurances. If we put our monies in bank, they will only give us simple interest...and I would end up paying taxes on interest rates that have dipped to below 7 percent per annum! That means investment in bank will make me poorer each year! Investing in shares is an option...yes. But at my age (I am 57 and older than you I think Pony) I keep that to a minimum. You never know when I will need monies...stock markets should be in boom to give me profit, right? So only through tax savings again. Finally, how long do you think you can continue working like that? Agreed that is less stressful. But there is something called contingency...you would need to plan for that right? As to Andrea...I think she is just having a bout of bad luck. Agreed that there can be folks like hatley...I would keep hatley with me...in my home and let that portion out..that way I would have more control on dad...lol

She is presenting a scary picture...my tenants are good, only one former tenant had dad wrapped around his little finger and took a lot of money from me via dad. Otherwise, never had issues...there is slight delay...but those are because of rains, and festival holidays..otherwise, we get rent promptly...

@vandana7 I'd rather refinish speakers. In that capacity, I deal mostly with middle aged guys with cool careers. Very few slouches or ruffians.

I am raising the rent and standards, now they will have to have many more things to get a house from me, let them sit empty if not, better than me fixing them back up three times a year.

It is,

No its these two houses, seems this year has been a bad year for them, OR maybe its I let Tony pick who would rent them, that is it. All the other houses have awesome tenants, that pay on time and are respectful to the neighbors.

@andriaperry that is good then.

@andriaperry I'm going to go out on a limb and say maybe he shouldn't be able to have input on tenants in the future...

Not just managing them, I own these and they "were" suppose to be my nest egg.

No.

@andriaperry

exactly how I feel.

I do not care about toys or a little junk laying around. I need them to abide by the lease.

Crazy is over. lol.

The people who do this give this as a reference " I live with my parents" so they dont have to tell you about what they have done to the last place.

@andriaperry - Ah. I see.

Yes I do get a deposit but once again I was not strict enough and allowed them to make monthly deposit payments, NEVER again, But we are not allowed to charge a deposit over the amount of the rent and I have to say that I have only returned one deposit because the price of repairs is very expensive, as well as the labor to get it done. Here the tenant seems to have more rights than the owners of the property. I am currently asking for better laws to help the land owners that do care and keep up their investment.

@andriaperry Im sorry.We have to pay 3 months deposit+rent here when moving in and any damage we have to pay like it or not. People do take good care if they rent, maybe better care than if they owned

It is and I would have eviction going as soon as it was late, I no longer wait.

Me too, Like I said I have 4 good tenants, just two that are trouble.

I could hear it running and I am half deaf, I know she heard it.

I was raised up in rental houses, they always looked better when we moved than when we first got there.