Tj Jefferson wrote:I have done the rental thing, and (this is embarassing) pretty much ALL the bad stuff people have mentioned happened to us. It is gambling and if you guess wrong, eviction is often long and tenants can be ruthless. We sold a house for 12k after four years of no rent, serial vandalism, and then insolvency. Never again.
Conor Haley wrote:I would become partners in the business, or have him pay me rent at a lower rate and continue with my hourly rate... though the latter might just be a horrible idea. lol.
William Bronson wrote:Of course being a landlord is a job in and of itself. A tenant that won't wreck your place, isn't needy or demanding, and pays well and on time will probably want a very nice house in a nice part of town.
John C Daley wrote:Having the place trashed is not nice, and it seems to be representative of particular people.
Julie Harris wrote:
John, in the States, you don't get to choose not to rent to those people (insert whatever characteristic you want there -- who have you had bad experiences with?). In our area, a landlord must rent to the first qualified applicant, regardless of whether a better applicant applies afterward.