I have two rental houses. In the past 7 years they have been rented all but about 15 months between the two of them. That is about 89% of the time. Had a couple of morons in one of them but for the most part the road hasn't been too bumpy. I do a criminal and credit background on them. If you don't want to heat it this winter I have just shut down the house a couple of times. No heat, bled all the water lines, poured antifreeze in toilets, sinks, etc with no ill effects to the house. Nationally the last 4 or 5 years have been some of the worst in a generation for landlords/rentals. There has been double digit % drops in rental prices and lots and lots of available housing for renters to choose from. Owners/landlords were forced to rent to some very shady tennants in order to keep the bills paid. According to a couple of articles I've read the next couple of years will see the rental market turn around in favor of owners. Some areas of the US will see up to 20% increases in rents in the next couple of years. I am somewhat encouraged about the future of my rentals and am hoping that in the next few years I will finally be able to make the places cash flow - ie carry themselves. Being a landlord isn't for every one but it does have some advantages.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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