There are two sides to every story. A lot of renters are bad. Some landlords are worse. Renters all too often have the usual problems of bad credit, low paying jobs, an entitlement attitude, drug, drink and other bad habits and a general irresponsibility in life. But a lot of landlords are people you wouldn't call your friend either. Scalper rents, poor or non existant maintenance, an entitlement attitude, greedy, low class repairs and houses. It is surprising how often a landlord will get asked to fix something and never get around to it and then bad mouth the tennant when he gets fed up with it and beats feet. I have two rentals. I remodeled both of them and made them nice so that I would live there. I take care of the places and make sure everything is not just working properly but nice. They are about 120 miles from where I live and I don't get up there in the winter months but if anything goes wrong I call a guy I trust to check it out and help them if he can. I also call them about every 6 weeks and ask them how it's going up there and do they need anything from me. My rents are below market rate and they know it. When one tennant got behind in his rent because of trouble with his child support and had his wages garnished I worked with him and let him pay me back as he could afford it. Then I forgave him half a month's rent because he is a good tennant and was struggling. He has been there 5 years this summer. He likes to mow the lawn - does way more than he is required to do. So I slip him a $50 every summer - for gas and oil. He is always grateful that I would do that. The other renter has been there 3 years this spring. He always pays on time. They are good renters. They are not stellar citizens, but they work and keep a roof over their heads. I do not treat them like chattel. I have had a couple of deadbeats too so it hasn't all been rosey but I've learned if you are going to be a landlord you had better get used to giving more than you get. That's just how it is. If you adopt a good attitude your tennants will respect you, your rentals will run better and your stress level will be lower. When I compare the money I spent on those houses and figure in the taxes, insurance and maintenance I pay then add in the rents, I am making over 4% on my investment annually. I can't do that in a savings account.
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