Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Business Plan
Hi! I'm writing up my business plan and need guidance on conflict resolution. Specifically, at what price point do you say "principle and righteousness aren't worth it?" I know it seems a weird question as well as personal but I think it will help me to focus on the bigger picture when dealing with bad tenants. As an accountant I've often had to advise clients when to drop an issue because the returns don't justify the expense (sunk costs) but recovering stolen property (rent, damages etc.) feels different than evaluating a product line or expansion. I was hoping to explore the idea up-front to prevent a future "no holds barred, destroy the bum, I don't care what it takes, buy the attorney a new pool" attitude! Words of wisdom?