All Forum Posts by: Account Closed

Little by little I am learning and I really didn't think things out before hand.

Years ago I had some rentals and they were all within 2 1/2 miles of where I lived.

When I decided to try this again I made the mistake of buying nothing closer than 65 or 70 miles away.

Well if you drive a v8 hemi your looking at a grand or more on fuel per month.

Plus all the driving time.

I learned property's aren't like going to the store to get eggs then see they are on sale and think hmmmm should I get one or two dozen?

There is a reason they are so cheap.

You will have to do some work on them,sometimes quite a lot and if your ignorant you decide to do it 95% of it by yourself and everything takes at least three times as long as you thought and some things ten times as long.

As for supply's materials they always cost more than you think sometimes a lot more. And it takes a hell of a lot more time rounding up some of the stuff because you bought propertys in an area you don't know.

Hmm why start with one why not work on three or more at one time thinking that way you can rent them all at once(I won't do it that way again)

And get some money coming in so you can repair some more to rent ,every day you work on something and go get materials cause you find other things to fix.

Finally you have tenants and you have some to rent and hope you get it again the next month

You are wore out and know you should have choosen tenants wiser but your sick of having the trash,water and electric bills in your name cause you had to do repairs and check everything out plus do the yard work .

So you rent to whom ever seems ok at the time and hope it works out

Because you still have other places to work on so you can rent them

and now you can deal with the tenant issues while you try to get the others ready to rent

And you start to get very stressed and can't sleep for very long and always have thoughts popping into your head all the little things you still have left to do.

And over the months you forget more and make mistakes and wonder what have I got into

PS I left out how your home life starts to erode and your pets wonder who you are.

Your upbeat one day and depressed the next

And you see some more deals around thecorner and still have to work on what you already have and mention the deals you saw to your wife and she goes off

I realize I need to start going about this process a lot differently.

I have been doing some reading here on BP and someone told me I needed to get my head out of my $@& and at least hit the library and read some and try to wise up .

But then again , I still like to gamble in little ways ,

like grab a rattlesnake by the tail. ;). Or pet the alligator! just to see what happens.

@Kyle Hipp I had to search on BP for prescreen : )

I have a for rent sign out front of house and they call.

If I put up a paper at a store or gas station it has the info on it . When they call I ask a few things and try to show it to as many as possible Everything is in smallville ,where everyone knows about everything.

I do stuff the Stone Age way

My ways may be wrong a lot of the time ,sometimes I leap before looking

But it gives me something to do :)

I bought with cash ,had a little change for repairs and the money is put up for next years taxes etc

my wife says I can play but don't wear myself out

To save afew bucks

Found stove,fridge,microwave cheap with bonus baby roaches"sweet"

Memo to self: buy new or look the stuff over

One tenant is going to get the rest of my money to me no later than saturday:) I accepted only shy $40

he has helped me without taking any pay onetime on a sewer and also getting appliances off truck

Heres a great possible tenant

three phone numbers that aren't working

his employer doesn't know him that's weird because

he is a supervisor second shift and is making tons and been there for years and the office f$&ked up He will straighten this sh@t out and have them call me! (Bet his landlord says he's a winner and pays ontime every time and been there a million years and sure hates to loose him)

Now Phone rings its a tenant who said "I'm sure you can wait til their income tax comes in! "it's not like you need it!"

I declined that offer but have to wonder how so many people know I don't need money (Is this ability common?). Are people are smart enough to know by talking over phone or looking at me that I do this for kicks

This was my favorite After several days with little sleep yesterday I met with two couples at a rental The good and the bad

First couple the woman started up her mouth coming in the door, at full volume screeching how she didn't like light colored carpet. blah blah . and proceeded to inform me about what changes I was going to be making. (In total awe I ponder if she is a mind reader and sees what I'm thinking before I even catch a glimmer or perhaps a seer and sees future events?)

She lets the other couple know its already rented she is taking the place!

( "Is she psychic????")

Then I smile and tell her "It Looks like we are done here" she said "What?" I reply "I wasn't going to rent to them and wouldn't and couldn't tolerate her bitching " she seemed to love that! And so did he.

I was offered beating :) by her husband that I declined and told him "I didn't call her a *****" and maybe he could tolerate her mouth I wouldn't.

I have received an offer somewhat like that not long ago from another guy.

is that a good sign?

this is so sad Learned that an a$&hole MF like me is not going to see heaven!

Seems I will be heading in another direction.

I learned that I am a member of a supremacist group and that this was going to cost my ***. Just as I escorted them out . (I just wish everyone was this charming!)

Back to second couple hmmmm low volume mouth and polite and seems they have money! And Real Jobs!

She said they needed another bedroom and heard about the place at city office

And the husband did step over by me during the little debate

And they now will have a new place to live

So ... I have new friend or several at city hall

i know one lady there has plenty of info about everyone and everything

From her I learned that joe blow never had a job over three weeks in his life the whole family lie about everything will tell me they work abc,and rent from xyz and that Abc and xyz are uncles and told me where they really lived . She was right!

A cop there told me about several props around the area acouple weeks ago

and on monday while I was in the office offered to showed me one he thought I could get cheap he said "The owners didn't have much luck renting it " and so we went and I had a short talk with the wife who said something like " In that area no one pays rent and they just tear your place up" haven't met her husband yet he was at work Wonder if they will carry it?

I think that aluminum flashing job in the rain looks great! I think it's a quick solution when something needed done.

Doing quick fixes saves a lot of damage

don't like laying in cold water in a crawl space or running snake in sewer then also the vents on ice covered roofs in winter cause they are clogged to

Recently got a call from a lady "water is running on floor " guess her husband who doesn't work couldn't get off couch to look at it or kill the water

I love those calls :)

This was in a tiny half bath

They were nice enough to call some just let the water run.

It was at night so I headed down the road and took a shark bite type cap and capped it off til later it was snapped off pipe Told them to use different bathroom.

I think it may be the Gremlins In this place and cause damage.

I don't like the Gremlins

I know from the past few months its the gremlins that clog up the pipes,and toilets in areas that tenants never even use ,and they can't understand how that could have happened.

I think the Gremlins make holes in walls ,stain carpet ,write on walls

I guess gremlins like to work night shift ,and like to hang around certain type tenants

I'm wondering if gremlins only hang around the ones who act like pigs who let their offspring act like wild animals??

I wonder if I had different people there if the Gremlins would move away ?

house nearby it is rented to the sister (naturally husband no job ) never had a problem with them so far.

Its sweet that their parents are paying both rents and extra perhaps excessive for gremlin damage without complaint.

Dad actually asks if there is extra this month.Hope he stays healthy!

I had several squirrels that after I trimmed limbs would make a 10 ft or more running jump to hit roof so had to cut limbs back more and take one oak out.

then they climbed the rock up to the cedar siding along the rain gutter downspouts , they would get into attic I would fix the spots with hardware cloth

Or you can use metal lath in my case they just found another way in over and over (this stopped after I found the baby's , heard them squeeking and caught them and put in a bucket with hole in lid and wired it on to a treelimb)

P.S If you grab squirrel baby's that are very big grab fast they are quick . And you may bleed if your not wearing gloves "It seems them lil ol cute things will try to eat you!"

I have noticed in some neighborhoods where the home owners only get one container and afew start using the dumpsters before long it's the go to place.

I have watched people empty pickups even a trailer load

Some smaller businesses even do it

I know a landlord who tells his guy to swing by an apartment or store to dump the old mattresses and trash or building materials (and He has his own dumpsters but likes to keep them empty ) I said something to him about it.but he thinks its ok.

At times its the renters telling their friends they can use your dumpsters

If you catch them in the act and do alittle roasting with a flamethrower they may get the hint!

When you use the "B" option and fill your half it gets most of the traffic

And I know around here when I did it with gravel it didn't last long,

I wondered about this myself,in one county something is a B or b-or b+ and cross into another and they see it as an A -or C or C+and I can't see the difference

the houses and neighborhoods seem alike

Bill G

Nice explanation!

A chat at a credit union I had awhile back similar to your post.