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I just noticed that one lady uses the rent as her income....what does that say about her?
I have kids and always kept a job and took care of home....
I use the rents as income and part of it pays for the mortgage/rental expenses. Are you implying that there is something wrong with making a living in a way other than a 9-5 job? Perhaps I miss understood your post...
You don't know how many potential individual landlords I have spoken to that want everything in cash or money order. I even had a fruitcake that had me fix everything and take it off the rent. Well you know when an a/c unit goes up I'm not putting the 4K to put in a new one so therefore I stuck in window shakers and I moved the next month. Forget that crap. Oh before anyone jumps on me, my lease was up.
No doubt, there are some scrupulous landlords out there... but there's also shady tenants. There is a saying that a nice positive person can become bitter and skeptical once they go into the residential business.
This is a big red flag, and you should heed it. If they're willing to risk their credit reputation and their home, what will they do to you and your home when they hit hard times again? They may not pay their rent on time, or worse. I know this sounds hard-hearted, but take it from someone who has had several tenants give them sob stories and then leave owing hundreds or even thousands in rent. There are good renters out there, just work to find them.
No doubt, there are some scrupulous landlords out there... but there's also shady tenants. There is a saying that a nice positive person can become bitter and skeptical once they go into the residential business.
I think you mean unscrupulous. (Just trying to help! )
Thank you for insinuating that I am a law-breaker. As far as "not needing" the income from my rental properties, yes I do actually need it. Anything not used to upkeep the properties goes into an investment account which will eventually be used to buy more property and renovate it. This is why I also work a regular job.
I'm 45 years old, and I could be retired by 50 if I chose to do so (which...probably not because I'd get bored). In another 45 years or so when I kick the bucket, I'll be able to leave enough behind that my grandchildren can attend any college they please, including Ivy League if they want to. This is my dream, and nobody will make it come true except for me. I want my grandchildren to remember me fondly and be able to say something like "Because my grandmother was wise, I was able to go to Harvard Medical School."
If the truth hurts oh well. I said MAYBE you don't report it. And at 45, my husbands age, are you telling me you already have grandkids???
This is a big red flag, and you should heed it. If they're willing to risk their credit reputation and their home, what will they do to you and your home when they hit hard times again? They may not pay their rent on time, or worse. I know this sounds hard-hearted, but take it from someone who has had several tenants give them sob stories and then leave owing hundreds or even thousands in rent. There are good renters out there, just work to find them.
Maybe they don't have a choice to lose their home. Why is it everyone thinks you over extended yourself when you lose your house???? Again..THIS IS NOT DISNEY WORLD AND THINGS HAPPEN BESIDES OVER EXTENDING YOURSELF.
Foreclosures aren't always because of Bad Financial Planning.
I know someone that lost her husband and had no choice but to foreclose. She tried to sell the house, but no buyers.
Just a word of advise, you shouldn't judge others...bad things can happen to you too.
You never know what life will bring.
If it every happens to me, I hope there are smarter people out there to deal with.
I just noticed that one lady uses the rent as her income....what does that say about her?
I have kids and always kept a job and took care of home....
AMEN I guess I'm not the only one that knows this world is not a fairy tale.
Thank you corona68 for your understanding and compation.I am another unemployed single parent that has had a run of bad luck. I have to make choices that will be in the best intrest of my child.When I was married, we too lost our home to forclosure , I was sick and disabled, just was told I could never work again. My first family was grownup so it was easier to (not by my choice) end the marriage and move on.Now its been years and I have a new life raising a child by myself and to try to better ourselves, We are also moving down from Michigan to a new start. My fear is that my past will haunt us and it will be hard for us to find housing. I am a good worker and a good father and I will do what ever it takes to make this work. I am looking for something affordable out in a rural area where a child has room to grow but where I can still find daycare for her.
If the truth hurts oh well. I said MAYBE you don't report it.
What's the point in your continuing with personal attacks here? I wouldn't question your honesty or whether or not you would break (or MAYBE break)any laws, so what's the deal with the directed vitriol? I'm going to give you a break and not give you negative rep for that comment, but I'd appreciate your not accusing me of illegal actions.
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And at 45, my husbands age, are you telling me you already have grandkids???
What's the point to this question other than hunting for more things to criticize and attack me about? No, I don't have grandchildren yet. However, my eldest child is 26 and is getting married this year, and she will eventually have children. I'm allowed to plan ahead for grandchildren, even though this may be an odd concept to you.
You've got this very displaced anger-thing going in my direction simply because I have the gall to be selfish enough to charge rent for my hard-earned properties, and because I'm careful in the selection of tenants. I'd suggest you explore the personal reasons why you choose to criticize and attack a perfect stranger who hasn't harmed you in any way, who is breaking no laws (or even the spirit of the law), and who has made their own way without asking for handouts or getting freebies.
Think about it.
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that's what I meant...
