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Re: Bought a house this week.
Posted: Wed Apr 06, 2016 10:40 am
by smackaholic
A single family place that isn't a POS shouldn't take up much of your time, assuming you have a decent tenant.
Re: Bought a house this week.
Posted: Wed Apr 06, 2016 4:43 pm
by Felix
smackaholic wrote:
I did 3 years as a long distance landlord on my first house. First tenant was a fukking nightmare. Poor fukker had a new reason every month why the rent would be late. We had a contract on the house and got that deadbeat out after agreeing to give him back his full deposit and a portion of a month free. I didn't care, just wanted him gone. The buyer pulled out, day of the closing. :doh: Next tenant I had 2 years. A young couple, no kids. Perfect tenant. Dude left the house better than he found it.
that's why you hire a property manager to take care of shit like that.....he's going to earn his 7-8% by screening tenants, taking care of the place when troubles arise, etc.
if you want a great tenant, do this.....give them first right of refusal on the house if and when you decide to sell it.....tell them you'll apply 10% of their total rent toward the purchase of the house (up to a certain limit)
that's the incentive for the tenants to take care of the place because they might eventually own it
Re: Bought a house this week.
Posted: Wed Apr 20, 2016 6:23 pm
by Goober McTuber
Wonder if Go Coogs' new house stayed dry?
Re: Bought a house this week.
Posted: Wed Apr 20, 2016 8:23 pm
by Felix
Goober McTuber wrote:Wonder if Go Coogs' new house stayed dry?
I'm guessing probably not.....jeezus palamino 4 inches of rain per hour?
Re: Bought a house this week.
Posted: Wed Apr 20, 2016 9:41 pm
by Goober McTuber
Good thing Lefty moved out of Houston or we'd be calling him Wet Seater.
Already pretty ironic that we call him Lefty.
Re: Bought a house this week.
Posted: Thu Apr 21, 2016 1:08 am
by smackaholic
Felix wrote:Goober McTuber wrote:Wonder if Go Coogs' new house stayed dry?
I'm guessing probably not.....jeezus palamino 4 inches of rain per hour?
Any place can see rain fall at 4 inches per hour....for 5 minutes. Anywhere along the gulf coast, it can do it for 5 hours straight. It is absolutely amazing how much moisture can boil off that big hot tub. Imagine the flooding you'd have if there was much in the way of terrain. Can you say flash flood?
Re: Bought a house this week.
Posted: Thu Apr 21, 2016 4:49 am
by Left Seater
I can imagine it and it happened last Memorial Day and friends of ours lost family members when the River flood warning system failed in Wimberley. The kicker is it wasn't raining anywhere near their place.
Re: Bought a house this week.
Posted: Thu Apr 21, 2016 2:36 pm
by Mikey
Goober McTuber wrote:
Already pretty ironic that we call him Lefty.
I can remember back in the 70s when we gave that same nickname to Virgil "Lefty" Livers.
Re: Bought a house this week.
Posted: Thu Apr 21, 2016 2:52 pm
by Goober McTuber
Mikey wrote:Goober McTuber wrote:
Already pretty ironic that we call him Lefty.
I can remember back in the 70s when we gave that same nickname to Virgil "Lefty" Livers.
For the younger folk, the Livers story is covered towards the end of this article.
Re: Bought a house this week.
Posted: Thu Apr 21, 2016 3:00 pm
by Mikey
Amazing...some of the things that stick in your memory over the years, but that story still makes me cringe.