Quote:
Originally Posted by Tidybuoy
Good point Scott on walking prospective tenants to their car. Gotta weed out the slobs. Regarding garbage cans, I don't plan on living there and will not be going over to take out the cans - I will have to train the tenants for that.
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I know you are talking about duplex but the apartments on my block have a locked dumpster and the tenants have a key. Once a week a truck shows up and empties it.
FWIW I would walk away from being a landlord in a minute but it is difficult to walk away from the income.
My brother bought the property some 30 years ago when it was zoned for multiple units, before he could build they down zoned the neighborhood, he was not too happy. He decided to quit the family business, sell his house and 'go find himself'. So dad bough the place and rented for about ten years until he got sick of tenants* and started lobbing me to buy the property, it is in a super nice neighborhood so I kept tell him I couldn't afford it... That went on for a few years until he 'made me an offer I couldn't refuse'.
So you could say I'm part of the family curse.
***Read this first!***
Dad never sold his commercial rentals, matter of fact they are part of the living trust he setup that we are still collecting on today. They are both generic cinder-block rentals but coincidentally both ended up body shops. If I had a chance I would go commercial over residential rental in a heart beat.
YMMV