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recycled sixtie recycled sixtie is offline
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Join Date: Oct 2011
Location: Edmonton Canada
Posts: 5,970
Garage
Sorry to hear about your rented house Harddrive.

First I know of somebody that rents out six houses in the US. Has been successful for that person and does all communicating by internet.

Conversely my father in the UK fifty years ago had 22 lockup garages that were located a three hour drive away. He received monthly bills for broken locks, broken doors and anything else that could break. He seemed to think that it was a conspiracy to drain him of cash. Lawyer arrangement with fixit guy etc and phony repairs. Anyway I learned from that and said to myself I would only buy real estate investment/rental if it was local.

We have a condo rented out three blocks from us. Great tenants now. Long distance renting out can be a hassle. It is easy to let the condition of a place slide but perhaps fixing it up to prevent reoccurring problems can pay off.
G.
Old 03-07-2014, 06:00 AM
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