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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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I've looked into it and it seems like kind of a ripoff. Your mileage may vary. 10%,for someone to act as "one degree of separation" between you and the tenants living in your property seems a bit steep. At the end of the day anyone can find out who owns the property anyway (registry of deeds - public information) so does it really matter? Also I'm kind of picky about how maintenance is done and I don't like the idea of every silly nitpicky thing being contracted out to some profiteering handyman who will charge $200 for something I could fix myself (and the way I want) in an hour. Bigger repairs like roofs or major plumbing or whatever, sure - I'd probably hire someone for it but I don't feel like being nickel-dimed by stupid ticky-tack maintenance charges and that 10% cuts directly into my profit. So for now I'm staying in the house. Might rent but likely will just sell it - being a landlord sounds like too much of a PITA and I don't really want to pay someone for things that I could do myself so it'll be simpler to just take the money and run when the time comes.
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
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