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re: TOS: Being a landlord
Posted on 6/12/15 at 12:31 pm to retooc
Posted on 6/12/15 at 12:31 pm to retooc
If you make 100% more in rental income than mortgage expense you have to do it. It's a pain in the arse though. Can't tell you the # of times I've been on vacation, or trying to enjoy holiday family time, but end up negotiating AC repairs and replacement long-distance. It's a cosmic rule that $1000+ expenses only happen when you don't have time or $$ to deal with it.
1
Posted on 6/12/15 at 1:14 pm to WorkinDawg
I've got a 1,300sqft house that rents for $925-975, but the mortgage is less than $250 a month. Got a heckuva deal on a short sale. 
It can be great, just be sure to thoroughly vet your tenants. Personally, I would disallow indoor animals.
It can be great, just be sure to thoroughly vet your tenants. Personally, I would disallow indoor animals.
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