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The Water Cooler
General Discussion
"Prepare to repel Boarders!"
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<blockquote data-quote="dennishoddy" data-source="post: 3167663" data-attributes="member: 5412"><p>It worked out well because I worked with the father of the family who was a valued employee at that company. I only rented to co-workers or their immediate family members. I was never disappointed in any renter that lived there, and let them do maintenance on the house in lieu of rent like painting the outside or inside.</p><p>I also have heard horror stories of rental homes being destroyed. The home next door was a rental and the psycho that was in there did thousands of dollars in damage when they moved out in the middle of the night.</p><p>I could see the 50's neighborhood going south with the older folks that owned homes in the area passing away and homes becoming rentals, so I sold it while the market was good.</p><p>Dumped the money into our home mortgage and we paid off at 15 years + or - a couple of months.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 3167663, member: 5412"] It worked out well because I worked with the father of the family who was a valued employee at that company. I only rented to co-workers or their immediate family members. I was never disappointed in any renter that lived there, and let them do maintenance on the house in lieu of rent like painting the outside or inside. I also have heard horror stories of rental homes being destroyed. The home next door was a rental and the psycho that was in there did thousands of dollars in damage when they moved out in the middle of the night. I could see the 50's neighborhood going south with the older folks that owned homes in the area passing away and homes becoming rentals, so I sold it while the market was good. Dumped the money into our home mortgage and we paid off at 15 years + or - a couple of months. [/QUOTE]
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