Quote:
Originally Posted by BK001
Good morning Sweet Nothings,
Abby you said "Sometimes my husband and I feel forced to play good cop, bad cop." That never worked with us since neither of us were able to pull off being the bad cop. I swore when we left Brooklyn that I would never, ever be a landlord again. We were terrible landlords -- "Can't pay your rent? Oh, than you must be hungry -- here, eat something -- oh, and since you're broke, here's $20 for your pocket."
Ok, maybe a slight exaggeration, but not by much. I advise anyone who wants to make money in real estate to invest in Real Estate Investment Trusts (REITS). No tenants, no overflowing toilets, no sob stories, no skipping town on the rent. LOL
But do hope you prevail against the water company. Good documentation, for me, is key. Go get 'em tiger!
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All of our renters have been great. Not sure if it's the little talk I give them as I hand them the keys. I tell them that my house is the house right behind them. That I have an unobstructed view of their backyard. That I was a Sharpshooter in the Marines. That there is lots of forest to hide the body..
Actually I think it was NOTHING but the incentive we give for them to pay on time. A $50 discount if they pay before the 1st of the month. A $100 penalty if they pay after the 5th.