This article is for anyone dumb enuff to think it’s a good idea to rent out their current home and buy a second.
Bankruptcy will be the result.
Anybody wanna be a landlord in Detroit?
Raise your hand... :-)
_This_ is how you get _this_:
https://www.youtube.com/watch?v=E67HTbrDWJg
(Lagos, Nigeria—has to be seen to be believed....)
I rent my first home and the tenant is about 4 weeks behind.
The rent pays the mortgage, insurance and taxes. The lease is up in August 2021.
I use a property mgmt firm. I am also very kind when it comes to financial problems. I have a good tenant but can understand when sometimes problems arise.
If the tenant is behind at the end of the lease the management firm will handle it.