Posted on 12/21/2020 6:40:49 AM PST by AbolishCSEU
“3. the leftist judge ordered the landlord to forego a year’s rent starting in June 2019 on the condition that she be out by October 2020.”
Seems the lefty court tied his hands. . .not the fault of the landlord.
Hemingway fan, I see. :0)
I know many people who are landlords, and I’ve been offered deals in multi-apartment buildings. I know its been profitable for many, both on cash flow, but also tax breaks and long-term capital gains. I hear a lot of horror-stories too. One friend recently had a tenant leave town, who purposely stopped-up the bathtub to flood the apartment (and those below) just before they bolted.
I’ve never been able to convince myself to make such an investment because it simply seems the terms are always slanted in the tenants favor, and even with credit checks, you are becoming a creditor to people you normally wouldn’t want to lend $20 to.
As you say, I guess its all about staying on top of things and management.
“cash flow, but also tax breaks and long-term capital gains”
A Biden administration will wipe that out.
P.S. I’m a landlady. Very rough here in Upstate NY.
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