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To: longtermmemmory
as property taxes may go up and the landlord needs to pass that cost through to the renter

Depends on the individuals.

You get a renter who
(1) has a quiet lifestyle
(2) has never been late with the rent by one day
(3) takes care of the property like it was his own -
you do not necessarily want that renter to walk when you tell him you are passing through a tax increase.

I'm that kind of tenant. I have rented a home three times in my life, each time for 4+ years. I have only been hit with a rent increase once, when a new owner bought the property and decided he needed to recover his total purchase price in the next five years. I moved out in three weeks.

Last I heard he had been through four tenants in the next 30 months. Always did want to ask him how that was working out.....

35 posted on 04/10/2008 11:34:54 AM PDT by Notary Sojac
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To: Notary Sojac
The downside of owning my 2nd house is having an extra yard to mow every Sunday afternoon during the warm part of the year. My tenants last year didn't do a very good job of mowing the lawn. I had to cart my lawn mower down to the house on multiple occasions. I paid for the electricity, gas, water and trash pickup....even while collecting only $350 in rent. A good tenant who takes care of the property would save me at least 3 hours of week of manual labor to care for my 2nd house.
44 posted on 04/10/2008 12:07:26 PM PDT by Myrddin
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