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02-15-2019, 07:03 PM | Topic Starter |
The Collective Unconscious
Join Date: Sep 2005
Location: The OP
Casino cash: $9520422
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Owning Rentals
Hey CP, we've got a bunch of big dick bandits on here with cash flowing out of their ears, so how many of you own a rental? I may need some advice. I'm looking to gain some passive income without pimping... #pimpin'ainteasy
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Posts: 10,425
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02-15-2019, 07:09 PM | #2 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $1340477
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It's only good for a retirement, untl it's paid off it's all a bunch of hassle
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Posts: 40,426
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02-15-2019, 07:12 PM | #3 |
Veteran
Join Date: Feb 2015
Location: He/Him
Casino cash: $8739922
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Posts: 2,226
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02-15-2019, 07:11 PM | #4 | |
Veteran
Join Date: Feb 2015
Location: He/Him
Casino cash: $8739922
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Quote:
So...my advice is to not treat it as income and bank any "profit" for the inevitable problem. We also own a Cabin in the Southern California Mountains, but we don't rent that. It's our getaway place. |
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Posts: 2,226
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02-15-2019, 07:24 PM | #5 | |
The Collective Unconscious
Join Date: Sep 2005
Location: The OP
Casino cash: $9520422
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Quote:
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Posts: 10,425
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02-15-2019, 07:41 PM | #6 |
Veteran
Join Date: Feb 2015
Location: He/Him
Casino cash: $8739922
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Posts: 2,226
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02-15-2019, 07:58 PM | #7 | |
Sexiest Athlete
Join Date: Apr 2001
Casino cash: $1131925
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Quote:
I should really qualify that: it depends how much you are able to charge rent. Our rentals are in a pretty decent neighborhood in a good school district. We are able to charge ~$1,300/month and be very selective about our tenants. People who can afford to pay that kind of rent typically don't want to screw up their credit rating so they usually have both very good references and background checks. |
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Posts: 12,432
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02-15-2019, 08:20 PM | #8 | |
Veteran
Join Date: Feb 2015
Location: He/Him
Casino cash: $8739922
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Quote:
Our North Carolina house, well actually Town House, has been fairly solid. We had some minor roof damage due to the hurricanes this year, but we were able to fix it for less than the insurance deductible. |
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Posts: 2,226
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02-15-2019, 07:20 PM | #9 |
The Insider
Join Date: Jan 2004
Location: Lake of the Ozarks
Casino cash: $1938752
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College town students or vacation rentals are your best bets. Regular rentals are the biggest pain in your ass and worthless ****s ever.
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Posts: 49,814
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02-15-2019, 07:23 PM | #10 |
The Collective Unconscious
Join Date: Sep 2005
Location: The OP
Casino cash: $9520422
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Posts: 10,425
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02-15-2019, 07:27 PM | #11 |
The Insider
Join Date: Jan 2004
Location: Lake of the Ozarks
Casino cash: $1938752
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Posts: 49,814
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02-15-2019, 07:26 PM | #12 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $1340477
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Posts: 40,426
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02-15-2019, 11:07 PM | #13 |
To the Game
Join Date: Oct 2003
Casino cash: $7243516
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Posts: 2,124
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02-16-2019, 10:19 AM | #14 | |
El Gato Gordo Loco
Join Date: Apr 2006
Location: Earth
Casino cash: $2051241
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Quote:
Have places in Olathe, Shawnee, KCK.
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Posts: 46,425
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02-15-2019, 07:24 PM | #15 |
I'll be back.
Join Date: Nov 2002
Casino cash: $4330478
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buy cheap condos
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