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Old 08-04-2010, 08:20 PM   #21
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Originally Posted by calmloki View Post
Oh - managing rentals has the potential to do damage to your lightness of soul and conviction about the innate goodness of all mankind.
I always enjoy your posts, and Ryan's and now I can add NW Landlady and the other active landlords to that list. My only RE experience has been doing a few quick land turnovers some years ago, but your description and that of the other landlords around here make it sound like what it obviously is- a business. And a capital intensive one with more than a few potential ways to get whacked.

My parents had a couple small buildings. They had a good niche- in one it was medical residents (we lived right next to a large hospital complex) and the other was gays and lesbians.

Re: your quote above, anyone over 30 who still believes in the innate goodness of mankind needs to become a landlord, just as an attitude adjustment. Or an even quicker cure is to get divorced.

Ha
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Old 08-04-2010, 10:42 PM   #22
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Speaking of Landlording changing your attitude.....here is my absolute Landlady IDOL!! THis YOUTUBE Version is not the best for sound, hope you can hear what she is saying....from KUNG FU HUSTLE _ THE LANDLADY:

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Old 08-05-2010, 09:03 AM   #23
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Wait ... where's HonoBob to tell us: property always appreciates, rents are always paid on time and increased regularly, toilets don't clog ....
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Old 08-05-2010, 02:04 PM   #24
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... and you just have the tenants take care of all maintenance and do electronic bank transfers of rent into your account. on the exact day it's due. 100% location location location. Dang he was good. He's off eating tropical fruits and walking Honodog while we slog along in the trenches.
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Old 08-05-2010, 11:59 PM   #25
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Wait ... where's HonoBob to tell us: property always appreciates, rents are always paid on time and increased regularly, toilets don't clog ....
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... and you just have the tenants take care of all maintenance and do electronic bank transfers of rent into your account. on the exact day it's due. 100% location location location. Dang he was good. He's off eating tropical fruits and walking Honodog while we slog along in the trenches.
He's on an involuntarily permanent vacation from this board, but any landlord wannabe can find him at HawaiiThreads.com.

He hasn't really gotten revved up about real estate there. Yet.
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