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The Water Cooler
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Rent houses
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<blockquote data-quote="swampratt" data-source="post: 4221734" data-attributes="member: 15054"><p>I have 3 and all are paid for.</p><p>Knock on wood they are pretty reliable houses.</p><p>BUT----- I change all the faucets and put 1/4 turn shut off on them all and change all toilets to new ones and 1/4 turn shut off on those.</p><p>I do all my own work and have good renters.</p><p>During the Covid no rent pay deal I had one tenant ask me if I was going to make him pay rent.</p><p></p><p>I said if you wish to not pay rent I have 100 people lined up to rent this house and pay me money.</p><p>He said OH I am going to pay I was just curious.</p><p></p><p>My friend Joe moved in with his girlfriend and told me he was going to sell his paid for home he was living in.</p><p>Very nice house in Moore.</p><p>I told him rent it and keep it.</p><p>He did not want to deal with renters.</p><p>I told him that house will bring 850 easy This was 10 years ago or more.</p><p></p><p>He said one of our buddies wanted to rent it and he was worried about that and making an enemy out of him if he did not pay rent.</p><p></p><p>I said tell him this is business me renting my house to you and is not to be confused with friendship.</p><p>I will kick you out.</p><p></p><p>It worked out and he now has maybe 5 or 6 rentals and loves it.</p><p>He borrows against his 401K to purchase the houses and pays himself back.</p><p></p><p>I will get more if the right deal pops up.</p><p>I am thrifty and can turn used fence panels into trim and flooring and can use that wood on ceilings and walls.</p><p></p><p>Lots of craigslist shopping for me when I get a basket case house.</p></blockquote><p></p>
[QUOTE="swampratt, post: 4221734, member: 15054"] I have 3 and all are paid for. Knock on wood they are pretty reliable houses. BUT----- I change all the faucets and put 1/4 turn shut off on them all and change all toilets to new ones and 1/4 turn shut off on those. I do all my own work and have good renters. During the Covid no rent pay deal I had one tenant ask me if I was going to make him pay rent. I said if you wish to not pay rent I have 100 people lined up to rent this house and pay me money. He said OH I am going to pay I was just curious. My friend Joe moved in with his girlfriend and told me he was going to sell his paid for home he was living in. Very nice house in Moore. I told him rent it and keep it. He did not want to deal with renters. I told him that house will bring 850 easy This was 10 years ago or more. He said one of our buddies wanted to rent it and he was worried about that and making an enemy out of him if he did not pay rent. I said tell him this is business me renting my house to you and is not to be confused with friendship. I will kick you out. It worked out and he now has maybe 5 or 6 rentals and loves it. He borrows against his 401K to purchase the houses and pays himself back. I will get more if the right deal pops up. I am thrifty and can turn used fence panels into trim and flooring and can use that wood on ceilings and walls. Lots of craigslist shopping for me when I get a basket case house. [/QUOTE]
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