spoken like a true tenant!

you sound like you’re bitter because you can’t afford to buy a house in an expensive neighborhood although you “think” you should be able to afford living there.

this is a $90k house in blue collar neighborhood in the midwest. The tenant is a nurse who makes decent money. If she had her act together she’d be owning a house in a better neighborhood.

So would you.

Home prices have not gone up because people with excess cash buy homes to rent out. They’ve gone up because of easily available loans with interest rates lower than the true price of inflation. Because anyone with a heartbeat could get a 125% loan. Deadbeats and speculators went out and bought homes they shouldn’t be able to afford and drove up the price of housing.

And yet somehow you still couldn’t make it work for you.

Quit whining and displaying your ignorance.

Pay your own mortage, and if you can’t afford it, and must rent, sell it.

There are certain situations where tenants can’t pay, but let’s face it, if you could, you wouldn’t be renting it out.

If you want to rent, you do so knowing that the good comes with the bad, and nothing is written in stone, and if you don’t wish to have problems, then get a second job and pay your own mortgage, or better yet, sell the other homes you have and expect others to pay for, and quit whining. perhaps then, the horribly, overpriced, housing costs would go down, and no one would need to rent anymore.

What tactics do you use to get tenants? Do you have a different approach on these properties as your other ones? Be interested in hearing what approaches have consistently led to good tenants (recognizing that no approach is a sure thing)

Dana, sorry to hear about your renting troubles. But if its a bad neighborhood I can understand why the landlady would do that. You could just move if its getting that bad. Unlike tenants, property owners don’t have that luxury. Of the $11,000 judgement, $3,500 was for repairs that I had to perform on the house. As far as I see it, thats a dead investment that I can never recoup unless I she pays on the judgment.

Jonathan, how come all your gf’s are crazy???