Life is unfair to landlords
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We had 7 units in a strata. All we wanted was to cover the mortgage, taxes and insurance. We kept the rents purposefully low, hoping to attract long term tenants. Quite frankly - tenants move when tenants move regardless of leases (you can't get blood from a stone in small claims.) They aren't rich like we aren't and what little rent we got didn't pay for the cleaning, painting and repairs that we had to do when they moved out. If it wasn't acceptable to me - it wasn't acceptable for my tennant. We scraped along for 7 years and finally had enough. We sold for what we bought them for. Landlord tenant laws are different everywhere - lots of people seem to think you are rolling in money if you are a landlord. Bottomline - We were too soft and feel we got taken advantage of - never will we do this again. If you can't afford your rent, don't be fooled you can't afford home ownership either -
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We had 7 units in a strata. All we wanted was to cover the mortgage, taxes and insurance. We kept the rents purposefully low, hoping to attract long term tenants. Quite frankly - tenants move when tenants move regardless of leases (you can't get blood from a stone in small claims.) They aren't rich like we aren't and what little rent we got didn't pay for the cleaning, painting and repairs that we had to do when they moved out. If it wasn't acceptable to me - it wasn't acceptable for my tennant. We scraped along for 7 years and finally had enough. We sold for what we bought them for. Landlord tenant laws are different everywhere - lots of people seem to think you are rolling in money if you are a landlord. Bottomline - We were too soft and feel we got taken advantage of - never will we do this again. If you can't afford your rent, don't be fooled you can't afford home ownership either -
YOU were the one who couldn't "afford the rent" by ""needing"" bootlickers to pay your costs as a wageslave. Bugger off, leech.
