I owned a rental property many years ago. It was a real pain in the ass getting the deadbeat family out of there when they could no longer make rent.
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I owned a rental property many years ago. It was a real pain in the ass getting the deadbeat family out of there when they could no longer make rent.
The dude was a hard working chiropractor, but I guess he ran out of backs to crack. It was beach property so still made a little profit when I sold the place. Hindsight says if I had kept it, I would have a nice weekend retreat fully paid off worth way more now. No regrets though.
Anybody considering being a landlord should watch the movie with Michael Keaton called Pacific Heights.
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