Investing in anything can be risky and there's as much money lost as made with poor portfolio management. There's no such thing as a risk-free investment - whatever the publicity and hype says. Generally, the more expansive the promises, the greater the risk and the claims of quick and easy returns are the ones that are most likely to be broken but, with good and careful methodology, there are some sound investment opportunities around - Real Estate in Sarasota Florida is one of the best of them.

Re: I am seriously giving up real-estate

[Answer] [misc.invest.real-estate] [Newsgroups]

Subject: Re: I am seriously giving up real-estate
From: georgek@humboldt1.com (A Veteran for Peace)
Newsgroups: misc.invest.real-estate
Organization: ams
Date: Oct 25 2005 12:43:13
References: 1

In article <1130128661.707470.44010@o13g2000cwo.googlegroups.com>,
el_roachmeister@yahoo.com wrote:

I am thinking of giving up real estate . I bought one property to rent
out and am now trying to rent out a second property. The problems I
have experienced over the past year is unable to find good quality
tenants. I am trying to rent to upper middle class professionals.

Almost 90% of people who see my property have some serious issues, such
as:

1) have children - i see kids as destructive , noisy, unpredictable and
a lawsuit time bomb when they get injured

2) have pets - too many people have stupid cats and dogs that are just
dirty and unpredictable. replacing a ruined carpet is a huge cost, not
to mention barking dogs can annoy neighbours.

3) foreigners - tend to be dirty and irresonsible as far as looking
after property .

4) roommates - there is no guarantee they are going to stay together.
More than likely they will be asking to break the lease and then I am
stuck renting the place out again.

5) smokers - one word, yuck!

6) bad credit people - people with bad credit and bankrupticies are not
the kind of risk I want to deal with

Plus I have found most condo boards are a pain to deal with as far as
approving renting. I can fully understand their concern if I picked any
of the above people to rent my place out.

I wouldn't mind renting to the above people if I could charge extra on
a case by case basis, but I have never hear of any landlord doing this.

Am I being too cautious? How do other landlords do it and make money
consistently over the years? It must be even harder to find good
tenants in the lower income brackets.

you can always Rent to own your properties.
that way you get a larger "down" and more each month for the lease.
You just know they will take care of the place if they are "invested"
right?

--
Impeach Bush ! a noble cause
Operation Iraqi Liberation = O.I.L.

Date	Subject	Author
23.10.	I am seriously giving up real-estate	el roachmeister
24.10.	Re: I am seriously giving up real-estate	speednxs
26.10.	Re: I am seriously giving up real-estate	octogenerian
26.10.	Re: I am seriously giving up real-estate	el roachmeister
25.10.	Re: I am seriously giving up real-estate	A Veteran for Peace
26.10.	Re: I am seriously giving up real-estate	Sgt. Sausage
27.10.	Re: I am seriously giving up real-estate	Don
27.10.	Re: I am seriously giving up real-estate	octogenerian
28.10.	Re: I am seriously giving up real-estate	Don
28.10.	Re: I am seriously giving up real-estate	octogenerian
28.10.	Re: I am seriously giving up real-estate	Don

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