401K Retirement: High Risk To Be Millionaire
#68
....lol.... I don't know if I should laugh or cry for this issue. It's actually luck not not. Either self-management or property management, both would end up the same. When a tenant doesn't pay, it would take 3-6 months to get eviction done. 

Here are a few examples:
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-My cousin rents to a VNese for 6 years without problem except they call all the time to fix but not that's big problem.

-My friend rented to section-8 where they kept outside dirty which he had to kick them out. For section-8, they don't dare to destroy your property because when you report them, they will lost section-8 program. He rented to another regular one which he took the home back so he can live there where he had to give that family $2K to move out ....lol...

-I rented to a Mexican family for 6 years, on time 1st of the month payment. Then come to relative, they complain all the time even a small issue.

-My cousin gave the key to a Mexican guy to fix the house before getting new tenant, that Mexican guy moved his family in so police couldn't do nothing because he got the key to the house. That guy was able to live there for 6 months free before eviction. ....lol...


And the problem is on us too:
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-If we buy cheap house in ghetto places, no wealthy or middle class would rent so we're stuck with low class that can be trouble.

-If we have money in the upper class area, we would be able to rent out to working middle class without problem. But at these places, we may not able to afford.

The best options:
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-To request them to submit verification of employee and credit score
-Ask them to provide previous rental so you can call to check
-Write clearly in Rental Agreement and how often you would raise the rent and how much

If something is happened then we really can't avoid or do anything about it. Accept for whatever it's coming then get over it. 
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RE: 401K Retirement: High Risk To Be Millionaire - by BrokeAssMillionaire - 2024-02-16, 03:12 PM