Am I mad...???

[Lamplighter]

Being an out-of-town landlord can be deadly.
If you do rent out your place, get a good Property Manager firm
If you do get a Property Manager, do a LOT of research on them be for signing a contract.
If you do a lot of research, include talking with some of their clients.
It's pay me now or pay me later.

[casimendocina]

Originally Posted by Lamplighter

Being an out-of-town landlord can be deadly.
If you do rent out your place, get a good Property Manager firm
If you do get a Property Manager, do a LOT of research on them be for signing a contract.
If you do a lot of research, include talking with some of their clients.
It's pay me now or pay me later.

Being an in-town landlord can be just as deadly. Tenants that start off with what appear to be impeccable rent histories can drop their bundle and stop paying, refuse to answer their phones/return messages, open their mail and then reneg on payment plans. Not that every tenant is like that...you just have to be prepared for unreliability. Take out landlord insurance.

[Pete Zicato]

What did you decide?

[casimendocina]

Originally Posted by casimendocina

Being an in-town landlord can be just as deadly. Tenants that start off with what appear to be impeccable rent histories can drop their bundle and stop paying, refuse to answer their phones/return messages, open their mail and then reneg on payment plans. Not that every tenant is like that...you just have to be prepared for unreliability. Take out landlord insurance.

Thank god (or whatever deity happens to be out there) for the Residential Tenancies Tribunal.

[casimendocina]

Originally Posted by casimendocina

Being an in-town landlord can be just as deadly. Tenants that start off with what appear to be impeccable rent histories can drop their bundle and stop paying, refuse to answer their phones/return messages, open their mail and then reneg on payment plans. Not that every tenant is like that...you just have to be prepared for unreliability. Take out landlord insurance.

A tree fell on my house last Sunday leaving a 24 tile hole in the roof. The tenant who has been "unable to open mail, answer the phone, return texts or pay the rent because of depression" has found somewhere else to go, without any encouragement from me, the agent or the Residential Tenancies Tribunal, in the space of a week.