posted on Aug, 19 2017 @ 09:07 AM
a reply to: TinySickTears
I am in the same boat, just on the opposire side.
I have a wonderful family renting one of my houses. They are hard working, reliable, lovely people. Over the years the cost of everything has
increased, but I haven't increased the rent because I know it hasn't been easy for them. The maintenance and the taxes leave little room for any
profit, and now I am looking at having to refurbish the pool and redoing the roof.
Without a significant increase in the rent I am looking at a deficit, so I am thinking about selling also. I hate the thought of it, but I just may
not have a choice. I know that they can't afford a raise in their rent, because the husband is in a real nasty custody battle for his daughter from
another marriage. I don't get involved in my tenants personal lives, but his ex wife has shown herself to be straight from the pits of hell. She drew
me into this battle with a sheath of lies she told about what she claims he is making, and how much he is paying me. Couple that with malicious
vandalism of my property, caught on camera, and you get a pretty good idea of what he is dealing with.
Anyway, I understand the problems from the other side, and sometimes it is painful for both parties.
As far as buying and financing goes, don't forget to factor in the taxes, the utilities, the basic maintenance, and the cost of major replacements and
repairs. A house is a major investment that when you least except it, can drain you dry.
edit on 19-8-2017 by NightSkyeB4Dawn because: Word edits.