Home Discord Chat
Go Back   ChiefsPlanet > Nzoner's Game Room
Reload this Page Life Owning Rentals
Register FAQDonate Members List Calendar

Reply
Page 1 of 4 1 234
 
Thread Tools Display Modes
Old 02-15-2019, 07:03 PM   Topic Starter
58-4ever 58-4ever is offline
The Collective Unconscious
 
58-4ever's Avatar
 
Join Date: Sep 2005
Location: The OP
Casino cash: $9520422
Owning Rentals
Hey CP, we've got a bunch of big dick bandits on here with cash flowing out of their ears, so how many of you own a rental? I may need some advice. I'm looking to gain some passive income without pimping... #pimpin'ainteasy
Posts: 10,425
58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.
     Reply With Quote
Old 02-15-2019, 07:09 PM   #2
Hog's Gone Fishin Hog's Gone Fishin is offline
Fish are scared of me
 
Hog's Gone Fishin's Avatar
 

Join Date: Nov 2001
Casino cash: $1620477
It's only good for a retirement, untl it's paid off it's all a bunch of hassle
Posts: 40,365
Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.
 Thumbs Up 3 Thumbs Down 0     Reply With Quote
Old 02-15-2019, 07:12 PM   #3
chinaski chinaski is offline
Veteran
 
chinaski's Avatar
 

Join Date: Feb 2015
Location: He/Him
Casino cash: $8739922
Quote:
Originally Posted by Hog's Gone Fishin View Post
It's only good for a retirement, untl it's paid off it's all a bunch of hassle
Yup.
Posts: 2,224
chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
     Reply With Quote
Old 02-15-2019, 07:11 PM   #4
chinaski chinaski is offline
Veteran
 
chinaski's Avatar
 

Join Date: Feb 2015
Location: He/Him
Casino cash: $8739922
Quote:
Originally Posted by 58-4ever View Post
Hey CP, we've got a bunch of big dick bandits on here with cash flowing out of their ears, so how many of you own a rental? I may need some advice. I'm looking to gain some passive income without pimping... #pimpin'ainteasy
We have two. We use property management companies for both. Both generate positive cash flow, but all money is saved in case of problems/maintenance. For example, last year we had to replace the HVAC system on our Texas house. Approx 6k. We had the money saved, so no big deal. Year before that, it was a fence that needed replacing. About 2k.

So...my advice is to not treat it as income and bank any "profit" for the inevitable problem.

We also own a Cabin in the Southern California Mountains, but we don't rent that. It's our getaway place.
Posts: 2,224
chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
     Reply With Quote
Old 02-15-2019, 07:24 PM   #5
58-4ever 58-4ever is offline
The Collective Unconscious
 
58-4ever's Avatar
 

Join Date: Sep 2005
Location: The OP
Casino cash: $9520422
Quote:
Originally Posted by chinaski View Post
We have two. We use property management companies for both. Both generate positive cash flow, but all money is saved in case of problems/maintenance. For example, last year we had to replace the HVAC system on our Texas house. Approx 6k. We had the money saved, so no big deal. Year before that, it was a fence that needed replacing. About 2k.

So...my advice is to not treat it as income and bank any "profit" for the inevitable problem.

We also own a Cabin in the Southern California Mountains, but we don't rent that. It's our getaway place.
So, essentially, you are just building wealth and a retirement egg when you sell them?
Posts: 10,425
58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.
     Reply With Quote
Old 02-15-2019, 07:41 PM   #6
chinaski chinaski is offline
Veteran
 
chinaski's Avatar
 

Join Date: Feb 2015
Location: He/Him
Casino cash: $8739922
Quote:
Originally Posted by 58-4ever View Post
So, essentially, you are just building wealth and a retirement egg when you sell them?
Yes.
Posts: 2,224
chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
     Reply With Quote
Old 02-15-2019, 07:58 PM   #7
Fat Elvis Fat Elvis is offline
Sexiest Athlete
 
Fat Elvis's Avatar
 

Join Date: Apr 2001
Casino cash: $1421925
Quote:
Originally Posted by chinaski View Post
We have two. We use property management companies for both. Both generate positive cash flow, but all money is saved in case of problems/maintenance. For example, last year we had to replace the HVAC system on our Texas house. Approx 6k. We had the money saved, so no big deal. Year before that, it was a fence that needed replacing. About 2k.

So...my advice is to not treat it as income and bank any "profit" for the inevitable problem.

We also own a Cabin in the Southern California Mountains, but we don't rent that. It's our getaway place.
Use a home warranty. We use those on our two rental properties, and they have been totally worth it. They help put an upper limit on some costs should something go wrong in a house (like blown A/C, water heater, etc.)

I should really qualify that: it depends how much you are able to charge rent. Our rentals are in a pretty decent neighborhood in a good school district. We are able to charge ~$1,300/month and be very selective about our tenants.

People who can afford to pay that kind of rent typically don't want to screw up their credit rating so they usually have both very good references and background checks.
Posts: 12,398
Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.
     Reply With Quote
Old 02-15-2019, 08:20 PM   #8
chinaski chinaski is offline
Veteran
 
chinaski's Avatar
 

Join Date: Feb 2015
Location: He/Him
Casino cash: $8739922
Quote:
Originally Posted by Fat Elvis View Post
Use a home warranty. We use those on our two rental properties, and they have been totally worth it. They help put an upper limit on some costs should something go wrong in a house (like blown A/C, water heater, etc.)

I should really qualify that: it depends how much you are able to charge rent. Our rentals are in a pretty decent neighborhood in a good school district. We are able to charge ~$1,300/month and be very selective about our tenants.

People who can afford to pay that kind of rent typically don't want to screw up their credit rating so they usually have both very good references and background checks.
I have had extremely bad luck with home warranty companies, but if you have had good luck...well, good on you. We had a home warranty on the Texas House, which is in a very good area, and we were denied on an HVAC issue early on when we bough the house (about 10 years ago) we let it expired and opted to do it on our own.

Our North Carolina house, well actually Town House, has been fairly solid. We had some minor roof damage due to the hurricanes this year, but we were able to fix it for less than the insurance deductible.
Posts: 2,224
chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.chinaski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
     Reply With Quote
Old 02-15-2019, 07:20 PM   #9
ChiefsCountry ChiefsCountry is offline
The Insider
 
ChiefsCountry's Avatar
 

Join Date: Jan 2004
Location: Lake of the Ozarks
Casino cash: $2238752
College town students or vacation rentals are your best bets. Regular rentals are the biggest pain in your ass and worthless ****s ever.
Posts: 49,652
ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.
     Reply With Quote
Old 02-15-2019, 07:23 PM   #10
58-4ever 58-4ever is offline
The Collective Unconscious
 
58-4ever's Avatar
 

Join Date: Sep 2005
Location: The OP
Casino cash: $9520422
Quote:
Originally Posted by ChiefsCountry View Post
College town students or vacation rentals are your best bets. Regular rentals are the biggest pain in your ass and worthless ****s ever.
I would think that college students would be the worst... I wasn't great, that's for sure.
Posts: 10,425
58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.58-4ever 's phone was tapped by Scott Pioli.
     Reply With Quote
Old 02-15-2019, 07:27 PM   #11
ChiefsCountry ChiefsCountry is offline
The Insider
 
ChiefsCountry's Avatar
 

Join Date: Jan 2004
Location: Lake of the Ozarks
Casino cash: $2238752
Quote:
Originally Posted by 58-4ever View Post
I would think that college students would be the worst... I wasn't great, that's for sure.
They pay though or their parents pay. Your property is going to get tore up regardless - it's all about who pays their rental faithfully.
Posts: 49,652
ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.ChiefsCountry is obviously part of the inner Circle.
     Reply With Quote
Old 02-15-2019, 07:26 PM   #12
Hog's Gone Fishin Hog's Gone Fishin is offline
Fish are scared of me
 
Hog's Gone Fishin's Avatar
 

Join Date: Nov 2001
Casino cash: $1620477
Quote:
Originally Posted by ChiefsCountry View Post
College town students or vacation rentals are your best bets. Regular rentals are the biggest pain in your ass and worthless ****s ever.
This is completely opposite
Posts: 40,365
Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.
     Reply With Quote
Old 02-15-2019, 11:07 PM   #13
DRU DRU is offline
To the Game
 

Join Date: Oct 2003
Casino cash: $7273516
Quote:
Originally Posted by ChiefsCountry View Post
College town students or vacation rentals are your best bets. Regular rentals are the biggest pain in your ass and worthless ****s ever.
and...I would say exactly the opposite.
Posts: 2,123
DRU 's adopt a chief was Sabby PiscitelliDRU 's adopt a chief was Sabby PiscitelliDRU 's adopt a chief was Sabby PiscitelliDRU 's adopt a chief was Sabby PiscitelliDRU 's adopt a chief was Sabby PiscitelliDRU 's adopt a chief was Sabby PiscitelliDRU 's adopt a chief was Sabby PiscitelliDRU 's adopt a chief was Sabby PiscitelliDRU 's adopt a chief was Sabby PiscitelliDRU 's adopt a chief was Sabby PiscitelliDRU 's adopt a chief was Sabby Piscitelli
     Reply With Quote
Old 02-16-2019, 10:19 AM   #14
BWillie BWillie is offline
Future NBA Finals MVP
 
BWillie's Avatar
 

Join Date: Apr 2006
Location: Earth
Casino cash: $2351241
Quote:
Originally Posted by ChiefsCountry View Post
College town students or vacation rentals are your best bets. Regular rentals are the biggest pain in your ass and worthless ****s ever.
I think the opposite is true. I did air bnb for an attic loft space and it just sucks the life out of you for admin time. Now I just rent it month to month. Much better.

Have places in Olathe, Shawnee, KCK.
__________________


Who wants free money?

Use the link below to sign up at Bovada, BetOnline, Black Chip Poker and Ignition. Contact me for private deals, spot bonuses, possible rakeback or any questions!

Bovada, Ignition, BetOnline, Black Chip Poker: baldeaglepoker.com

Bovada Poker is back! Get up to $500 poker deposit bonus.
Posts: 46,087
BWillie is obviously part of the inner Circle.BWillie is obviously part of the inner Circle.BWillie is obviously part of the inner Circle.BWillie is obviously part of the inner Circle.BWillie is obviously part of the inner Circle.BWillie is obviously part of the inner Circle.BWillie is obviously part of the inner Circle.BWillie is obviously part of the inner Circle.BWillie is obviously part of the inner Circle.BWillie is obviously part of the inner Circle.BWillie is obviously part of the inner Circle.
     Reply With Quote
Old 02-15-2019, 07:24 PM   #15
Hammock Parties Hammock Parties is offline
I'll be back.
 
Hammock Parties's Avatar
 

Join Date: Nov 2002
Casino cash: $4630478
buy cheap condos
__________________
Chiefs game films
Posts: 278,109
Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.
     Reply With Quote
Reply
Page 1 of 4 1 234

« Previous Thread | > Nzoner's Game Room < | Next Thread »

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump




All times are GMT -6. The time now is 06:32 AM.

Contact Us - ChiefsPlanet - Archive - Top

This is a test for a client's site.
Fort Worth Texas Process Servers
Covering Arlington, Fort Worth, Grand Prairie and surrounding communities.
Tarrant County, Texas and Johnson County, Texas.
Advertise with us!
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.