New water heater heats for 1/10th of the cost.

[Ryland]

Originally Posted by redpoint5

Are you a landlord Pawtuckett? My comments are made not out of ignorance, but of experience. My rentals go for about $400/mo and attract the poorest tenants. I once gave a tenant an extra 2 weeks to pay the modest rent, and at the end of the 2 weeks grace, sent notice of eviction for non-payment. My kindness was repaid by hammer holes throughout my walls.

It sounds like you need to be pickier about who you rent to, around here people trash the places that have $500 a month utility bills when it only costs $450 to rent the house because it's clear that the land lord doesn't care enough about it make it cost less to live there.
But if you take care of a place and are picky about who lives there then people will seek you out to rent from you and they will stay there for more then a year, someone who lives in a place for more then a year tends to take better care of it as well, costing you less in repairs between renters too.

[redpoint5]

Originally Posted by Ryland

But if you take care of a place and are picky about who lives there then people will seek you out to rent from you and they will stay there for more then a year, someone who lives in a place for more then a year tends to take better care of it as well, costing you less in repairs between renters too.

True enough. My rental units are located in Oklahoma, I am located in Oregon, and therein lies the difficulty.

[sid]

One house down the street from me was rented to the same couple for over 30 years. One half of the couple finally died and the other moved to a nursing home, which is why the house in now empty and has a "for Rent" sign in front of it. Talk about the ideal tenants!

[ron]

well the truth is, I took out money over the years so Im upside down on payment verses income at the moment & on this home. Our uncle(SAM) almost requires fuzzie math, useful at tax time. dont ya know