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Old 02-01-2020, 10:08 PM   #70 (permalink)
freebeard
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171%.-115%.-107%.-102%.
Temporary crano-rectal inversion.

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The return on improvements assumes hiring someone to do all the work.

On a rental my "slumlord" buddy says it's never worth it to remodel anything, just fix the broken... He bought 10 properties in this town for under $20,000 each 25 years ago, did just enough to make them rentable and they currently all go for over $1000/mo each now and have had constant occupancy.
$120K/year but he's den mother to 10 posses of who-know-what going on. My slumlord has 60+ units, and I suspect my neighbor (30days notice, not budging) is blackmailing/threatening him.

My little brother tried rental properties. He had to drive from Beaverton to Oregon City to replace water heaters, and &. Eventually he got out from under it all, but he had to sell his 1940 Ford panel truck to afford a sailboat to make his escape. I'd have just driven the truck but he wanted to live in a hole in the water.
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