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HOW MUCH IS YOUR GAS?
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[QUOTE]Originally posted by T e x: [QB] [QUOTE]Originally posted by retiredat49: [qb] Bottom line was OK...only because we bought our properties right, spent a lot of our time and money to renovate and update the properties, managed them properly, and sold them before the recent decline in the real estate market here in MI. What pisses me off is that we have over $12k in money judgments owed to us, and we only owned the properties for a little over 3 years...That erases ALL of our profit from the actual rental income...not to mention the costs to clean the mess and repair the damage they leave behind. The sad thing is...the deadbeats were the straw that broke the camels back, and the reason we sold all of our residential rental properties... [QUOTE]Originally posted by T e x: [qb] [QUOTE]Originally posted by retiredat49: [qb] Hated it Tex...the "deadbeats" took all the fun...and profit out of it. Sold them all last year. Funny thing is that the courts around here DO NOT go easy on landlords, and give tenants a LOT of latitude, but every eviction that I attempted was granted easily...why...irresponsibility Score: People with legit reasons for not paying their rent - 0 People that were blatantly irresponsible - 8 [/qb][/QUOTE]Sounds like you made the right move, bro. Obviously, that's not a market for everyone. Trust your bottom line is OK... [/qb][/QUOTE][/qb][/QUOTE]as pitched, numbers not piling up for me... lol, remember, I ain't the quickest with math. Are you saying $12k divided by 3 years? Or that result, plus? [/QB][/QUOTE]
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