Quote:
Originally Posted by darklord700
Exactly. Even though I had net cash inflow from renting, it only take one bad renters to wipe out years of gains. That's why I stop doing it as it's just not worth the hassle and risk. I would welcome our Honorable Mayor Nenshi to show me how to get rich quick from renting.
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That's also why it's so valuable to have a renter who cares and takes care of the property. A good long term renter is gold. If that tenant feels like they are being gouged when times are good, you will lose that tenant, and the odds of ending up with a loser who will trash the place greatly increases.
You get rich slow by renting.