Quote:
Originally Posted by Harry Lime
Looking at this simply as a 'bottom line' investment can cause more issues, that will cost more money, over the long run. The human element should be taken into consideration, and value should be assigned to the quality of upkeep by the renter and the time and repair that falls to the landlord.
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I think including the human element is still looking at it as a bottom line investment, you're just suggesting that landlords should be more aware of all the things that contribute to the bottom line just beyond the rent amount and mortgage payments, which is very true. I see it as landlords leaving stuff out of their balance sheets.
I have a place that's renting for quite a bit below market, but the tenant is outstanding and does a lot of little stuff for me for free, is easy to deal with, and doesn't have risk of damage. When I look at my bottom line, I take that into consideration.