/biz/ - Business & Finance

>>56886820
Stop posting

>>56886831
Stop posting

I'd recommend reits if you don't want to deal with the hassel

have you met rentoids

>>56886820
>Should I get a rental property? Is it a good business?
No and no.

I hope some crackhead pours concrete down your drain you fucking parasite

>>56887018
This most won’t pay on time and are crazy

real estate sounds like a fucking nightmare to me bro
can you imagine having to take care of some rentoids

>>56886820
Yes if you like your shit destroyed and to make constant losses through repairs, prolonged vacancies, moratoriums, non-paying tenants, taxes and other fees.

>>56886820
In a word? Fuck no.
I own two rental properties, one a duplex, one a threeplex.
Tenants are ALWAYS absolute fucking shitlords. Always. I charge 10% below the average here because it's Minneapolis and just a few blocks away from the George Floyd Shit hole which makes it largely lawless.
Tenants have a half life of about a year, then they get stupid and act like they own the place. Had one chick who started off awesome even though she was retarded. Then she wanted a dog. That is always when shit turns south. I don't allow dogs. They're filthy, chew on shit, and tenants don't give a fuck because it isn't their house. She gets three anyway. Two labs and a fucking pitbull.
I evict her.
She stays past the eviction, stops paying, and changes the locks.
Then she went on vacation for two weeks and left the dogs in the house.
I had to break in and just let the fucking dogs go.
Born free I guess, nigga.
There was shit absolutely everywhere and it took the finish off the hardwood floors.
Because of Minneapolis laws I had to get a storage unit for her shit at MY expense and move it there. Had the sheriff with me for that part.
She gets back and I tell her that the dogs got out while we were moving her shit out and I couldn't catch them.
Gave her the key to the storage unit and told her to fuck off.
She asks me for the damage deposit.
The fucking audacity!
The damage she did to the house was a bit over $9000 and I had to refinish the floors which was like two months without a tenant.
I just about had to sue her insurance company for the damages, but when they saw the pics and heard the story and got the sheriff's report they paid out.
Unless you're going to just slum it out to dindus and say fuck it, owning rental property isn't worth it.

>>56887506
how dare people try to exist in this capitalist hellscape? I'm surprised you even talked to her

>>56887520
retard

>>56887506
Also!
Never take Section 8.
As soon as you do, some government Sharmisha gets to determine who you are going to be renting to.
That means Taquisha and her seven crotch fruit goblins aging from 19 to 4, two pitbulls who be nice and ain't neva bit nobody and be nice as kittens and don't be worrying about Garrick and Tyrone, dey be on probation an sheeeit so dey be good boys.
Also...
Never rent to fatasses.
Fatasses lean on EVERYTHING. They will, within about two months, break off every single towel rack, sink, and anything else mounted to the wall in their effort to just walk on straight and level floors.
Then when you tell them to NOT lean on the sink and that's why it came loose from the wall and almost pulled a stud out and fucked up the drain plumbing, they will say something about either how they didn't do that or that it should be made more sturdy.
Also....
Gay guys can be awesome tenants, but lesbians are ALWAYS a problem, and that problem will be a domestic one where the big one puts the little one through a picture window, ends up arrested, and then you're stuck with a storage unit full of lesbian shit, and let me tell you, they ALL live like animals.
Right now I would sell these fucking houses for a dollar, but nobody wants houses here in the city of GTA5 where your property tax will be $5500 a year.
Fuck... I could sit here and tell tenant stories all fucking day. I gotta go to work now, but if this thread still lives when I get back, I'll post more

>>56887520
I honestly shouldn't have talked to her, but I heard her down there fighting with the door and went down to tell her to fuck off.
I don't know where you are OP, but unless you want near continuous headaches, rental property is barely worth it, especially in blue areas where tenants have honestly more rights to your house than you do.

>>56886820
I lost ~5k and plenty of my time renting a property out over the last year. The tenant moved out and left another 5k in damages. I would only suggest getting into the rental business if you are a really nice guy who feels guilty for slavery or something. Think of it as a slow burn reparations deal, a mortgage of sorts. You pay back your white guilt slowly but surely by being the father figure for ethnic minorities who never had one.

>>56887631
good info. these youngins dont know the bullets they dodgin.

>>56887674
yeah fuck people having rights, we should remove all of them!!

>>56887631
>>56887506
Can’t you ist personally screen the tenants before renting and only choose normal whites?
certainly you’d find a plausible reason to never rent to browns without making the real reason obvious, but that seems doable.
Rental properties is part of my post bull run strategy. I plan on looking at very white areas.

>>56886820
No, reits and dividend stocks. Less hassle.

it's a pain in the ass to manage, takes time and effort and is not without risks

>>56887863
>white areas
doesnt mean shit! white women and their dogs are a nightmare! u have never lived with an american woman! keep your naive ass out of rentals. that shit is for tech illiterate boomers that cant do anything else. anybody that makes it from crypto literally doesnt need to make money outside of it. if u think u do then u didnt make it.

>>56886820
I guess it's good as long as it doesn't destroy your wallet? idk, investments like this can shit you out if you're not careful, I'm still raising money with XOR for when I need to do this