12-25-2018, 03:21 PM
One of the reasons CA is so expensive is because they are the opposite - so tenant-friendly that many people just don't want to rent out property, which then creates it's own issues. It's basically a vicious cycle.
There is NO WAY I would rent out property in CA. None. There is just not enough upside as a landlord to deal with the downside. It is impossible to get someone evicted even if they don't pay rent. So I'm paying the mortgage, but they're not paying the rent, this goes on for months, and I'm screwed. I know so many people that used to rent out property, but they eventually sold it to get out of the game, because it sucked so bad.
I imagine there are many states out there in the happy medium, where tenants who don't pay have to get out quickly to mitigate the landlord's losses, and landlords have to act quickly to repair/maintain their property for their tenants. Those are the only places I'm going to own rental property in the future.
There is NO WAY I would rent out property in CA. None. There is just not enough upside as a landlord to deal with the downside. It is impossible to get someone evicted even if they don't pay rent. So I'm paying the mortgage, but they're not paying the rent, this goes on for months, and I'm screwed. I know so many people that used to rent out property, but they eventually sold it to get out of the game, because it sucked so bad.
I imagine there are many states out there in the happy medium, where tenants who don't pay have to get out quickly to mitigate the landlord's losses, and landlords have to act quickly to repair/maintain their property for their tenants. Those are the only places I'm going to own rental property in the future.
TESU BSBA/HR 2018 - WVNCC BOG AAS 2017 - GGU Cert in Mgmt 2000
EXAMS: TECEP Tech Wrtg, Comp II, LA Math, PR, Computers DSST Computers, Pers Fin CLEP Mgmt, Mktg
COURSES: TESU Capstone Study.com Pers Fin, Microecon, Stats Ed4Credit Acct 2 PF Fin Mgmt ALEKS Int & Coll Alg Sophia Proj Mgmt The Institutes - Ins Ethics Kaplan PLA
EXAMS: TECEP Tech Wrtg, Comp II, LA Math, PR, Computers DSST Computers, Pers Fin CLEP Mgmt, Mktg
COURSES: TESU Capstone Study.com Pers Fin, Microecon, Stats Ed4Credit Acct 2 PF Fin Mgmt ALEKS Int & Coll Alg Sophia Proj Mgmt The Institutes - Ins Ethics Kaplan PLA