Home Depot house paint sux big time!!

[dpb]

Ain't enough money in the world to get me to be involved in rental property if I had to do _anything_ on the maintenance aspect as being discussed in this thread... :)

--

[SteveB]

"dpb" wrote

True on real rental properties. We rented two houses to four different Police Officers, two to a house. Rented them for two years. They wouldn't change a light bulb or pick up a beer bottle, and there were thousands. But, they did pay their rent on time.

Then we decided on vacation rentals. House payments were about $700 a week. We now get $300 a night, $1700 a week, $3900 a month. Plus $100 cleaning fee for each group, which we just pass along to the two lady team that cleans the house.

When you get those rates, the maintenance takes on another dimension. And the people who stay are a totally different class of people. In three years on two houses, we only had one bad group, a bunch of frat rats that came for the poker tournament.

Steve

[dpb]

Diff'rent strokes...I want nothin' to do with it, personally. I'll make my money other ways, thank you. :)

--

[SteveB]

The bulk of our investments is in first deeds of trust through a gentleman my wife went to high school with. Very high rates for short term deals. Loans secured by real property. Still, it's hard to ignore a cash cow like a vacation rental when lots of people who come to Vegas pay cash. The vig on hard money lending is good, but cash is always handy, too. For SOOOOO many things. ;-)

Steve

[Oren]

We have local taverns in Las Vegas (PT's Pub), so a guy mentioned one day (not in the pub) - if they build PT's near you BUY!

Twelve years; I've been here in Vegas, and commercial continues to expand. I'm expecting a new red light at my nearest (main) intersection.

I think/know you might be right :)

-- Oren

"I don't mind coming to work, but that eight hour wait to go home is a bitch!"

[Oren]

90 percent of Nevada is still held by Bureau of Land Management (BLM). the last 10 percent is owned privately.

I don't want them to auction off the land for more houses to compete with mine. Buy my existing one :-) Prices stay up when they don't release the land to developers.

A guy in the Anthem/Seven Hills (local Las Vegas) was getting 5K a month from a Casino Executive for a comfortable rental. The vacation rental paid for a brand new pool - for the rental home...

-- Oren

"Well, it doesn't happen all the time, but when it happens, it happens constantly."

[Oren]

I found my OUCH! point :)

-- Oren

"Well, it doesn't happen all the time, but when it happens, it happens constantly."

[Al Bundy]

Jim wrote in news:1192171326.333496.184700 @q3g2000prf.googlegroups.com:

Why post that? It changed my opinion of it zero.

With the info you give it can be assumed a rotten prep job. Or maybe some wino just drank paint and puked it up on the walls.