Gerhardt
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Gerhardt
I'll hold down the fort lolI have a condo in Old San Juan, Puerto Rico and we are about to leave and go up to our place in Iowa. We usually come down several times a year, but my daughter is pregnant, my wife wants to go to a business conference, and it is looking more and more like the condo will be sitting until the end of December. This is a nice place, in a gated condominium, in an upscale neighborhood, in one of the most historic areas in America. I mean, I live on the street that starts from Ponce De Leon's home, and runs to his offices at the other end. I would like to find someone to rent it this summer and fall, but I am so afraid of someone coming in and trashing it. I wouldn't be just a long distance land lord, I would be a really really long distance land lord. Anyway, our next door neighbors rent, they are great people, but the condo that they live in is for sale, and someone is looking pretty close at it. If they have to move, I would be happy to have them in my place for a while, but otherwise, I don't know how I find someone I could trust in here.
I have a condo in Old San Juan, Puerto Rico and we are about to leave and go up to our place in Iowa. We usually come down several times a year, but my daughter is pregnant, my wife wants to go to a business conference, and it is looking more and more like the condo will be sitting until the end of December. This is a nice place, in a gated condominium, in an upscale neighborhood, in one of the most historic areas in America. I mean, I live on the street that starts from Ponce De Leon's home, and runs to his offices at the other end. I would like to find someone to rent it this summer and fall, but I am so afraid of someone coming in and trashing it. I wouldn't be just a long distance land lord, I would be a really really long distance land lord. Anyway, our next door neighbors rent, they are great people, but the condo that they live in is for sale, and someone is looking pretty close at it. If they have to move, I would be happy to have them in my place for a while, but otherwise, I don't know how I find someone I could trust in here.
As a landlord, I've had pretty good luck with my tenants taking care of my houses.
As a renter, back in the day, I never bothered with a clean up when I left. I didn't leave the place a bio hazard, but I didn't bother with all the requirements that needed to be met to get my deposit back either. Doing some quick math showed the amount spent to meet those requirements would be a wash at best. Normally it would have cost more.
I've seen people spend $2-300 in order to get their $75 deposit back. Not for me.
I pay a property manager 10% for my rental house and they do EVERYTHING and send me a check every month. Have not dealt with a tenant in 10 years.
Best 10% I have spent in my life!
I guess everyone's definition of clean varies. To me if everything has been emptied out, scrubbed down, vacuumed, and there's no damage due to carelessness/negligence/malice one ought to expect their full deposit back. Normal wear & tear should be the landlord's responsibility.
Then again I can also see from the landlords perspective how frustrating it must be to put together a perfect apartment, then come in to a couple year's worth of typical wear and tear and see things differently. I also suppose normal wear and tear from a little old lady, a 20-something single guy, and a family with young kids are gonna be different.
......
I pay a property manager 10% for my rental house and they do EVERYTHING and send me a check every month. Have not dealt with a tenant in 10 years.
Best 10% I have spent in my life!
I hear more property management nightmare stories than I do tenant stories. Around here the PM companies rake off the cream before giving the owner any scraps that may be left.
* They keep 10%-15% whether the unit is rented or not, so there's not much incentive.
* Tenant calls about any small thing going wrong, they'll hire someone to fix it, at your expense. Something I can fix for $5 in two minutes might cost $100 after the service call fee. Plus the PM company's fee to call someone.
* Because my apts aren't the best in town the PM company will rent to the same people I would, so there's no advantage w/ any screening they'd do.
I'll deal with the dregs of society on my own. It's a PITA, but at least it's profitable.