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True, that kind of sucks but in winter and near Christmas is a bad time to try renting any home and it maybe even worse on an acreage. I`m getting in pretty deep by repainting all of the inside from top to bottom and all new flooring so it`s a pretty serious reno. I figure it`ll take a while with afew extras that pop up along the way and I want to have it all done well before spring.
Every thing you do will pay off hopefully when you get the greatest tenant...
I`ve had some great, some good, some fair and some not welcome back type tenants so I`m learned abit about picking them.
When adding up the rental income from the past 38 years this house has more than paid for it`s self many times over and the best part is that I still own this beautiful property. It doesn`t get any better than this.
I hear you on having someone else pay for your stuff, our renter pays for our land and then some! Although we just bought our land in 07, so it will take a few years for renters to pay it off, but they will yet
Good afternoon Gerry, it was a cold one here today but it`s slowly warming up so it`ll be a nice weekend.
Originally Posted by preppypyro
Where abouts is your rental place Morris?
I hear you on having someone else pay for your stuff, our renter pays for our land and then some! Although we just bought our land in 07, so it will take a few years for renters to pay it off, but they will yet
This one is next door here on this farm, the other one is 5 miles closer to Saskatoon.
I have farm land and home rentals, both are good in their own way. Less work with farm land but more $$ in home rentals tho there is some upkeep involved.
I sold my rental house, nothing but trouble with renters not paying & leaving garbage behind...........thats enough, G
I`ve had afew of those too but fortunately it`s been seldom.
Sheldon, I have 3 quarters of my and plus one that used to be my brother`s that I rent back from PCS.
Thats cool Morris, I didnt realize you had so much farm land still. Do you rent it out per acre, or how does that work? For ours we rent it out for each 1/4 section.
That's cool Morris, I didn't realize you had so much farm land still. Do you rent it out per acre, or how does that work? For ours we rent it out for each 1/4 section.
It`s all rented out by the quarter, some is cash rent and some is crop share.