An argument against the Louisville, Kentucky market....

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Erik HitzelbergerPro Member
Investor · Louisville, KY · Member since 2011 · 331 posts · 278 votes
10y

I must say that I am disgusted by the title of this thread.  This was a tragedy that occurred because at least one (and by some accounts two) person/people mishandled a situation and it escalated.  There are many things to be learned here.  Investors can and should take heed.  This could happen ANYWHERE.  There was no need for the landlord to be at that door.  It's not his fault that he got shot, but had the proper systems been in place, he would still be alive.  To stereotype a market and disregard these lessons is foolish and dangerous.  To do so on a site that advocates eductation, is irresponsible at best. 

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  • James WilcoxBusiness Member
    Real Estate Agent · Bowling Green KY ~ Lexington, KY · Member since 2015 · 1k+ posts · 603 votes
    10y

    wow tragic. So many questions on this one, but if confrontation does increase it is always best to just walk away. Rent money is not worth it. If you have a proper lease and unpaid rent by a tenant the law is probably in your favor. Best to settle it in small claims court at a latter date.

    REI James w/ eXp Realty54 Reviews
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  • Justin S.
    OP
    Investor · Jackson, OH · Member since 2014 · 64 posts · 20 votes
    10y

    Agreed @James Wilcox.  I think that in the event you have no pre existing relationship with a tenant or a limited relationship, personal contact is unnecessary for several reasons:

    1. It could be dangerous

    2. It becomes personal and is 

        more difficult to make tough

        decisions. 

    3. The time investment is not

        financially beneficial. 

    4. You are deviating from your

         business model. 

    I'm sure there are some exceptions where a tenant reaches out to you, the tenant's payment history is stellar or an established pre existing relationship exists. 

    1Reply
  • Erik HitzelbergerPro Member
    Investor · Louisville, KY · Member since 2011 · 331 posts · 278 votes
    10y

    I must say that I am disgusted by the title of this thread.  This was a tragedy that occurred because at least one (and by some accounts two) person/people mishandled a situation and it escalated.  There are many things to be learned here.  Investors can and should take heed.  This could happen ANYWHERE.  There was no need for the landlord to be at that door.  It's not his fault that he got shot, but had the proper systems been in place, he would still be alive.  To stereotype a market and disregard these lessons is foolish and dangerous.  To do so on a site that advocates eductation, is irresponsible at best. 

    4Reply
  • Justin S.
    OP
    Investor · Jackson, OH · Member since 2014 · 64 posts · 20 votes
    10y

    Lighten up @Erik Hitzelberger. I'm certain that my post is not going to affect your bottom line. If you interpret the heading as a stereotype of the Louisville market, well, that's your take. I believe it was appropriately noted that it was a tragedy and that there were lessons to be learned from that tragedy.  I don't see anybody above "disregarding" the available lessons. 

    The entire intent of the posting was to evaluate the issues surrounding the event. If my heading missed the mark for you, my sincerest apologies. 

    1Reply
  • Bryan DruryPro Member
    Investor · Owensboro, KY · Member since 2008 · 131 posts · 65 votes
    10y

    @Justin S.,

    I don't quite understand how posting a derogatory heading like that helps you evaluate the issues surrounding the event.Please help me understand your position.Do you have other motives?Thanks

    0Reply
  • Justin S.
    OP
    Investor · Jackson, OH · Member since 2014 · 64 posts · 20 votes
    10y

    Point taken, Bryan.  But, I didn't suggest the heading helps evaluate the issues.  The entire content of my post was based solely on evaluating the issues.  Quite honestly, when originally posting, I was going to discuss the area of Louisville in which the incident occurred.  However, once I started typing, my thoughts changed and I continued  without a modification of the heading.  Other motives? I don't even understand that question.  Are we truly that sensitive?  To be clear, the entire justification behind the content in my post:

    1. Lessons potentially learned from the incident

    2. Sympathy for this man's family

    3. The importance of avoiding direct confrontation when possible and utilizing legal channels.

    Please, if you read anything else from my content, do let me know.  

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