All Forum Posts by: E.S. Burrell

 No she isn't off to a good start, but with everything going on I'd just like to know what is happening and we can work with it.  She has her own cleaning business and I imagine between the move and trying to run that with a 3 year old, she's run into some problems.

@Jay Hinrichs

5 out of 6 so far...whew I must say I was worried.

I have rent from 2 of 3.  The one who I haven't got rent from is new and I haven't received a reply to the email I sent.

 You're mistaken. I myself am definitely a firm, business-minded, and calculating type of individual when it comes to managing rentals. But I think most of the reasons given for sound like justifications for choosing a subpar asset class with subpar tenants, and they want to justify to themselves why they would never do such a thing as to help a tenant out a little (and I know the reason why which is below).

Really, it was a mistake to offer a small discount for paying on time?? OK, if you are that reliant on "cash flow" that 5% will make a a big difference at a time like this, you aren't an investor. You are a ruthless landlord (no shame in that) who chose the wrong asset class and tenant profile, and trying to bemoan someone for doing something a little nice thing for their tenants. 

You are perfectly in your right to not offer discounts. But a lot of landlords, myself and others on this thread, have done so. Bad idea? Choosing a non-profitable market where you have to chase down every $100.. now THAT was a bad idea.

@Jay Hinrichs

Thoughts on this thread Jay? I can see why you got out of landlording ;) you and I are too nice given what some people are saying in this thread!