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Non-Cattle Specific Topics
Coffee Shop
Home rent prices are unreal.......
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<blockquote data-quote="bbirder" data-source="post: 1760609" data-attributes="member: 14490"><p>Those of you that have the desire to stay in the rental business should move from residential to commercial property. Your customers have some stake in the game. Once a business is established, they want to keep the same address and keep it maintained. Write a strong lease and warn them up front that you will hold them to it. My rents were due on the first, and if it was not in my hand by the 10th, I would start eviction proceedings and put up a "For Lease" sign in front of their business. Never had much trouble collecting.</p><p>True story. I once had a preacher lease one of my buildings for a church. He was paying $2000/mo, and after a few months he approached me and asked if I would consider lowering the rent. I told him, "Reverend I'm in the rental business and you are in the preaching business. If you can't make the rent, pass the plate twice" He agreed with me and kept the lease for two more years.</p></blockquote><p></p>
[QUOTE="bbirder, post: 1760609, member: 14490"] Those of you that have the desire to stay in the rental business should move from residential to commercial property. Your customers have some stake in the game. Once a business is established, they want to keep the same address and keep it maintained. Write a strong lease and warn them up front that you will hold them to it. My rents were due on the first, and if it was not in my hand by the 10th, I would start eviction proceedings and put up a "For Lease" sign in front of their business. Never had much trouble collecting. True story. I once had a preacher lease one of my buildings for a church. He was paying $2000/mo, and after a few months he approached me and asked if I would consider lowering the rent. I told him, "Reverend I'm in the rental business and you are in the preaching business. If you can't make the rent, pass the plate twice" He agreed with me and kept the lease for two more years. [/QUOTE]
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Home rent prices are unreal.......
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