- 21 Aug 14, 07:02#413414My sister does property rentals as well as being a dance teacher with dance studios. I've lost count of how many houses she has now. She rents to the bottom end of the market. Buys cheap( repossessions or houses that banks won't lend a mortgage on) then her bloke renovates them. She does them nicely, a simple formula for them all. Sometimes she sells them on, generally rents. The problem now is that housing benefit, that used to go direct to the landlord, now goes to the tenant, so in some cases, not all, they don't pay it over and my sister has shag and hassle getting it.
She accepts as part of the deal that a few houses will be wrecked when tenants leave. The worst one ever was a guy who's fallen back on payments and Julie was chasing him up over it. She said he was a nice enough guy but she didn't ever get inside the house. Then suddenly he disappeared. My sisters bloke went in and he wouldn't let my sister in. It was disgusting, everywhere was covered with faeces, animal and human. Unbelievable!
You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.
Abe Lincoln
Nearly all men can stand adversity, but if you want to test a man's character, give him power. Abe Lincoln
geets startup business is the most promising thing I've heard from the forum so far.
