We would support it. We only have 24 units, we field at least 50 calls a day. We would be fine. We have turned down an offer from the company that owns the other complexes. The offer was 3 times what we paid 10 years ago and had a few more zeros on the end of what we still owe. But these tenants have become family. Also from a business owner perspective I would rather have this steady income than the BS of a quick payday then having to reinvest somewhere else and work are butts off to get that sustainable without turning into a scumbag landlord. Landlording is easy if you charge exorbitant prices and pay people to do everything. We do all the work ourselves to keep the cost down. Meanwhile I work another full time job. So does my wife and we have two kids. I don’t have time to get another property to this point of sustainability.
We would support it. We only have 24 units, we field at least 50 calls a day. We would be fine. We have turned down an offer from the company that owns the other complexes. The offer was 3 times what we paid 10 years ago and had a few more zeros on the end of what we still owe. But these tenants have become family. Also from a business owner perspective I would rather have this steady income than the BS of a quick payday then having to reinvest somewhere else and work are butts off to get that sustainable without turning into a scumbag landlord. Landlording is easy if you charge exorbitant prices and pay people to do everything. We do all the work ourselves to keep the cost down. Meanwhile I work another full time job. So does my wife and we have two kids. I don’t have time to get another property to this point of sustainability.