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2006-11-13 12:53 AM

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Elite
3972
200010005001001001001002525
Reno
Subject: I hate renting

 I moved into a rental that was not really clean (for $1100 a month!

It was superficially clean, but on the first 3 days of living there, I  de-grunged the grout in the kitchen(it was black and greasy), washed all the walls, scraped off candle wax from the wall, over the door and window woodwork was nasty black, threw away all the crap left in the bathroom vanity, washed away the orange soap squirted around the shower, worked on the long-accumulated soap scum in the shower, an still today look at the paint blob-drips all over where they "fixed" the nail holes.   The dude should just step away from the spackle - on real plaster walls he"fixes" just makes it worse.   And don;t get me started on the "calk jobs" - it looks like he was going for the frosty peaks of merenge!  When I moved in, I did point out a number of these things to the land lord.   some 20something kid who owns it with his parents and leaves his elderly mother to do all the work.   I took photos, and if I could find the cord that connects the camera with the computer, I would post them. 


Today, after I wedged in wood peices where the window was flopping around in its frame (alerted owners on move in day), I summoned up the fortitude to move the appliances.    OMFreakinG   The tennent before me did not live here long, from my understanding, but there was the most nasty surfaces under and besides the stove - like people were fond of frying food.    Crusty slime all down the sides, broken glass stuck in the dirt sludge underneath.  On the walls behind the fridge, I just wrote the date in the dirt to record the situation.   Now they want me to sign an adendum to the lease and write another check for a pet deposite that they forgot to add on after we clearly devulged we had her in our application.   and the clause is very vague about what it covers.   I have a fixed female cat and there are no carpets here - and all the screens are high up out of her reach - what could she do??    so it is another $300 they can steal from me when I move out (on top of the $1000 they already have) - I hear Nevada is a landlord's state - no tennents rights.  

I have tennents in my condo in Denver - we made sure it was spotless before the first set moved in and again when there was a change in tennents.  I charged the old tennent for burning holes in the porch, but ate some cleaning costs.   I like setting the bar high for my tennents so they treat it right.

I hate renting.  it is like hell with white paint - I hate white walls!  



2006-11-13 12:59 AM
in reply to: #597391

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2006-11-13 1:10 AM
in reply to: #597391

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2006-11-13 6:35 AM
in reply to: #597391

Master
1862
10005001001001002525
San Mateo, CA
Subject: RE: I hate renting
bootygirl - 2006-11-12 10:53 PM

 I hate renting.  it is like hell with white paint - I hate white walls!  

Word!  The only advantages I can see right now are that when something breaks I call the property management company and they're on top of the problem - whatever it might be, and at present I'd rather spend my weekends doing something other than home improvement or yard work or anything remotely related to taking care of property.  However, in the not too distant future, we'll be looking into buying a home. 



Edited by betyoursilver 2006-11-13 6:51 AM
2006-11-13 8:22 AM
in reply to: #597391

Expert
1274
10001001002525
Houston, TX
Subject: RE: I hate renting
Renting really does stink! My wife and I rented all through college, got married 3 years ago, and are now looking to buy our first town house. It will be a great feeling to put down flooring that we like, paint how we want to paint, and not worry about it! Good luck cleaning and I would fight the pet depo.
2006-11-13 8:50 AM
in reply to: #597398

COURT JESTER
12230
50005000200010010025
ROCKFORD, IL
Subject: RE: I hate renting
Lara - 2006-11-13 12:10 AM

p.s.  - it's a step UP from the trailer park   not that there is anything wrong with living in a mobile home, mfg home or trailer.

That's right.  I was trailer trash for about a year as a child.



2006-11-13 9:03 AM
in reply to: #597391

Master
3019
20001000
West Jordan, UT
Subject: RE: I hate renting
Owning is not really that awesome either, I hate to break it to you.   You still get to write a giant check out every month for a place to live.  "But you are paying YOURSELF rent..." they all say.  Yeah, $50 a month is all, the rest is interest.  Then it costs you $10,000 to move or a LOT of work.   And you still might get stuck with a place that has a lot of hidden "treasures" behind the shiny white paint.  
2006-11-13 9:36 AM
in reply to: #597539

Elite
3972
200010005001001001001002525
Reno
Subject: RE: I hate renting

ah - I do and have owned a home, just not in this city.

A sudden move for work has caused me to rent again.  I will be looking in the new year to buy another home.

Does anyone know how I can find out what they paid for this house in Reno?  I know in Denver there is a website. 

 



Edited by bootygirl 2006-11-13 9:36 AM
2006-11-13 10:34 AM
in reply to: #597539

Elite
2552
20005002525
Evans, GA
Subject: RE: I hate renting
tkbslc - 2006-11-13 9:03 AM

Owning is not really that awesome either, I hate to break it to you.   You still get to write a giant check out every month for a place to live.  "But you are paying YOURSELF rent..." they all say.  Yeah, $50 a month is all, the rest is interest.  Then it costs you $10,000 to move or a LOT of work.   And you still might get stuck with a place that has a lot of hidden "treasures" behind the shiny white paint.  


I would agree with you, except when your house gains value (and most do over the long haul), you get the added value. E.g. I recently bought a house for my Mom at 76k (real estate is cheap in Augusta, GA. After living there two years we made some repairs, cleaned up the yard and put in a sprinkler. The tax assessor came by and re-evaluated the house at 90k. Just like that (assuming it doesn't drop in value) you've made 14k minus selling expenses.

In many markets, real estate gains over the long run. Real estate is limited in supply and thus will increase over the long term. With the exceptions of tectonic plate shifts and volcanos, (and Lex Luthor's scheme), land is a limited resource.

As far as hidden problems, I agree. That's why you get an aggressive home inspector that you can trust before you move in. I'll grant you that there can be disasters with poor foundations, shoddy building etc., but normally the odds of serious problems can be reduced if you get people who know what to look for and you are very aggressive about asking questions.

2006-11-13 10:38 AM
in reply to: #597627

Giver
18427
5000500050002000100010010010010025
Subject: RE: I hate renting

Bluejack - 2006-11-13 11:34 AM  I would agree with you, except when your house gains value (and most do over the long haul), you get the added value. E.g. I recently bought a house for my Mom at 76k (real estate is cheap in Augusta, GA. After living there two years we made some repairs, cleaned up the yard and put in a sprinkler. The tax assessor came by and re-evaluated the house at 90k. Just like that (assuming it doesn't drop in value) you've made 14k minus selling expenses. 

And the interest is of course deductable.

We bought our house here in Augusta for $102k 4 years ago and after doing nothing but cosmetic stuff (paint, mostly), it just appraised for $179.

Very nice, I like.

2006-11-13 10:40 AM
in reply to: #597539

Master
1862
10005001001001002525
San Mateo, CA
Subject: RE: I hate renting

tkbslc - 2006-11-13 7:03 AM Owning is not really that awesome either, I hate to break it to you.   

That's true.  Around these parts, condos and townhomes are often the only way into the market for some first-time homebuyers.  Fortunately, I never purchases a condo or TH when I was previously in the market to buy.  I've heard way too many horror stories from coworkers and friends  about their condo association management company.  The complaints range from management co's embezzling the association's money, or repeated high-dollar assessments because the association failed to make timely repairs to the building so the repairs now cost twice what it should have or the association failed to collect the proper amount of association dues in the past. 

I'm holding out for a single family home, rather than a condo or TH.



Edited by betyoursilver 2006-11-13 10:41 AM


2006-11-13 11:13 AM
in reply to: #597391

Elite
3972
200010005001001001001002525
Reno
Subject: RE: I hate renting

I have a condo - I loved living there.   I  bought in 1998 and the value has doubled.   I was president for about 4 years of the HOA and we hired a great management company.   N

ow I have renters in there now - the rent they pay me pays all of my mortgage, my HOA, and some profit.

2006-11-13 11:20 AM
in reply to: #597673

Master
1862
10005001001001002525
San Mateo, CA
Subject: RE: I hate renting
bootygirl - 2006-11-13 9:13 AM

I have a condo - I loved living there.   I  bought in 1998 and the value has doubled.   I was president for about 4 years of the HOA and we hired a great management company.   Now I have renters in there now - the rent they pay me pays all of my mortgage, my HOA, and some profit.

If the HOA is well-run, I'm sure that condos and THs are fine - the key is having a great HOA.  However, in instances where the HOA is dicey, I don't know that I could justify living in one when I'm receiving $20,000 assessments several times per year.  Might as well own a house at that point.

2006-11-13 11:22 AM
in reply to: #597391

Alpharetta, Georgia
Subject: RE: I hate renting
Agreed, renting sucks. I hate it that landlords aren't held to standards such as inspections like potential homeowners are. The house I used to rent got PUMMELED by a freak hail storm this spring. Every house within 10 blocks had to get a new roof. My landlord couldn't care less (for now, anyway) because she didn't want her insurance to go up.

The house I bought is only 5 blocks away and I got a brand new roof for free because the inspector said it was mandatory (too much damange, totaled the roof out). The previous owners paid their insurance deductible. They also had to have it treated for termites, fixed multiple plumbing issues and had to provide documentation on the foundation.

Like I said, it would be nice if renters got the same peace of mind when they sign that lease.

2006-11-13 11:26 AM
in reply to: #597391

Member
43
25
Baytown, TX
Subject: RE: I hate renting
I'm new to the landlord game and I think that we are lucky for the renters we have. But it is nerve-wracking wondering how the people are going to treat your place. Both of the places we are renting out are clean and nice. So we hope that our renters are neat freaks and that we get them back in reasonable shape. I'll take moderately neat (can't always expect neat freak).

We do feel responsible to provide a home clean enough that we would live in it. I joke around that our rental properties are better cared for than the house we are in!! So from my perspective, thanks for wanting to care for the home you live in.

If you are ever quickly disposed to live on the east side of Houston, let me know!
2006-11-13 11:26 AM
in reply to: #597627

Master
3019
20001000
West Jordan, UT
Subject: RE: I hate renting

Bluejack - 2006-11-13 9:34 AM
tkbslc - 2006-11-13 9:03 AM Owning is not really that awesome either, I hate to break it to you.   You still get to write a giant check out every month for a place to live.  "But you are paying YOURSELF rent..." they all say.  Yeah, $50 a month is all, the rest is interest.  Then it costs you $10,000 to move or a LOT of work.   And you still might get stuck with a place that has a lot of hidden "treasures" behind the shiny white paint.  
I would agree with you, except when your house gains value (and most do over the long haul), you get the added value. E.g. I recently bought a house for my Mom at 76k (real estate is cheap in Augusta, GA. After living there two years we made some repairs, cleaned up the yard and put in a sprinkler. The tax assessor came by and re-evaluated the house at 90k. Just like that (assuming it doesn't drop in value) you've made 14k minus selling expenses. In many markets, real estate gains over the long run.

Real estate will almost invariably increase in value over the long run.  Problem is, so does every other house in the market as well.  So, you are not any better off because you still need a place to live after you sell your house.     Real estate equity is never fully realized unless you go back to renting or move to a cheaper market.  

 



2006-11-13 12:20 PM
in reply to: #597688

Elite
2552
20005002525
Evans, GA
Subject: RE: I hate renting
tkbslc - 2006-11-13 11:26 AM

Bluejack - 2006-11-13 9:34 AM
tkbslc - 2006-11-13 9:03 AM Owning is not really that awesome either, I hate to break it to you.   You still get to write a giant check out every month for a place to live.  "But you are paying YOURSELF rent..." they all say.  Yeah, $50 a month is all, the rest is interest.  Then it costs you $10,000 to move or a LOT of work.   And you still might get stuck with a place that has a lot of hidden "treasures" behind the shiny white paint.  
I would agree with you, except when your house gains value (and most do over the long haul), you get the added value. E.g. I recently bought a house for my Mom at 76k (real estate is cheap in Augusta, GA. After living there two years we made some repairs, cleaned up the yard and put in a sprinkler. The tax assessor came by and re-evaluated the house at 90k. Just like that (assuming it doesn't drop in value) you've made 14k minus selling expenses. In many markets, real estate gains over the long run.

Real estate will almost invariably increase in value over the long run.  Problem is, so does every other house in the market as well.  So, you are not any better off because you still need a place to live after you sell your house.     Real estate equity is never fully realized unless you go back to renting or move to a cheaper market.  

 



Point taken, but if you rent you never generate any equity. At least when you own a home and it gains value, you generate enough equity to purchase a larger home for the family after your starter home. Once you reach an age where a smaller house is more suitable, you can then sell the house and get back some equity and buy a smaller home or more remote home for retirement.
In some communities the rent is cheap enough that buying a home for the short run is not justified due to tranaction costs when buying a new home. But for the most part (in my inexpert opinion), if you have the down payment, buying a home will leave you with more money in the long run.
2006-11-13 2:21 PM
in reply to: #597639

Master
2006
2000
Portland, ME
Subject: RE: I hate renting
betyoursilver - 2006-11-13 10:40 AM

tkbslc - 2006-11-13 7:03 AM Owning is not really that awesome either, I hate to break it to you.   

That's true.  Around these parts, condos and townhomes are often the only way into the market for some first-time homebuyers.  Fortunately, I never purchases a condo or TH when I was previously in the market to buy.  I've heard way too many horror stories from coworkers and friends  about their condo association management company.  The complaints range from management co's embezzling the association's money, or repeated high-dollar assessments because the association failed to make timely repairs to the building so the repairs now cost twice what it should have or the association failed to collect the proper amount of association dues in the past. 

I'm holding out for a single family home, rather than a condo or TH.

As an owner of a real estate management company (www.foresidemanagement.com) , I want to clarify that the vast majority of management companies are ethical and professional. I pride myself on the quality service we provide to homeowner association and ability to work with Boards to create a wonderful community  experience.

Do things go wrong? Are there assessments sometimes? Well yes, stuff happens, but you manage it and get through it. My Company grows by word of mouth and that would not happen if we were anything but honest. We also never, ever co-mingle funds between any of the properties or my Company's funds. My accounting department hates it as they have to reconcile a couple of hundred banks accounts every month.

 

2006-11-13 3:06 PM
in reply to: #597391

Champion
11641
50005000100050010025
Fairport, NY
Subject: RE: I hate renting
bootygirl - 2006-11-13 1:53 AM

Now they want me to sign an adendum to the lease and write another check for a pet deposite that they forgot to add on after we clearly devulged we had her in our application. and the clause is very vague about what it covers.

You have a binding contract. They suddenly want to change the contract in their favor and expect you to roll over? Ummmm.....NO.

Negotiation time!

Reply with a much more specific addendum that you're comfortable with and a decrease in rent of $50 per month. Figure it at $25 per month to cover the additional $300 in exposure you'd be taking on and $25 per month as a 'renegotiaton fee'.  

 

I'd go no lower than $30 per month on the decrease and don't sign anything that isn't absolutely specific. Also keep pictures of anything that could conceivably be damaged by a cat.


 

2006-11-13 3:41 PM
in reply to: #597562

Crystal Lake, IL
Subject: RE: I hate renting
bootygirl - 2006-11-13 9:36 AM

Does anyone know how I can find out what they paid for this house in Reno?  I know in Denver there is a website. 

Check the business/real estate section of local newspaper's online site.  For example, here in Chicago you can look it up at the Chicago Tribune's website. 

 

2006-11-13 4:00 PM
in reply to: #597391

Member
43
25
Baytown, TX
Subject: RE: I hate renting
Also check the county appraisal district. Here the records are public and listed either by owner or street address. I can access info on the county's web site.


2006-11-13 4:09 PM
in reply to: #597562

Master
1862
10005001001001002525
San Mateo, CA
Subject: RE: I hate renting
bootygirl - 2006-11-13 7:36 AM

 Does anyone know how I can find out what they paid for this house in Reno?  I know in Denver there is a website. 

It's easily accessible through either your county tax collector, tax assessor or country treasurer's official website.

2006-11-13 5:08 PM
in reply to: #598033

Extreme Veteran
384
100100100252525
Mountain View, CA
Subject: RE: I hate renting

bootygirl - 2006-11-13 7:36 AM

Does anyone know how I can find out what they paid for this house in Reno? I know in Denver there is a website.

zillow.com generally has property and sales information right on the web. Their estimates of what a place is worth are sometimes wildly off though, so take those with a grain of salt. 

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