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Re: Pet Deposit, How Much
by Jim (TX)
on May 15, 2014 @18:57
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I agree with the previous two posts. The cost of going to court is so high we landlords must simply accept the losses such as renters skipping out without paying last month's rent, trashing the place way in excess of what the security deposit covers, etc. Therefore, to make leasing ones property a profitable business proposition, we must have renters "pay as they go."
Believe me, once you own your own property and lease it, you find (or already know if you've done the research) leasing ones property has very low margins - mostly because renters irresponsibly cause damage or don't pay. To a large degree, so-called "income earning" property mostly depends on appreciation which is risky and speculative, and not on income.
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