Would You Rent A House To Someone Growing MMJ Indoors?

[woody333333]

if taxes are 3200 and rent is 450 that would leave us w 2200 a year if the house isnt rented 2 months were down to 1300 how much paint and drywall does that buy?? how bout carpet? what if the renters kick a hole in the bathroom door?

 

[Doer]

I do no damage to my property, thats right I said my because while I live here I consider it MY home. I do all my own repairs so I don't have to have the landlord come to my house where I'm growing......go figure. I don't need my landlord to do most anything which is why I don't fuck with her. The only reason I rent is because I have not way to buy my own home yet. I ave been working constantly on building my credit for the last 2 years, and am almost there.

I would not expect to be held responible to trim a tree that has been on the property for easily 100 years, and has been dieinng for prolly the last 10 years. This tree that needed honestly to be taken down not trimmed is over 60 feet tall, when the tree guys got here to do it finally they didn't have trucks tall enough to reach it. That tree was so dead that 6 inch branches were falling out of it. I am responsible for the the yard and keep it nice and even do some gardening here, but don't try to say the tree is my problem.

As far as half the free money going to taxes fuck off, everyone pays taxes, and that should be escrowed into the mortgage payment. I also call bullshit on the rest going to fix the house. I have yet to meet a landlord that fixes anything that isn't absolutely necessary. You might spend the extra from one or 2 months of rent to fix things up after people leave, but between that and the security deposit you all keep, you don't spend your profit on fixing shit.

In this distress market, you can do what I did in the early 90s. Get a lease to own, contract of sale. I couldn't even get a Montgomery Store Card. Forget Sears. But, I had a steady job and good income, no credit.

As soon as you can claim to be the home owner, it doesn't matter about the details of exactly how. I owned my home with seller, and had a contract.

Good Credit and a home of my own. HINT: work with a Real Property broker. This guy I found was always doing this.
Using his money to buy and then partner with occupiers to cover the cost.

After just a year, then I had the credit to re-finance and buy out the guy.

 

[Thundercat]

First off I have been looking for a place to move for 2 years, and have seen next to no houses for under $500, and i don't just mean where i live I've been looking at several places in about 4 different states. If your charging $450 for rent on a house with $3200 in taxes something is wrong in the first place. You obviously don't have good business management skills. I'm not saying I want to pay more for rent, but I do understand the basics of covering your expenses, and making a profit. The more time that passes the less houses I even find for under 600 that aren't junk. We've been having to look at places in the 700-800 dollar range to ensure we get a decent house and neighborhood.

 

[Thundercat]

In this distress market, you can do what I did in the early 90s. Get a lease to own, contract of sale. I couldn't even get a Montgomery Store Card. Forget Sears. But, I had a steady job and good income, no credit.

As soon as you can claim to be the home owner, it doesn't matter about the details of exactly how. I owned my home with seller, and had a contract.

Good Credit and a home of my own. HINT: work with a Real Property broker. This guy I found was always doing this.
Using his money to buy and then partner with occupiers to cover the cost.

After just a year, then I had the credit to re-finance and buy out the guy.

Thanks for the advice man, working with a broker is how we got where we are now. I would be glad to do a contract, just gotta find the right house to do that. Thats why we have been looking and trying to decide where we want to buy while building our credit as well.

 

[nick88]

I do repair work for a cpl property owners with rental property on the side.. I can not tell you how many houses ive been in that were trashed and none of those had grows.. It's not whether they grow or what ever, but the type of people they are.... That's why references are so important to check..
As for the house the op was talking about, i doubt the fans pulling in moisture caused the problem..
1 what grower wants high humidity?
2 if the moisture was that high, the inside of house would be over run with mold.
3 If it rotted around the window and in walls, then its from a leak around windows that either wasn't noticed or neglected.jmo

 

[woody333333]

if they dont pay the water bill i have to pay it before i can get in to clean

 

[woody333333]

I do repair work for a cpl property owners with rental property on the side.. I can not tell you how many houses ive been in that were trashed and none of those had grows.. It's not whether they grow or what ever, but the type of people they are.... That's why references are so important to check..
As for the house the op was talking about, i doubt the fans pulling in moisture caused the problem..
1 what grower wants high humidity?
2 if the moisture was that high, the inside of house would be over run with mold.
3 If it rotted around the window and in walls, then its from a leak around windows that either wasn't noticed or neglected.jmo

i was thinking maybe blowing exhaust into the walls

 

[nick88]

Only if the bill is in your name. Most times property owners get utilities turned on for temp work and the usage is applied to their business, or home bill. At least in the area i live in. But, everywhere is diff. so maybe i misspoke.

 

[Thundercat]

Well woody you must have some really bad tenants I guess, try doing better checks on them man.

 

[woody333333]

Only if the bill is in your name.

nope bill has to be paid.........a lot of places do it that way

 

[woody333333]

Well woody you must have some really bad tenants I guess, try doing better checks on them man.

its everybody people have no respect for other peoples stuff

 

[woody333333]

First off I have been looking for a place to move for 2 years, and have seen next to no houses for under $500, and i don't just mean where i live I've been looking at several places in about 4 different states. If your charging $450 for rent on a house with $3200 in taxes something is wrong in the first place. You obviously don't have good business management skills. I'm not saying I want to pay more for rent, but I do understand the basics of covering your expenses, and making a profit. The more time that passes the less houses I even find for under 600 that aren't junk. We've been having to look at places in the 700-800 dollar range to ensure we get a decent house and neighborhood.

8 hundred a month around here is a 3 bedroom brick ranch on 5 acres attached garage and maybe a pool........my bussiness management skills must not be that bad........your the one renting

 

[Thundercat]

I don't know where you are at, but if your property taxes are 3200 then it must be a decent size house, property, or in a classy area, at which point $450 is no longer reasonable. If your taxes are that high and you can't get more then $450 for rent because the house is shit then thats your fault too. If you bought the house then you should have known what the taxes would be and should have decided whether it would be profitable to rent it. If not don't buy it.....

Yes I am the one renting but it has nothing to do with my business skills, it has to do with the fact that I made some mistakes as a teenager with a credit card. I'm an adult and have no problem saying that. Yet no matter if you pay your rent on time ever month for over 7 years, banks don't like handing out mortgages with out credit.

 

[tumorhead]

Insurance doesn't cover much. I had tenants throw dirty diapers on my hardwood floors leaving stains that never sanded out. When I called the insurance they said it was damage that occurs over time so they don't cover it. Something breaks and floods the house all at once they'll cover, mold and shit that takes more than 1 day to happen they won't cover.

 

[woody333333]

Insurance doesn't cover much. I had tenants throw dirty diapers on my hardwood floors leaving stains that never sanded out. When I called the insurance they said it was damage that occurs over time so they don't cover it. Something breaks and floods the house all at once they'll cover, mold and shit that takes more than 1 day to happen they won't cover.

your lucky the diapers werent in the toilet

 

[tumorhead]

your lucky the diapers werent in the toilet

yeah, lol, that's true. I've been down that road before with motherfuckers putting marbles in condoms and stuffing them down each sinks, toilets, and any drains, beyond the trap into the wall.

The main sewer line was clogged and filled with piss and shit all the way up to the second floor, and when I pulled the cleanout cap in the basement a solid 6" stream of shit and piss shot 8'+ high and splattered all over the fucking place. Worst experience of my life. I spread multiple bags of Lyme to dry it up but it was so fucked up. I rented an auger and snaked the entire drain to uncover an entire grocery bag of tampons and condoms.

 

[woody333333]

yeah, lol, that's true. I've been down that road before with motherfuckers putting marbles in condoms and stuffing them down each sinks, toilets, and any drains, beyond the trap into the wall.

The main sewer line was clogged and filled with piss and shit all the way up to the second floor, and when I pulled the cleanout cap in the basement a solid 6" stream of shit and piss shot 8'+ high and splattered all over the fucking place. Worst experience of my life. I spread multiple bags of Lyme to dry it up but it was so fucked up. I rented an auger and snaked the entire drain to uncover an entire grocery bag of tampons and condoms.

so much for free money

 

[Doer]

I don't know where you are at, but if your property taxes are 3200 then it must be a decent size house, property, or in a classy area, at which point $450 is no longer reasonable. If your taxes are that high and you can't get more then $450 for rent because the house is shit then thats your fault too. If you bought the house then you should have known what the taxes would be and should have decided whether it would be profitable to rent it. If not don't buy it.....

Yes I am the one renting but it has nothing to do with my business skills, it has to do with the fact that I made some mistakes as a teenager with a credit card. I'm an adult and have no problem saying that. Yet no matter if you pay your rent on time ever month for over 7 years, banks don't like handing out mortgages with out credit.

Yeah, that is another similarity to times in the past. Lending is tight. Interest rates are low. People are stuck. GOLD.

You paper the area you decide to live in. You canvas. You let it be known you are willing occupant and a willing partner for some owner financing. I paid my guy quite a bit above the mortgage interest rate, but that was the deal. No escrow, no fees, no down payment.

I just moved it. And that helped clear his plate for my partner. And once you live there and have the track record of paying the over market loan payment to the owner-partner, a re-finance is much easier.

I used to be in Commercial Real Estate. I've started several areas, "farms" we call them and made great profits, just by sending out form letters to strangers. The self financing/partner-owner game is big there.