you should see the new renter policies in Santa Monica
it's absofknlutely unsane
it will kill rentals in the city
but maybe that's teh point....?
As a landlord I'm thinking hard about selling some of my properties and putting the money elsewhere. The gig sounds great. Go surfing and wait for those checks to roll in. It ain't that easy. It's kind of a pain in the ass. By the time you figure in rent control, maintenance, property taxes, the hassle, it really isn't that great of a gig.
I had one tenant who painted the walls black and had an alter in one of the bedrooms. I don't want to know WTF went on in there. I see the new tenant and I'm going, "So... uhhm... how are things going in there? Seen any goats on the premises? ? Has a portal to hell opened up in the back bedroom?"
There was a story I heard years ago. A house up on the Avenue was vacant. Shitbag squatters broke the lock and moved all their sh!t in. Owner called the cops. He was told he needed go through eviction proceedings that take around 90 days. Meanwhile they're in there remodeling the place with a chainsaw. He got a thousand dollars cash and 4 cases of beer and went down the way to the Hells Angels clubhouse. 2 hours later his "tenants" had moved out.
Sometimes violence really is the answer.
If you have a place vacant, put an alarm system on it. You'll know within minutes that there is someone in your place. The squatter is then unable to move anything in and take root.