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How the Recession hurts the Landlord
Well, I am writing this one today as we all know that this recession is hurting all of us.  I will tell you as a landlord of ten rental units we are hurting as well.  Renters think that landlords have all of the money in the world and that the landlord just takes this money and flies off to Aruba with it on the weekends.  Well, I am going to St. Croix for the weekend but it is on the AF Reserves dime.  The truth of the matter is that most landlords only make $100-200 per month on their rental properties if that.  I have run into and even have my own rentals that just break even and even negative cash flow on the mortgage payment.  Most people just allow these to fall through to foreclosure while the respectable people try to make up the difference.
The difficult part of this is that in todays economy renters are losing work and getting ripped off which doesnt give them the ability to pay their rents which in turn sucks the landlords dry.  I know the feeling as I am owed about $4k right now and am considering eviction on a couple of ... more

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