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RE: Facebook Loses 25% of Value Today, in After Hours Trading

in #faang7 years ago

I've been a landlord for 28 years now. I always had fairly good luck, I keep the place up and reasonable rent, that brought me good tenants till the neighborhood started going downhill, I suffered some woodwork damage. Looked like people were fighting and trying to bust threw a swinging kitchen door and a bedroom door. I've been pretty lucky, up until four years ago I had only lost 3,000 in all those years as a landlord, then the other trash tenant I finally got rid of cost me 12,000 by the time I got rid of him and his problems. I think the reason that particular investor doesn't have a problem with those kids trashing his properties is he gets their parents to co sign the lease. Two thousand dollar deposit isn't anything to snuff at either, I am assuming most want it back and don't want to start out their careers with a bad credit rating. In the winter they aren't heavy into large parties but in the summer they have parties but they make everyone stay outside except to use the bathroom. At least that what I speculate because that's what I see happening a lot...because it seems like one or the other always has a party going on outside. When the housing market crashed I did see several foreclosed homes where someone went in and took out the items you mentioned, I guess that was pretty common since a lot of them sat empty for so long.