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How to fix the great real estate after-bubble

Posted on 26 April 2013

There’s an additional reason the Wall Street property grab will injure struggling homeowners: Single family homes make a truly lousy absentee investment. Many of us who have become accidental landlords — after moving or the death of a parent — have learned that management easily becomes a nightmare. The very nicest people can turn into “tenants from hell” — such as drug addicts.
Then there’s the rent. “My check bounced? Are you sure? I promise I’ll get you another check as soon as my paycheck comes in.” Worse, there’s maintenance. “I know it’s three AM, but my toilet is plugged up and overflowing.” “Have you tried using the plunger?”……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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