[4plexowner]

“a UCSD staff or postdoc or other fulltime employees would be preferable”

this thing called financial reality has a way of squashing our preferences

my first rental properties were all apartment type units – common walls, etc – then I bought some single family houses and assumed I would be dealing with a higher class of tenants

the houses were nice but the ‘nice young family’ that I preferred as tenants had gone and purchased their own house because, as long as they could fog a mirror, they were able to purchase their own starter home instead of renting mine

so instead of renting to nice small families I ended up renting to room mates and dealing with the related issues

my point is that the nice things we think of while sitting around our kitchen table don’t always work out in reality – as a potential landlord I believe you would be better off thinking about how you will deal with real tenants instead of your ideal ones

what will you do when you realize your tenant has a cat although your lease says no pets? what will you do about the pad under the carpet that is now ruined and smells like cat urine?

what will you do at move-out time when the tenant is leaving you a unit that you will have to spend several hours cleaning?

what will you do on Thanksgiving day when the tenant calls and says the sink is backed up?

what will you do when the tenant gives you some BS about why they can’t pay the rent on time? (“my grandfather died” is the lamest excuse I was given – I didn’t bother asking how this affected their ability to pay rent – just handed them a 3-day pay or quit notice …)

what will you do when the tenant doesn’t pay last month’s rent and tells you to take it out of the security deposit?

what will you do when the unit has been vacant for 5 weeks and there are no good prospective tenants on the horizon?

[4plexowner]

“a UCSD staff or postdoc or other fulltime employees would be preferable”

this thing called financial reality has a way of squashing our preferences

my first rental properties were all apartment type units – common walls, etc – then I bought some single family houses and assumed I would be dealing with a higher class of tenants

the houses were nice but the ‘nice young family’ that I preferred as tenants had gone and purchased their own house because, as long as they could fog a mirror, they were able to purchase their own starter home instead of renting mine

so instead of renting to nice small families I ended up renting to room mates and dealing with the related issues

my point is that the nice things we think of while sitting around our kitchen table don’t always work out in reality – as a potential landlord I believe you would be better off thinking about how you will deal with real tenants instead of your ideal ones

what will you do when you realize your tenant has a cat although your lease says no pets? what will you do about the pad under the carpet that is now ruined and smells like cat urine?

what will you do at move-out time when the tenant is leaving you a unit that you will have to spend several hours cleaning?

what will you do on Thanksgiving day when the tenant calls and says the sink is backed up?

what will you do when the tenant gives you some BS about why they can’t pay the rent on time? (“my grandfather died” is the lamest excuse I was given – I didn’t bother asking how this affected their ability to pay rent – just handed them a 3-day pay or quit notice …)

what will you do when the tenant doesn’t pay last month’s rent and tells you to take it out of the security deposit?

what will you do when the unit has been vacant for 5 weeks and there are no good prospective tenants on the horizon?

[4plexowner]

“a UCSD staff or postdoc or other fulltime employees would be preferable”

this thing called financial reality has a way of squashing our preferences

my first rental properties were all apartment type units – common walls, etc – then I bought some single family houses and assumed I would be dealing with a higher class of tenants

the houses were nice but the ‘nice young family’ that I preferred as tenants had gone and purchased their own house because, as long as they could fog a mirror, they were able to purchase their own starter home instead of renting mine

so instead of renting to nice small families I ended up renting to room mates and dealing with the related issues

my point is that the nice things we think of while sitting around our kitchen table don’t always work out in reality – as a potential landlord I believe you would be better off thinking about how you will deal with real tenants instead of your ideal ones

what will you do when you realize your tenant has a cat although your lease says no pets? what will you do about the pad under the carpet that is now ruined and smells like cat urine?

what will you do at move-out time when the tenant is leaving you a unit that you will have to spend several hours cleaning?

what will you do on Thanksgiving day when the tenant calls and says the sink is backed up?

what will you do when the tenant gives you some BS about why they can’t pay the rent on time? (“my grandfather died” is the lamest excuse I was given – I didn’t bother asking how this affected their ability to pay rent – just handed them a 3-day pay or quit notice …)

what will you do when the tenant doesn’t pay last month’s rent and tells you to take it out of the security deposit?

what will you do when the unit has been vacant for 5 weeks and there are no good prospective tenants on the horizon?

[4plexowner]

“a UCSD staff or postdoc or other fulltime employees would be preferable”

this thing called financial reality has a way of squashing our preferences

my first rental properties were all apartment type units – common walls, etc – then I bought some single family houses and assumed I would be dealing with a higher class of tenants

the houses were nice but the ‘nice young family’ that I preferred as tenants had gone and purchased their own house because, as long as they could fog a mirror, they were able to purchase their own starter home instead of renting mine

so instead of renting to nice small families I ended up renting to room mates and dealing with the related issues

my point is that the nice things we think of while sitting around our kitchen table don’t always work out in reality – as a potential landlord I believe you would be better off thinking about how you will deal with real tenants instead of your ideal ones

what will you do when you realize your tenant has a cat although your lease says no pets? what will you do about the pad under the carpet that is now ruined and smells like cat urine?

what will you do at move-out time when the tenant is leaving you a unit that you will have to spend several hours cleaning?

what will you do on Thanksgiving day when the tenant calls and says the sink is backed up?

what will you do when the tenant gives you some BS about why they can’t pay the rent on time? (“my grandfather died” is the lamest excuse I was given – I didn’t bother asking how this affected their ability to pay rent – just handed them a 3-day pay or quit notice …)

what will you do when the tenant doesn’t pay last month’s rent and tells you to take it out of the security deposit?

what will you do when the unit has been vacant for 5 weeks and there are no good prospective tenants on the horizon?

[4plexowner]

“a UCSD staff or postdoc or other fulltime employees would be preferable”

this thing called financial reality has a way of squashing our preferences

my first rental properties were all apartment type units – common walls, etc – then I bought some single family houses and assumed I would be dealing with a higher class of tenants

the houses were nice but the ‘nice young family’ that I preferred as tenants had gone and purchased their own house because, as long as they could fog a mirror, they were able to purchase their own starter home instead of renting mine

so instead of renting to nice small families I ended up renting to room mates and dealing with the related issues

my point is that the nice things we think of while sitting around our kitchen table don’t always work out in reality – as a potential landlord I believe you would be better off thinking about how you will deal with real tenants instead of your ideal ones

what will you do when you realize your tenant has a cat although your lease says no pets? what will you do about the pad under the carpet that is now ruined and smells like cat urine?

what will you do at move-out time when the tenant is leaving you a unit that you will have to spend several hours cleaning?

what will you do on Thanksgiving day when the tenant calls and says the sink is backed up?

what will you do when the tenant gives you some BS about why they can’t pay the rent on time? (“my grandfather died” is the lamest excuse I was given – I didn’t bother asking how this affected their ability to pay rent – just handed them a 3-day pay or quit notice …)

what will you do when the tenant doesn’t pay last month’s rent and tells you to take it out of the security deposit?

what will you do when the unit has been vacant for 5 weeks and there are no good prospective tenants on the horizon?

[4plexowner]

SLV and GLD are useful for speculating on the two metals – nothing else

the key benefit to the precious metals is that they are tangible goods that you can hold in your hands, free from the encumbrances of any govt or financial entity

‘investing’ in SLV and GLD does not accomplish the primary objective which is financial security / safety

~

there have been several articles recently asking where the gold ETFs are getting their supplies – GLD claims to have over 1000 tons of gold with a significant portion of this metal having been obtained in just the last few months – the articles point out that GLD has recently acquired more gold than is readily available anywhere in the world – if the physical gold doesn’t exist in the quantities required, then GLD DIDN’T purchase physical gold they purchased gold derivatives or futures contracts

I don’t know the truth about SLV and GLD but IMO they are only good for speculating on the metals over the short term – if you are investing for the long haul don’t trade one piece of worthless paper (fiat currency) for another (paper claim on gold)

~

some people have suggested that the proliferation of gold ETFs in recent years is a way to ease some of the pressure on the physical gold market – ie, instead of taking 1000 tons of physical gold supply off the market in the last few years, ‘investors’ have traded their fiat paper currency for paper gold which may or may not be backed by real physical gold sitting in a vault

the paperwork describing GLD has enough weasel wording to allow them to purchase paper gold instead of physical if desired – basically, the alleged physical gold is held by other financial entities that GLD has contracted with and GLD is not required to audit these other entities – so when it turns out that these entities didn’t actually buy physical gold, GLD will have a scapegoat at the ready and, once again, nobody on Wall Street will be held accountable for screwing the little guy

[4plexowner]

SLV and GLD are useful for speculating on the two metals – nothing else

the key benefit to the precious metals is that they are tangible goods that you can hold in your hands, free from the encumbrances of any govt or financial entity

‘investing’ in SLV and GLD does not accomplish the primary objective which is financial security / safety

~

there have been several articles recently asking where the gold ETFs are getting their supplies – GLD claims to have over 1000 tons of gold with a significant portion of this metal having been obtained in just the last few months – the articles point out that GLD has recently acquired more gold than is readily available anywhere in the world – if the physical gold doesn’t exist in the quantities required, then GLD DIDN’T purchase physical gold they purchased gold derivatives or futures contracts

I don’t know the truth about SLV and GLD but IMO they are only good for speculating on the metals over the short term – if you are investing for the long haul don’t trade one piece of worthless paper (fiat currency) for another (paper claim on gold)

~

some people have suggested that the proliferation of gold ETFs in recent years is a way to ease some of the pressure on the physical gold market – ie, instead of taking 1000 tons of physical gold supply off the market in the last few years, ‘investors’ have traded their fiat paper currency for paper gold which may or may not be backed by real physical gold sitting in a vault

the paperwork describing GLD has enough weasel wording to allow them to purchase paper gold instead of physical if desired – basically, the alleged physical gold is held by other financial entities that GLD has contracted with and GLD is not required to audit these other entities – so when it turns out that these entities didn’t actually buy physical gold, GLD will have a scapegoat at the ready and, once again, nobody on Wall Street will be held accountable for screwing the little guy

[4plexowner]

SLV and GLD are useful for speculating on the two metals – nothing else

the key benefit to the precious metals is that they are tangible goods that you can hold in your hands, free from the encumbrances of any govt or financial entity

‘investing’ in SLV and GLD does not accomplish the primary objective which is financial security / safety

~

there have been several articles recently asking where the gold ETFs are getting their supplies – GLD claims to have over 1000 tons of gold with a significant portion of this metal having been obtained in just the last few months – the articles point out that GLD has recently acquired more gold than is readily available anywhere in the world – if the physical gold doesn’t exist in the quantities required, then GLD DIDN’T purchase physical gold they purchased gold derivatives or futures contracts

I don’t know the truth about SLV and GLD but IMO they are only good for speculating on the metals over the short term – if you are investing for the long haul don’t trade one piece of worthless paper (fiat currency) for another (paper claim on gold)

~

some people have suggested that the proliferation of gold ETFs in recent years is a way to ease some of the pressure on the physical gold market – ie, instead of taking 1000 tons of physical gold supply off the market in the last few years, ‘investors’ have traded their fiat paper currency for paper gold which may or may not be backed by real physical gold sitting in a vault

the paperwork describing GLD has enough weasel wording to allow them to purchase paper gold instead of physical if desired – basically, the alleged physical gold is held by other financial entities that GLD has contracted with and GLD is not required to audit these other entities – so when it turns out that these entities didn’t actually buy physical gold, GLD will have a scapegoat at the ready and, once again, nobody on Wall Street will be held accountable for screwing the little guy

[4plexowner]

SLV and GLD are useful for speculating on the two metals – nothing else

the key benefit to the precious metals is that they are tangible goods that you can hold in your hands, free from the encumbrances of any govt or financial entity

‘investing’ in SLV and GLD does not accomplish the primary objective which is financial security / safety

~

there have been several articles recently asking where the gold ETFs are getting their supplies – GLD claims to have over 1000 tons of gold with a significant portion of this metal having been obtained in just the last few months – the articles point out that GLD has recently acquired more gold than is readily available anywhere in the world – if the physical gold doesn’t exist in the quantities required, then GLD DIDN’T purchase physical gold they purchased gold derivatives or futures contracts

I don’t know the truth about SLV and GLD but IMO they are only good for speculating on the metals over the short term – if you are investing for the long haul don’t trade one piece of worthless paper (fiat currency) for another (paper claim on gold)

~

some people have suggested that the proliferation of gold ETFs in recent years is a way to ease some of the pressure on the physical gold market – ie, instead of taking 1000 tons of physical gold supply off the market in the last few years, ‘investors’ have traded their fiat paper currency for paper gold which may or may not be backed by real physical gold sitting in a vault

the paperwork describing GLD has enough weasel wording to allow them to purchase paper gold instead of physical if desired – basically, the alleged physical gold is held by other financial entities that GLD has contracted with and GLD is not required to audit these other entities – so when it turns out that these entities didn’t actually buy physical gold, GLD will have a scapegoat at the ready and, once again, nobody on Wall Street will be held accountable for screwing the little guy

[4plexowner]

SLV and GLD are useful for speculating on the two metals – nothing else

the key benefit to the precious metals is that they are tangible goods that you can hold in your hands, free from the encumbrances of any govt or financial entity

‘investing’ in SLV and GLD does not accomplish the primary objective which is financial security / safety

~

there have been several articles recently asking where the gold ETFs are getting their supplies – GLD claims to have over 1000 tons of gold with a significant portion of this metal having been obtained in just the last few months – the articles point out that GLD has recently acquired more gold than is readily available anywhere in the world – if the physical gold doesn’t exist in the quantities required, then GLD DIDN’T purchase physical gold they purchased gold derivatives or futures contracts

I don’t know the truth about SLV and GLD but IMO they are only good for speculating on the metals over the short term – if you are investing for the long haul don’t trade one piece of worthless paper (fiat currency) for another (paper claim on gold)

~

some people have suggested that the proliferation of gold ETFs in recent years is a way to ease some of the pressure on the physical gold market – ie, instead of taking 1000 tons of physical gold supply off the market in the last few years, ‘investors’ have traded their fiat paper currency for paper gold which may or may not be backed by real physical gold sitting in a vault

the paperwork describing GLD has enough weasel wording to allow them to purchase paper gold instead of physical if desired – basically, the alleged physical gold is held by other financial entities that GLD has contracted with and GLD is not required to audit these other entities – so when it turns out that these entities didn’t actually buy physical gold, GLD will have a scapegoat at the ready and, once again, nobody on Wall Street will be held accountable for screwing the little guy

[4plexowner]

What does an honest person do when he realizes that the country he loves is no longer being run honestly?

Each individual has to answer that question for themselves

[4plexowner]

What does an honest person do when he realizes that the country he loves is no longer being run honestly?

Each individual has to answer that question for themselves

[4plexowner]

What does an honest person do when he realizes that the country he loves is no longer being run honestly?

Each individual has to answer that question for themselves

[4plexowner]

What does an honest person do when he realizes that the country he loves is no longer being run honestly?

Each individual has to answer that question for themselves

[4plexowner]

What does an honest person do when he realizes that the country he loves is no longer being run honestly?

Each individual has to answer that question for themselves

[Author]

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