Posted by Geo-TH,In on August 06, 2015 at 04:20:25 from (172.77.211.40):
In Reply to: Helping your kids??? posted by JD Seller on August 05, 2015 at 19:27:45:
I've been lucky, both of my kids have done well, good jobs, haven't hand to move back home like many boomerangs.
When it comes to loans, I just give my children an early inheritance, but I make sure each child gets the same amount.
As a landlord, I sometimes take chances on the down and out people. Sometimes it comes back and bites me and sometimes it doesn't. The last person had a cheating husband, divorced, 2 kids, works two jobs, no family to help, got evicted because her GI bill took months, 5 years in Navy said a lot for her. Been a landlord long enough I can read people by appearance, the way the talk, so I took a chance. Again I may come back to bite me or I may have a good tenant. She reminds me of another tenant I took a chance on. She her get her life together, back on her feet, bought a house, and happy for her.
I won't give a person a job or allow them to do improvements. I know of a case where a landlord told a tenant who was behind on rent, you paint the house and it worth 2 months rent. Tenants falls off ladder and landlord get sued. Payment in kind is the same as landlord is employer, tenant is employee, workman’s comp applies.
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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