I have a very nice young couple renting a single-wide from me. They have non-skilled jobs at Wal-Mart. I offered to move them into a nicer place for $100 more per month. (I haven’t raised their rent in five years and my costs have gone up.) They have a TV that I can barely stretch my arms across. I’m thinking it cost more than $1,000 but I haven’t owned a TV in 20 years, so I don’t know. They have satellite to go with it. They keep this place air-conditioned whether they’re there or not at 74 degrees. They have two nice, new cars. They can’t pay another $100 a month. I’m thinking that with some careful management of the money they are making they could live much better, but they’ve made poor choices.
For myself, I looked at the $17,000 options and practically burst out laughing. A couple of grand at restaurants? Really? The only time I eat out is when attending meetings and then I eat only modestly priced entrees.
Today somebody in the gym saw me pick a quarter off the floor and asked why I bothered. I said, it’s about not letting opportunities lie unused. It’s a viewpoint that helps you focus on what’s important.
What’s a single wide?
.
If you have been able to keep the same renters in a single wide for 5 years, consider yourself lucky. Even renting at a discount has saved you money over the long run.
Imagine your damages and the loss of monthly rent if you had 7-8 different tennants tearing up the place and leaving you unpaid for months at a time.