Landlording Safeguards
Hi Veteran Landlords:
A lot of time we make headlines and sometimes we suffer a lot due to breach of good house-keeping. I was thinkng of sending a letter to all my tenants just to safeguard our interests. Does anyone know a source where such a letter can be found so that I can use it to save my a**.
What I mean is a letter containing the points like smoke detectors, private insurance, snow removal, garbage, noices, nuances, parties,late rent payments,etc. Could anyone help ?
sayana[ Edited by sayana on Date 11/02/2004 ]
Hey,
I think you put this topic in the wrong forum...
This is NOT handled with a letter, this is all included in the lease. Your lease needs to outline, very specifically, every item that is the tenant's responsibility.
I couldn't agree more. We had a class like that in my high school, but it was elective. I bet those of us who took it seriously are much better off with debt than those who had no guidance!
joemac124, thank you for your reply. I am just so happy, you agreed with me. Money rules the world. Everything in our lives is based on money. Our daily decisons are based on money. Either it's food shopping, purchasing clothing, cars, roofs over our heads - all kinds of decisions have either in a smaller or bigger degree to do with MONEY. So, why so few of us learn about money?? I just would hope there would be a way to bring this "Money 100" to life.
Maybe I should write to Congress?? LOL
Just an idea... a VERY important idea, that should be a part of everyones lives.
A*
Sounds good, I learned almost everything I know at the Library. Free books! Now start reading...
Tell the 10-15 years old to go to the library and learn about controling their own money when they are older. (They will not do that on their own, we all know that.). So, by the time they are 18 and are "ready" to go to college, or wherever, they don't really have a clue about how serious money is and how every spent dollar will effect their future. So, just the libraries and "(..)start reading..." is simply not enough. The course about $$ should be mandatory. Period.
Alicja
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Quote:
On 2004-10-13 23:00, John_Carter wrote:
Sounds good, I learned almost everything I know at the Library. Free books! Now start reading...
I do agree with you to the point but I'll tell you why, in my opinion, our economy is structured like it is.
For free enterprise to survive there must always be a upper, middle, and lower class in a pyrmid scheme.
It is the people at the top that make the rules for everyone else. If they create an education where everyone could automatically be at the top, the top would be at the middle and only some select few will be at the top--making new rules and beating the "system" if you will.
Our schools teach people to be a part of the middle class--how to be an employee--how to listen and follow directions--etc, etc.
I agree with myfrogge. In context, if everyone knew how to control money, then they would be no investors!
Very few foreclosures, and no tenants.
Hello,
I could not agree more that every student in high school should be required to pass a class on basic finances. This would include checking and savings but also HOW loans work, how mortgages work, the advantages/disadvantages of home ownership, BASIC investment knowledge (stocks, bonds, mutual funds, etc.) and info on insurance.
None of this information would create a single economic class in the US. It would just provide basic information on WAYS to manage your money finances (that is NOT how to manage your money, as that is just opinion).
As an aside, this would probably be better in a different forum...maybe Random Ramblings.
Tell the 10-15 years old to go to the library and learn about controling their own money when they are older. (They will not do that on their own, we all know that.). So, by the time they are 18 and are "ready" to go to college, or wherever, they don't really have a clue about how serious money is and how every spent dollar will effect their future. So, just the libraries and "(..)start reading..." is simply not enough. The course about $$ should be mandatory. Period.
* * *
Well, perhaps you are right. But I have children and we go to the library. I also help my kids when it comes to learning about money matters. My point is, the availability of knowledge is out there, and parents can (and should) play a huge part in guiding their children towards success.
[addsig]
I agree that would be great if everyone where taught about money in H.S.-- I wonder if public school teachers are qualified to do so-- Also I think the Rich Dad/Poor Dad series of books said it best when he said our educational system is designed to make good employees and consumers not savvy investors and business people.. In the end though I think the information is out there for those who seek it and we should take responsibility for our own financial educations..
8555 it seems that you want the final word on this topic and so I am intrigued to post more. Agreed we have a lot of deficiencies in our school systems. But while we add money & finance, we should also add classes on parenting, classes on marriage & relationships, classes on responsibility, and so on.
When I look back, the best part of REI was doing it myself. Sometimes the schools are looked to for solving problems and they can only do so much. We did have some education in my school - and it is a good idea. But I truely believe this subject is bigger than falling upon the school systems.
Alicja, 10-15 years old is too late. your child at age 3 is the appropriate age to start teaching good money habits. give him a bank and make him put money in it. make a HUGE production out of it. shake it on occasion. make a HUGE production out of that. if you see a penny on the street have him pick it up and put it in his bank. make a HUGE production out of that. (realizing the penny is symbolic). open a bank account for him. let him make the deposits into the account. (don't go on a Thurs or Fri when everyone is cashing their checks). go when it's slower. lift him up to the counter to hand the teller his deposit slip (I guarantee if he's cute, and we know he is, that the tellers will all gush over him). if your mother wants to give him $1.00, have her hand him 4 quarters, 2 to put in the bank and 2 to put in his pocket.
hopefully until he's 10 he'll have a good grasp of spending/savings habits. notice I said hopefully, because you never, ever actually know what they're going to do.
Learning starts at home!
I learned EVERYTHING I know about money, credit, debt, etc. through my work experience & my own personal "situations". If you are taught at home how to capitlize on this great country we call the USA, you will be successful. The earlier the lessons are learned the better. I have friends from many different places & some don't like credit. That works to their advantage because they have learned to use it wisely.
Knowledge is truly power. I wish someone in my family would have taught me about money because retiring at 40 is too long of a wait for me....LOL!
Well I hate to be the one to be the gadfly here but the schools are teaching exactly what they are supposed to be teaching. The ignorance about money matters is not an accident-- it is on purpose. Public school education was started in this country to accomplish several things:
1) kill individual ambition so that children would learn that they cannot be independent
2) inculcate in the very young the skills necessary to do boring and repetitive tasks so that they could work in factory jobs when they became grownups
3) teach the joys of consumption, rather than investment, so that the Fords and the Carnegies and now the Hilfingers of the world would have ready markets for their products.
Schools are not about to teach the skills necessary to be independent of the consumerist economy. To do so they would have to transform their very being and there is no political or social pressure for that to happen. Quite to the contrary, in spite of a great deal of talk about transforming education, the educational system has evolved over a 100 year period to accomplish exactly the desired goals.
In this much you were right:
Quote: Everything in our lives is based on money. Our daily decisons are based on money. Either it's food shopping, purchasing clothing, cars, roofs over our heads - all kinds of decisions have either in a smaller or bigger degree to do with MONEY. So, why so few of us learn about money??
The answer is that so few learn about money because the real money in this country does not want them to know.
Hey, that sounds like another brick in the wall! Teacher, leave those kids alone.
You make school sound bad, there are bad schools and lots of good ones too. All the sucessful ones out there may or may have not had great schools to start off life with. But you do learn how to read, write, and do math (oh yeah, it helps).
I wish school did help us be happy at brain dead jobs - then we could be truly happy, no need for REI.
commercialking has said it best. What I was lacking in my post commercialking couldn't have said it better.
Thats the fortunate/unfortuante truth depending on what side of the fence you want to be on.
Hey Commercial and Frogger,
What a bunch of hogwash!!!!
I must have missed the class on "How to Buy Label Shirts" in school; I guess I was spending too much time in English, Math and Science.
Just like I missed the class on "Repetitive Skills 101"; is that a class on how to work on an assembly line??? Once again, I must have been in Social Studies or maybe World History.
I have read, so many times, that schools do nothing but teach people to get jobs and become part of the machine, but I don't remember ever being taught this in school.
Basically, your comments/beliefs read like a cheap conspiracy theory.
Schools teach the basic skills needed to exist in society (reading, writing, math, etc.); what someone does with these skills is totally up to that person.
I agree with everyone. And just to add, I think it's ridiculous for credit card companies to give college students credit cards when they have no source of income. That's where the poor credit begin. Well that's where it started with me and all of my friend. I think that's the dumbest thing in the world and they need to stop!