Tuesday, 26 March 2013

Three Key Reasons Why You Must Become A Landlord - Part II

This article is a continuation of our series on why you should aspire to become your own landlord and not remain a miserable tenant in the coming years. If you missed out on the first part of this series, click here to read it.



Here's the second reason why you must become a landlord....


2, You Can't Stay In Your Landlord's House For Ever

No matter how good or faithful you are to your landlord, you would just have to leave his house one day. There's no guarantee that you would stay in another man's house forever even if you pay your house rents regularly and promptly.


My family has a personal experience, we were asked to leave our first house just because the landlord felt we had stayed in his house for too long. My parents spent thirteen years in that house and gave birth to all their kids there without ever owing him a dime.

However, their goodness wasn't enough as they were asked to leave because the owners of the house never liked the fact that they had stayed that long in their house and wanted new tenants by all means. In fact, he often told them each time he gave them a quit notice and the went to beg that he built his house with their money and hate the fact that they weren't smart enough to buy their own lands when that part of Surulere was still a bush.

Even though your landlord is a good man or might have been a good man who had never given you trouble in his life time, you don't have any guarantee that the new owners would reciprocate the love their parents (if the new owners are the children of the landlord) or their predecessors (if the house was sold to a new owner) had shown towards you. And God help you, if you have no money when that time comes to relocate your family to a new place.

Many families have been dealt a bitter blow because they didn't plan ahead for the aftermath of living beyond a rented apartment. They thought things would always be rosy between them and their landlords only to get disappointed and get thrown out at the end.

Watch out for the third reason in the final part!

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