View Full Version : Housing prices in town!!!!
mom36
July 2nd, 2008, 01:05 PM
Why is rent so high in Maysville, I know that inflation has put a boom on all incomes exspecially mine but why is the rent so high for housing when the landlords let the places run down. I wouldn't care to pay a decent price for a well maintained place but come on, some of the houses I have recently checked on is rediculous. My landlord had passed and the house I live in is being sold, so I am in search of a house in town, if anyone knows of a place please let me know.
jess41056
July 2nd, 2008, 01:32 PM
Rent in Maysville is high, we searched and searched for a house. Luckily our house is only $325 a month, for 3 bedrooms! We are very luckily. I know there are places to rent on 5th street, around Limestone. There are signs in thier windows. Some of them look pretty decent. I'll keep a look out.
mom36
July 2nd, 2008, 01:33 PM
Thank you!!!
tkcomer
July 2nd, 2008, 01:38 PM
HUD came to town. I remember back in the 80s, a decent apartment was around 150 to 200 bucks. HUD showed up and renters were thrown out, or when they moved, all the apartments were remodeled. Now, 400 to 500 bucks for the same apartment, depending on your income. That became the defacto standard for a lot of apartments, HUD dollars or not. For a very short time, if you could pay 10% down on a house, you could own cheaper than rent. A lot of people bought houses in town, lived on one floor, while the renters on the other floor made the payments.
patches-4
July 2nd, 2008, 01:44 PM
There's a house in the middle of Washington that is for rent, #2123 (I think) a stone house on the right if coming from Maysville. There's a number on the sign out front to call but I don't know what the number is. If you'd like for me to check on my way home from work I would glad to post it of PM you with it later. Don't know what size you are looking for, but that's the only one I know of right now.
mom36
July 2nd, 2008, 01:47 PM
I need at least a 2 bedroom. Bigger would be better but I could use a 2 bdrm for now. If you don't mind please check the number and either post it or pm it to me later. Thank you.
Saber
July 2nd, 2008, 05:03 PM
Rent in Maysville has always been ridicules in my opinion...
Did I spell that right?
kybikertrash
July 2nd, 2008, 05:49 PM
Try being on the other side. The last tenants I had din't tell me that there was a drain pipe on the second floor leaking and when they moved out the damage cost me over $1500.00. The ceiling had fallen in the room below the leak, the wall and wallpaper were ruined and the hardwood floor was water damaged, even though I checked and the references were good, and they signed a lease saying they would let me know of any problems with the property, I still got screwed. When I caught up with them, they said it wasn't their fault the pipe leaked. Well I know that, but if they would have told me early on I could have had it fixed before it destroyed the whole room. This on top of the fact that they ruined every room of carpet (6 rooms) and they let a dog chew up the woodwork. I could sue them, but you know the saying "you can't get blood from a turnip".
I was renting the place for an amount that would pay the payment I had on the house and would cover the tax bill and the insurance. I should have charged more so I would have had enough to fix all the damage when they left. Maybe that is why it is expensive to rent. Landlords get took a lot so they have to make enough rent to cover the irresponsible renters out there, so the good renters end up having to pay.
It's like that with everything. Retail stores figure their prices to cover losses they take from shoplifting, etc., right?
The house has been empty for a year and I would rather see it rot than rent it out again.
Plus if I ever did rent it again the rent would be a lot higher so I could put money away every month to fix the place up when it gets destroyed the next time.
Irresponsible people are the ones that ruin it for everbody, sadly there are few people in this world anymore that have any respect for someone elses property. When a landlord has money invested in a piece of property, they have to protect their investment.
bubbysgarage
July 2nd, 2008, 05:50 PM
I've been told that since we haven't had any buyers on our house we should rent it out and that we could get a pretty penny for the rent. Why? Because of the workers at the power plants...they pay. The house across from where i live was rented to a worker and he was paying $1200 a month in rent. I'm leaning towards the fact that the construction workers are willing to pay it so the landlords are making all they can. Good luck in your search. I did see a place for rent in the classifieds section on here...its on the Avenue and had recently been remodled. Good luck
jess41056
July 2nd, 2008, 06:38 PM
I dunno, if it would help or not. But my dad owns a house on the avenue that he will be renting soon. The last folks just moved out and he is doing a little bit of fixing up. It is in the 400 block. It rents for around $600, it has 4bedrooms, living room, dining room, tv room, kitchen, 2 baths and a laundry room. And a little yard in the back, with 2 decks. It's in good condition.
to make a long story short, the house we rent now we moved back into after a year and the people that where here before us, did a lot of damage. I like to respect other peoples property. Why would I went to live some place that isn't being taken care of?
landlord
July 2nd, 2008, 08:21 PM
I am there with you kybikertrash. I spend more on repairs and clean up from so called "good tenants" than I could ever get in rent. I actually had a lady message me on here saying my rent was too high. I fix places up to the point that I could live in them myself but to continually have tenants destroy, vandalize and trash places gets frustrating. I am getting together a landlords association so we can track the BAD, NON PAYING, DESTRUCTIVE tenants. If we can weed them out and not pass them around like a hot potato, we will save a lot of headaches and possibly be able to reduce rents by having good tenants. I do have some great tenants, but there are always the charmers, sweet talkers, BS'ers that pull one over on you.
I have some units open now also, but I am going to be VERY picky from now on. I can afford it to sit empty more than I can to repair the damages most tenants inflict.
Jeremy
July 2nd, 2008, 08:26 PM
Rent is hit or miss on price. You have some old school land lords in town who rent for what it's worth, but then you also have some land lords that really need to stop reading Lexington and Cincinnati papers and thinking those prices should be what's charged here. Sometimes the same type house (size, neighborhood, etc.) is much higher here than it would be in Lexington, strange as that may seem. It really only hurts the land lord who's gauging, because they'll get someone who's not going to stick around or who will have trouble paying the rent. If they priced the property reasonably, they're likely to keep tenants.
Honestly, if you have trouble finding a decent place to rent in Maysville, go over to Ohio (like Ripley) and rent there. It's a short drive and you'll save hundreds of dollars because they're not usually confused on what the place is worth. There was a townhouse in Washington that was renting for something like $800 a month. Same size place, in better condition, on Front Street in Ripley (scenic river view and all) was only $500 a month.
Foxy
July 2nd, 2008, 08:42 PM
Rent in Maysville has always been ridicules in my opinion...
Did I spell that right?
No .... lol .... ridiculous
... you spelled ridicules.. as in out down but it works in this thread just the same...lmbo
mom36
July 2nd, 2008, 11:41 PM
Well I know that landlords have a hard way to go with tenants but I have lived in alot of houses and can give refrences, I have cleaned some of them before moving into them and let me tell you, I feel for landlords and I do no what you mean, but all the houses I have ever lived in have been cleaner when I move out than when I move in. Beleive me if there was a leak that was causing damage my hubby would have took the time to fix it himself just because that is the way we do things.
landlord
July 2nd, 2008, 11:49 PM
Then you are truly one of the few, the proud, the ever elusive "good tenant"! lol I would be happy to have a few like you.:Banane44:
mark
July 3rd, 2008, 12:07 AM
..............I'm with you kybikertrash.
I was taking care of several of my parent's properties just after my father died in 2004. For some reason just after his death, all 5 of the tenants in various properties quit paying.
Hmmm, I spent every evening for 2 weeks trying to catch up with these tenants trying to get them to pay. I can't figure it out. I can only think that since the original landowner passed on, it's FREE rent time. I told them it doesn't work that way, rent still needs to be paid or get ready to leave.
You know...I have a life too....and....part of it is NOT chasing tenants for rent payments, especially when the places are in the east end & I live out past Washington. I wound up evicting 3 of the 5 tenants & the other 2 were just about on their way out but realized they have it too good with my cheap rent & caught up. I got out of the collection's business when I took my current employment & not interested in getting back into it. I don't chase tenants anymore. They must find me.
My motto is very simple......
If you don't pay, you don't stay.
I also spent weeks cleaning up & painting the vacant units & even replaced a bedroom door that was kicked in & the drywall behind it. I had some floating floor placed on a kitchen floor & we even found a hole in that tough floor from steak knife stuck into it.
My rental places are cheaply priced & I've had my tenants for a while. If/when I need new tenants......I'll be extremely cautious who I rent to..........see ya mark
landlord
July 3rd, 2008, 02:19 AM
That is my motto also Mark. My mortgage companies don't give me any slack, I have to pay each and every month, something that renters have not quite understood. But I suppose that is why they are renters.
mom36
July 3rd, 2008, 10:39 AM
Landlord that is not fair, to judge all renters because of some bad experiences. I have owned, but I sold my house because I don't want to be tied down. I want to be able to pick up and move if I decide to. I have rented many homes and I was never late or missed a payment on my rent. I am not bragging just telling the truth. If something is broke my hubby always fixed it. I just don't think it is fair to judge all renters, heck I could and have give a list to landlords of who not to rent to.
kybikertrash
July 3rd, 2008, 10:47 AM
I am there with you kybikertrash. I spend more on repairs and clean up from so called "good tenants" than I could ever get in rent. I am getting together a landlords association so we can track the BAD, NON PAYING, DESTRUCTIVE tenants. If we can weed them out and not pass them around like a hot potato, we will save a lot of headaches and possibly be able to reduce rents by having good tenants. I do have some great tenants, but there are always the charmers, sweet talkers, BS'ers that pull one over on you.
I can afford it to sit empty more than I can to repair the damages most tenants inflict.
You said a mouthful, landlord. The last tenant I had I did do a background check and got glowing references, but after she started doing drugs with her new boyfriend she didn't care about anything but doing drugs. So house work and letting the dog out to pee became too much trouble, apparantly. And I guess the reason she didn't want to tell me about the leak was she didn't want me in the house to possibly find any drugs or drug paraphenalia. Took me months to get her out and she kept asking if she could stay longer...what nerve. I told her if she paid the rent every month and took. care of the place and she could have stayed as long as she wanted.
My place has been empty for a year and I have had construction workers call me about it and I told them I am not interested in renting right it now, for any price.
kdown
July 3rd, 2008, 10:49 AM
But I suppose that is why they are renters.
We've had some landlords over the years that suck
I might add that in over 50 years we have never been late with the rent payment
kybikertrash
July 3rd, 2008, 10:52 AM
That is my motto also Mark. My mortgage companies don't give me any slack, I have to pay each and every month, something that renters have not quite understood. But I suppose that is why they are renters.
Amen. Most people that rent do so for a reason. Yes, the construction workers move around a lot so I understand why they rent, but local people that keep moving around town are usually doing it because they aren't paying their rent.
Chuck had mentioned to me several years ago something about having a place on the bbs for landlords to post about bad tenants. If we had a place there would be a lot of homeless in Maysille. Many people would have a hard time finding a place.
mom36
July 3rd, 2008, 11:15 AM
to all you landlords, how many times does it take for a tenant to keep reminding you that something is broke and you keep putting off having it fixed because you inadvertingly forgot. I have never had a bad landlord because if I don't like the way they carry themselves I choose not to rent from them also. Kdown I agree with you totally.
kybikertrash
July 3rd, 2008, 11:34 AM
I have never had a tenant have to keep reminding me of anything that needed to be fixed. Some examples....tenants called me at 8 on a friday night about a backed up drain, I had the plumber there by 10 that same night; got a call about a furnace that quit working on Dec. 23 (late in the afternoon), I immediatly took all the portable electric heaters I had to the house and could not find anyone to come fix it that evening or the next day (Dec. 24) so my husband and I were on the phone all morning until we found a part, drove 50 miles to get it and put it on ourselves that afternoon. Had it fixed by 4 or 5 pm Christmas eve. Another time I had a tenant call late one night said the electric had gone out in part of the house, I drove there with my three young children asleep in the car to pretty much show them how to change a fuse. I asked them if they ever changed a fuse and they said their last house had fuses...please!! Same people called about the heat going out and I went there in the middle of the night to find they had left the basement door wide open and the door to the furnace open and the wind blew the pilot light out, so I lit it and shut the doors. Agian, I say please!!. These are just some examples, but I have a lot of money invested in my property (including putting in an electric breaker box) so I take serious any problems that arise because I know how something left unrepaired can snowball into bigger problems like a drain pipe leaking that a tenant didn't bother to tell me about.
mom36
July 3rd, 2008, 02:20 PM
well sounds like your one great landlord kybiker, one that at least cares.
kybikertrash
July 3rd, 2008, 03:13 PM
well sounds like your one great landlord kybiker, one that at least cares.
Well, let's just say I really cared about my property. It was left to me by my mother but she had only owned it less than a year when she died so it came with a mortgage and not much equity.
I have had a couple of tenants that took care of it over the years, but the bad have out-weighed the good.
As soon as I can get it looking habitable agian, it will be for sale. I can't afford the payment with no rent coming in and I can't afford the risk that comes with renting it again.
sherry
July 3rd, 2008, 03:59 PM
I think the rent on our house is about average...It covers the payment, taxes and insurance on it. I agree that rent is high now days. I used to rent as well and liked the option of packing up when I wanted a change.:)
landlord
July 3rd, 2008, 07:38 PM
Landlord that is not fair, to judge all renters because of some bad experiences. I have owned, but I sold my house because I don't want to be tied down. I want to be able to pick up and move if I decide to. I have rented many homes and I was never late or missed a payment on my rent. I am not bragging just telling the truth. If something is broke my hubby always fixed it. I just don't think it is fair to judge all renters, heck I could and have give a list to landlords of who not to rent to.
Not judging, just stating the facts. I know not all tenants are that way, I have some great ones who are as close as family. But if you survey the landlords, you will find that it is a long and tedious process to find a good tenant. Like kybikertrash, I have a 24/7 maintenance person and if they can't get there, I am there. But to say you like to be able to get up and move when you feel you need a change? That reminds me of too many of my past tenants who are too lazy to clean the house, so instead they move on to another place. In fact cleaning out a place today, I found a letter from childrens services citing the tenants for child neglect because of the dirt and filth the kids had to live in. Of course they moved on but I called childrens services to tell them so they could keep track of the situation. And this is the son of a highly paid community official. They come in all shapes, sizes, from all backgrounds so it is nearly IMPOSSIBLE to foresee what will happen.
Kybikertrash, Chuck started on the website but I am not sure how far along he has gotten. I think it is a desperately needed service to protect both the landlords and the good, clean, solid, rent paying tenants.
I have had good experience renting to the power plant constuction workers and hispanics(yes I do verify they are legal).
kybikertrash
July 7th, 2008, 12:10 PM
I reviewed this thread today and noticed some things about this initial post. First of all inflation has also put a boom on me as a landlord, my property taxes go up every year and the insurance on my property has skyrocketed over the past few years not to mention contractors that i have to pay to fix the damage left are charging more to be able to make a living and building supoplies are going up. Secondly is the comment about landlords that let the property run down....most of the problem with the property being run down is the result of bad tenants. Here's some facts.....my property has a monthly payment of $425.00, insurance of $650 a year ($54 a month), taxes $850 a year ($79 a month)...total each month $558 in expenses. I was renting it for $600 a month making a whopping $42 a month. This year alone I have put $1000 into it already and am probably going to have to put a new roof on for another $1500.
My goal from the start was to just break even on it until I get the house paid for then I can breath easier when I don't have a mortgage payment , but I haven't broke even for the last few years .
Why is rent so high in Maysville, I know that inflation has put a boom on all incomes exspecially mine but why is the rent so high for housing when the landlords let the places run down. I wouldn't care to pay a decent price for a well maintained place but come on, some of the houses I have recently checked on is rediculous. My landlord had passed and the house I live in is being sold, so I am in search of a house in town, if anyone knows of a place please let me know.
kdown
July 7th, 2008, 12:17 PM
We pay 860.00 a month for a 2 bedroom with gargage. We don't mow, shovel, plough, no taxes, no insurance ( except renters ) and don't fix anything. We just call maint.
landlord
July 7th, 2008, 06:21 PM
we Pay 860.00 A Month For A 2 Bedroom With Gargage. We Don't Mow, Shovel, Plough, No Taxes, No Insurance ( Except Renters ) And Don't Fix Anything. We Just Call Maint.
And This Is In Maysville Or New York?
kcredden
July 7th, 2008, 07:42 PM
I can't really say why rent is so expensive, but why rent, when $800 a month (for example) would buy a small but liveable home somewhere, heck if you go though Farmers Home, you may be able to get a home for around $2 - 300 a month (just off the top of my head, I haven't looked into monthly payments lately.)
. Rent should be only as a last resort, since your basically tossing your money away. Is it credit problems? or such? Please consider that before renting again.
- Kc