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To: Poet who wrote (2834)	2/13/2000 8:09:00 AM
From: DM	Read Replies (2) \| Respond to of 8096

Poet OT "are they alot of work" Well if you had ask me about a week ago I would have said no, however this past week I had 4 tennants call me with problems. Nothing in the middle of the night, and I am really thankfull my father in law is retired and can take care of the little things. All in all we have not had many problems, and so fare (knock on wood) no middle in the night calls. Nice deduduction on our taxes. DM

To: Poet who wrote (2834)	2/13/2000 9:46:00 AM
From: edamo	Read Replies (1) \| Respond to of 8096

poet...ot ot ot "rental houses" sold last year several oceanfront rental properties owned since around 1990.............when all is said and done, i make more money using capacity to sell puts, which are easier to repair, then when a tenant trashes your property! i find it difficult to obtain better then a 10% cash on cash return on residential rental property, unless you go into the inner cities and buy row homes on the cheap....i have a friend who does this in wilmington delaware, very lucrative, but every friday, him and his gun, go out collecting the weekly (yes weekly, so the tenant can't get far behind)rent

To: Poet who wrote (2834)	2/13/2000 12:07:00 PM
From: PAL	Respond to of 8096

OT OT OT: Although I have sold most of my rental properties, I still have a couple so to speak. Yes it is a lot of work, but you can minimize by carefully choose the tenant: - if a tenant is serious, ask them to pay in advance a nonrefundable fee for credit check (e.g. TRW), which still does not guarantee should there be bad credit. - prefer tenant who is handy with house repair, and probably likes to work in the yard - if you find a good tenant, don't raise the rent, or raise the rent a little bit; keep it below market and make them aware that looking at another place is more expensive and that annoying landlord for cosmetic repair only cause the rent to go up. __________________________________________________________ rental property is one of the better way to leave wealth to the children. Every year you can deed $ 20K cash/equity to each child (H&W), w/o incurring gift tax. Let the children be aware about this so as co-landlord they also have the responsibility for the maintenance. over the years the equity builds up which should provide a good source of downpayment for the children's first house. when they move out, they can live in the that rental property for two years, and sell it practically tax free because of the $ 250K exclusion. Paul

To: Poet who wrote (2834)	2/13/2000 12:59:00 PM
From: RR	Read Replies (1) \| Respond to of 8096

OT Rental Property (and a bit on JDSU/QCOM) Poet: I've had rental property since the early 90's. Got to the point where I finally had to hire a management firm that specializes in that area. They do it all...collect rent, maintenance, take the complaints, etc. I get one check per month from them with detailed itemizations of costs and rent. A management firm's fees can be hefty but you have to consider what your time is worth in managing it yourself, and all the other variables regarding why you have the investment in the property in the first place, i.e. income, appreciation, tax benefits, etc. Frankly, I could have taken the money invested in the rental properties and made much much more having put that amount in the market instead. But, it has been a good experience and have learned from it. We still have the properties, too. Rick PS: Just for info if anyone is interested, I've been increasing my JDSU position versus QCOM. Last week I wrote QCOM was about 2 times my JDSU. Among the two, JDSU is now 60%, QCOM 40%. Have been buying the JDSU Sept 190 calls lately, UCQ IR.