Search This Blog

Monday, March 31, 2014

Real Estate & Fly Fishing - Change of Scenery

I like to spend my Sundays fishing the local high mountain freestone streams. I go 3 out of every 4 weekends. It is a succession of pools, almost like a fish ladder, all the way up through the rocky valley. The entire stream, with the exception of a few short flat runs, is literally pool after pool and in each is a hungry little trout waiting for my presentation. Sometimes, these pools are secluded from the rest of the stream in that there is a high waterfall at the beginning and an obstacle at the tail, be it a fallen tree, shallow water, or some other obstruction essentially imprisoning the fish until the water levels change and either flush it further downstream or give it an opportunity to move further up. When I catch one of these hungry predators, every once in a while I choose to liberate the trout and release her into another pool hoping she appreciates the change of scenery, other fish she encounters and new sources of food.

I recently purchased a rental property from an out of state landlord. She lived there 20 years ago, but since has changed husbands and homes now leaving her residing on the east coast. She told me her tenant had been in the house 19 years. I was telling my fly fishing partner and fellow real estate investor about this situation. He responded quite simply, “Sounds like he’s in a rut.” As I thought about this man in this situation, paying rent for 19 years, I decided to help him too get some change in his life and sent him a 60 day notice of termination of tenancy. 

I can only hope he too will eventually appreciate the change in scenery, other people he will encounter, and new sources of food from local restaurants wherever it is he ends up.

1 comment:

  1. It is so amazing that he lives in that home for 19 years and paying rent. there are some people who do not have ability to buy their own home so they pay rent but what I think is if you want to stay at some place for more than three years you need to buy a home not to spend your money on paying rent.