Real Estate Profits And Losses. Scenario 32: They’ll Meddle With Your Metal!


The Money Kings are keepin' it real, baby!!!

For your consideration: Real Estate Profits And Losses. Scenario 32: They’ll Meddle With Your Metal!

Watch out! THEY will get you.

See, if you own property that has wound up in one of these neighborhoods where people like to break into homes to steal metal pipes, you just wound up with another problem.

The Money Kings are now hearing reports of neighborhood a$$holes that will literally dismantle your steel shed and/or take the aluminum siding and other metal extremities off your home. So, what you thought was a burglary/theft problem inside your home has now doubled to include your home’s exterior—or heck, even that nice aluminum boat launch you installed last year. A$$holes are on the move, so ALL bets are off at this point.

If you’re lucky, and armed, the a$$holes will try to steal your siding while you’re at home. A simple 12-gauge with some buckshot will handle your perp just fine in this situation.

Typically, however, a$$holes will be casing your house. They’re watching when you’re not working on it. They’re watching when your tenant isn’t home. They’re planning to hoodwink you during the week while you’re at work, or your tenant’s at work. They’re plotting and waiting for their big chance. Then . . .


BAM!

They’re at your place stripping your gutters and siding. Heck, if you’ve got metal brick mold on your windows, they’ll swipe that too!

So, what can you actually do about this? Unfortunately, Money Kings, we’ve only come up with a few tools to pull out of your arsenal.

  1. If you already own a house covered with metal, and you notice someone is starting to strip your stuff, you might as well strip the rest of it yourself and budget for vinyl or cedar siding. If anyone is going to sell your metal, it might as well be you!
  2. DON’T buy a house that is convered in aluminum siding. Logistically, this will be the most attractive house for the a$$holes. Aluminum siding isn’t as popular as it once was . . . which is great . . . but still . . . If you’re out shopping for rental units, make sure you’re budgeting for all that aluminum siding to be stolen (if you’re buying in an area where a$$holes steal such things.
  3. A sexier option is video cameras. You can install a basic video camera system relatively cheaply. In fact, you can plaster video camera system sticks on your doors and windows, and that might be enough to scare the a$$holes away! The Money Kings have actually put this theory to the test—successfully.

When shopping for rentals: Don’t worry about gutters and smaller metal exterior finishings. These aren’t necessarily reasons to miss banking on a great land lording opportunity. If you have to replace these items with a non-metallic substance, it won’t cost you nearly as much as the damn siding!

Let’s hope a$$holes don’t figure out a way to melt vinyl down for resale scrap. A whole lot more of us will be in trouble then . . .



Good luck out there.

The Money Kings

Keywords: landlord, assholes, sex, thieves, stolen, aluminum, siding, rent, tenant, repair, property

If you liked this post, please consider subscribing to our RSS feed.
Or you can have new posts emailed to you by subscribing by email.


Sure a 12 gauge should work

Sure a 12 gauge should work just fine, as long as you're not in California or New Hampshire! I'm somewhat new to landlording and already I've seen some pretty crazy stuff, but that's a new one!

It really is getting

It really is getting ridiculous about 50 miles south of Chicago, Illinois with the copper thieves. Check out the daily-journal.com, almost every day the police blotter seems to be reporting a copper theft: either wire getting ripped out of the ground, copper pipes getting cut out of vacant houses, or even this one, which is my personal favorite of all time:


Two Bradley residents and a Bourbonnais man were arrested by Kankakee police at 4:34 p.m. Friday in Bradley for the theft of an 8-foot steel I-beam from a business in the 1200 block of Grinnell Road in Kankakee.

The I-beam was hanging out of the trunk of their Dodge Neon when stopped by police.

The theft was witnessed by the business owners who were able to follow the suspects and call police.

I love it! An 8-foot I-Bean hanging out of a Dodge neon!!!

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
  • Images can be added to this post.

More information about formatting options

This blog uses the CommentLuv plugin which will try to parse your sites feed and display a link to your last post. We follow all links. Please be patient while it tries to find it for you.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.