Re: Kind of like Just Another Old Geezer problem.

Posted by Nathan (SD) on April 12, 2012 at 09:27:10 from (75.102.183.211):

In Reply to: Kind of like Just Another Old Geezer problem. posted by JDseller on April 12, 2012 at 08:25:00:

I had a kind of same story. I rented a farm with land and barns and very little fence. I paid a fair price. Not high, not low. but more than it was worth. Owner grew up there, had it given to him and after 20 years of borrowing against it, moved 250 miles away to get a job. There was 2 nice buildings he had full of junk so I put up fence to make pastures useable,but isolated those buildings so the cattle wouldn"t bother them, put up lot fences around barns and shoved acres of fallen tree limbs into piles and burnt them. Only one water line left on the place working, so I borrowed a backhoe from a friend of the landowner and fixed 2 hydrants and buried a new stretch. After 2 years he tells me the rent needs to go up since I got the place fixed up. I had made the place useable but still far from fixed up. I told him what I was willing to pay and If he got somebody that would pay more I would up and leave so he was sure to get more. I didn"t want to be in the way of his big payday. Well he spread the word that it was available. 2 BTOs were over right away. They only wanted the farm land. That was about 60% of the money I was giving him. A high school kid came out and threw some big numbers around. I clued him in that all the stuff in the yard came with me and it was leaving with me and the 2 nice buildings are full of owners junk. He looked at me and says, It sure aint worth much then.

After about 2 years af trying to get another renter, he come whining that his metro accountant says he needs to gross more. I told him she was probably right but it wasn"t gonna be from me. I told him to make those other 2 buildings available and do a little more water line work and I would pay more.Told me no. Told him again if he finds someone else to rent, I will up and go. No resistance from me. Next he puts a ad in the metro paper with big price. Had a couple groups of metro people come check it out. Most offered him about half what he was asking. Usually he would call when he was gonna drive out but one night out of the blue in early Oct he pulls in with a truck and skidloader and starts cleaning out the 2 sheds. Says he needs to sell by the end of the year. I made him a offer then on what I would be willing to pay. He stared at me with a tinge of anger like I had insulted him.

Finally on Dec. 20 after 5 years of renting he calls me and says he had a offer for $6000 more than I offered but he wanted to give me a final chance. I told him I would match that. I think he was sincere but I will never know.

Now I no longer want to deal with absentee landlords. If they don"t live right next to it. I aint interested. To much room for here-say when the distance between them and the land gets too big. The landlords I have now have all came to me. One is absentee yet. It is a piece of grassland and I keep in the back of my mind that I could lose it any day and it really wouldn"t bother me.

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