"The next morning at 6:30 I'm at Lowe's, haggling over the price of carpet remnants."
June 15, 2009 4:13 PM Subscribe
The Accidental Slumlord. In 2005, Daniel McGinn, a writer for Newsweek, wrote a story about out-of-staters buying rental properties in Pocatello, Idaho. A year later, Daniel McGinn, who lives 2,450 miles away from Pocatello, bought a rental property there. Why?
I didn't expect to get rich; my main motivation was to have a good story for the book. By that measure, the deal was a success; when House Lust came out in 2008, the chapter in which I described my early misadventures as a property magnate (an early tenant went to jail; my first property manager made off with $1,300) helped fuel reviews and interviews. But now, long after the buzz over the book has died down, I'm stuck with a house in Idaho—and friends who call me a long-distance slumlord.He goes to visit the duplex, seeing it in person for the first time. Previously in writer-and-real-estate-related schadenfreude.
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