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Reply to "Is owning a rental property a good investment?"
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[quote=Anonymous]Watch the movie the Super before becoming a Landlord, here is plot. Louie Kritski is a heartless slumlord who was born into money, thanks to his ruthless father, "Big Lou" (Vincent Gardenia), also a slumlord. However, the tables turn on Louie when he's threatened with prison for his failure to keep his New York City slum up to code. The judge gives him another option, which he accepts: he must live in a vacant apartment of one of his own shoddy run-down apartment blocks until he brings it up to livable standards. The sentence is an effective house arrest; Louie is not allowed to leave the apartment except for routine exercise, grocery shopping, medical emergencies and business relating to building repairs. In addition, Louie is not authorized to make any changes to the apartment he has been assigned unless all other apartments had the same upgrade beforehand. At first Louie is adamant that not one repair will be carried out, and will wait until his father bails him out. However, Louie has a change of heart after meeting and getting to know the building's residents, including a small-time hustler named Marlon (Ruben Blades), and a struggling street boy named Tito (Kenny Blank). Over time, Louie grows more sympathetic with their problems and makes amends for his greediness through actions such as donating space heaters to the tenants to help them cope with the winter. Unfortunately, Big Lou Kritski is the owner of the property in title, and he resists his son's entreaties to spend money to improve the tenements. When Louie confronts Big Lou who is about to set fire to his own tenement, all the residents appear on the roof to back up Louie. The film ends with Louie's building completely refurbished, Marlon becoming the new super, and all the tenants gathered outside to see Louie off with a gift: his Corvette fully restored. A grateful Louie drives away as a large man appears and angrily demands to know who stole his car; all the tenants point in the direction in which Louie drove off in.[/quote]
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