Here are the dangers of renting out to tenants and not being well versed on landlord/tenant law in your state. Now I am not going to point fingers just put forward what was told to me by a tenant that was renting a house. You see this landlord has houses in many locations and most of them are in what we call the lower income sections of town.
Was doing my retail business when one of the workers at the location came over and talked to me as he is also a customer of mine now and then and he started talking about his place. After hearing all that I did, I asked him for the number to his landlord and I would not mention his name. This is Sunday and I will talk with this landlord tomorrow.
1. Tenant told me, they pay their rent cash and give it to the landlord and they are not given a receipt.
2. It was discovered one month after living in the house that the carpet in the bedroom had mold and they were told it was just dirt when they moved in and that if they cleaned it they would get a reduction on their first month’s rent. It was not dirt it was mold and this was discovered when the wife had numerous Asthma attacks, so health officials came and told them it was mold in the carpeting in the bedroom.
3. The drain pipe under the house had a problem, and the landlord again told the tenant they would give them a reduction in rent if they started the digging and then she would get a plumber. Thank goodness the tenant refused to do this. The landlord is now hassling him. Says to go to the facility across the street to use the bathroom until the items is fixed.
I think everyone is getting the picture and there were other things as well. So, I am going to be nice with this landlord until I see she does not want to do the right thing and then I will start educating her about what it means to rent out homes and IRS requirements as well.
You would think in this day and age there are not people like this, but when you have people that all they want is a roof over their heads, no trouble are hard workers, often times they are taken advantage of.
Yes, there are some still doing business as usual. I have a problem with finding good tenants. I get lots of calls but when I mention the background check they hardly ever call back. Some do not want to even pay a deposit fee. I just evicted a tenant who I thought was a good tenant until she brought to 2 dogs and refused to remove them from residence. Thank God my lease has a $1,000 pet deposit. I thought the high amount would deter this from happening. She broke the lease agreement and the judge awarded me a $2,000. small claims settlement. It does pay to have a thorough lease with the State Laws in it. And always follow the LAW. I can't believe some landlords are still using a simple one page lease. A simple phone contract has a better chance at winning. Why would a landlord give a tenant loose reign over their investment is beyond me.