From experience, having a lame landlord is a pain in the behind. But, to be fair it's got to be a pretty bad deal on both sides of the coin. I mean imagine having a bad tenant and having to rely on their (late) rent to keep the building running or getting complaints from other tenants weekly because of one bad seed. All bad.
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The place was empty and clean. The only sign that anything was wrong was that there were some weird seven inch wide circular burns on the carpet downstairs, some steel tubing left against the wall, and a teeny little devil's grass sapling, forgotten in the corner."
"My dad was a landlord who allowed his mother (who he wasn't very close with, she had a lot of husbands and abandoned him) to rent because she had nowhere to go. She had a wonderful way with words and she managed to convince my father to let her own two of the houses in the apartment.
Four years later, she filed a case claiming ownership of the entire apartment. She won the case because my dad's father (deceased) who owned the apartment was still legally married to her. A few months later, our father managed to claim the apartment back because apparently, his mother was legally dead (which was twisted, she filed her name in as officially dead so that she could receive the death pension). Since she's dead, ownership was given back to my father."
"I was a tenant, not a landlord, and heard this story from the apartment complex's handyman.
A new tenant who had just moved in complained that her garbage disposal was making a god-awful noise. Using his arm to prop himself against the wall over the sink, the handyman turned on the disposal. The noise the tenant described was present, but the handyman also felt a strong prickling along his arm; when he looked he saw a number of small nails sticking out of his arm. Apparently, a disgruntled former tenant had poured some carpet nails into the disposal.
Imagine if the handyman had been looking into the disposal when he switched it on..."
"I own a few properties in Sydney.
My tenants stopped paying rent almost right away after only three months. I had the locks changed and went to the property two weeks later only to find the place an absolute mess.
The was feces on most of the walls and holes in all the walls. And a whole toilet was missing. There was a hot water system that had a dead cat in it. The bathtub was full of cat crap. The kitchen was covered in dirty plates from the last 3 months. There was old KFC in the fridge, the carpet was completely munted and there were smoke butts EVERYWHERE.
$16,000 later, my investment property was back on track. I never did manage to recover my stove or toilet from the old tenants but the insurance covered most of it."
"A tenant had all but $25 of her rent paid for by government assistance every month and chasing that $25 was a nightmare. The day her eviction notice came due, I drove up to the house and on the front porch stood a girl, who was no more than 13-years-old. I asked the next door neighbor who she was and they said she sometimes stayed there. The power was off and the water was off. But this kid apparently stayed there. A dog was inside the house and the tenants were long gone. The house was crawling with roaches, (have you ever opened a cabinet and you see the roaches are living inside the hinges of the cabinet?). Not to mention, there was dog crap everywhere. They left mountains of clothes, mattresses, you name it. We stopped by this place on a routine basis and so did the city who funded them. They passed inspections. As we were cleaning out their mess, two large gentlemen showed up and asked why we were moving their things out.