Quote:
Originally Posted by justinsain
I have a friend that bought a house a few years ago as an investment and rented it out to pay the mortgage. His first tenants were a couple with two kids. They paid for a few months and then stopped paying.
He relied on receiving the rent money to pay his mortgage and since they stopped paying he told them to leave and they left on their own accord. He then used a realtor to screen tenants with the hope of finding someone more reliable. They placed a single, 60 year old woman. She stopped paying rent after three months and refused to leave so he had to go through the eviction process all the while receiving nothing towards his mortgage.
Eventually he fell too far behind his mortgage due to non paying tenants and his $250,000 house was foreclosed on.
There really is two sides to this problem and both sides need to fulfill their obligations for the deal to be successful. Saying this is all just over $100 is misleading and a cheap way to spark emotions.
|
so your friend, through no fault of his own, lost his investment, probably $10k+ AND had his credit ruined for many years... while the tenants who really are the ones at fault here, when all is done, will just move to some new place like nothing happened... (and will probably get a month or 2 of free rent in the process too
)
but of course the socialists on gfy view the landlord as a greedy asshole, while the tenants are victims in this situation...
