roamerr
Silver Member
I agree -- if you had the same tenant for 18 yrs and he paid all the rent due then he owed you nothing. You came out way ahead most likely. Keeping a tenant for that long is great.
I agree -- if you had the same tenant for 18 yrs and he paid all the rent due then he owed you nothing. You came out way ahead most likely. Keeping a tenant for that long is great.
After 18 years, you should have expected to clean, paint, recarpet, and maybe lay new vinyl. New appliances would not be unexpected. 18 years is a long time. I have been living in my house since 1994, have repainted twice, and it needs it again. All of the flooring has been replaced.
Your tenant could have communicated better, but you should have allowed two weeks to a month to refurbish the place before a new tenant moved in.
I hear ya tenants can be the scourge of the earth we have one rental and its not by choice its a house that sits adjacent to my shop property.
I bought it to control the area the rent income is nice though when its rented and everything is going smooth its $625 a month & 1 yr well written contract - no pets/no smoking/no junk period and a big deposit plenty of incentive to follow the rules or else.
Also having a lawyer who is a friend helps also plus being friends with the local law enforcement is a plus also.
The biggest plus (I keep telling myself this to keep focused) is renters are paying for it and will put another 70 grand or so in my pocket when I sell out but in the mean time its a huge pita I don't recommend it to anyone.
Brin, my mom rented a house last winter that had a lot of money stuck in to before dad passed away. They had intended on selling it, market bad and in a small town area just was not moving. Renter came up with half deposit 1 month rent, and never paid rest of winter.... Had to take her to court, cause she had kids to boot her out in June. 6 doors were broke, if I did not pick up 200 used diapers scattered through the house, I did not pick up any. The floor was covered from debris and pet feces (she was not to have pets) you name it. I have pictures, but to gross to show. It took me rest of summer into fall to repair damage. Mom totaled up damage came out to aprox 3500 dollar damage, and that was with her getting work done for free by me. ..They have other rentals, and slowly trying to get rid of them.
Smile and say you was blessed for 18 years.