the first family who rented it signed a 12 month please then left 3 months early, and I had great difficulty meeting the next three mortgage payments. Ultimately my mom baled me out or my mortgage lender might have gotten very unpleasant. The renter said his mother told him "people do it all the time". He even accused me of trying to take advantage of him, asserting that he had to leave and if he paid me what he owed, I would just re rent it and profit unfairly from him. I almost lost my house. He was a "good church going" man. On another occasion his wife told me the rent check was "in the mail", but when I dropped by to repair a jammed garbage disposal (she had put a fork down it), the check was lying on the table.
The next guy gave me a months deposit but eventually he bought a new car and could not make both car and house payments so stopped paying me. He too left in arrears and my window air conditioner left with him. A powerful but less than careful man, he also managed somehow to pull down the garage door and I had to listen to his wife berate me for the "hazard" and also pay for a new door of course, this not being too far out of the ordinary except for her attitude.
When I was a student, and then as a young married, I/we also sublet our apartments a few times, Every time I returned to find I had been robbed, and once a a student ALL my furniture had gone with the tenant. he claimed he thought I was not coming back in time to move out on schedule and moved it out for me. I never recovered any of it before leaving the state. As young marrieds we lost our silverware wedding present, and lived without any for the next 30-40 years. Now that we have some we use it every day for fun and to catch up.
I myself would not take on the headache of managing my own home rental and indeed, except in case of absolute necessity, would never rent it at all. good luck, maybe you are or can learn to be a competent manager.
I do not enjoy dealing with people who justify any wrong they do me by pretending that I am rich and they are poor and needy, nor having my property in their care. of course there are many fine people looking for a rental, but I did not notice them applying to me. Maybe an incompetent business person like me just attracts the awful tenants. so i guess my lesson is not that all renters are bad news but that you need a competent manger to weed them out for you and too handle them if they slip in.
Last edited by mathwonk; Today at 06:08 PM.
Source: http://forums.welltrainedmind.com/showthread.php?t=428129
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