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Nobody Loves A Landlord
The typical landlord starts off life as a lighthearted real estate investor. The investor isbrimming with enthusiasm and is determined toacquire some single family homes that will beattractive to renters... and start down the roadto financial independence. Then... Wham! Reality smacks them right inthe face! The investor-landlord is fair game foralmost everyone. Why? Because nobody loves a landlord. It's bad enough that many renters don't quite understandthat without their monthly rent payments the landlordcan't make the mortgage payments on the property. A few renters are surprised to learn that the family room of arental home was just not designed as the place to rebuildmotorcycles. Nobody loves a landlord. And then... how many legal hoops must the landlord jumpthrough? In most states tenant/landlord law favorsthe tenant in many ways For example: A tenant signs a one year lease. Six months later thetenant breaks the lease and moves. Now the law demandsthat the landlord find a new tenant for that unit asquickly as possible. Yes, the tenant only has to pay rent until the new tenant is found... but the burden falls on the landlord. Why shouldn't the tenant... the one who broke a contractual promise have to find the replacement tenant? Why? Because nobody loves a landlord! Here's the first paragraph of a story in my morning newspaper "A huge marijuana garden of 212 plants nurtured by an intricate irrigation and lighting system worth ten of thousands of dollars was uncovered inside a West Valley rental house Saturday." The house was vacant except for the cash crop and I can'thelp but wonder if the growers were getting governmentfarm subsidy payments? The home has an out-of-state owner. Some poor investor whothought he would cash in on the fast-rising Arizona home values. Here's the kicker. That investor could be held responsible, becausehe did not properly supervise the use of the property! Many areashave such laws. Why? Because nobody loves a landlord! This should be a reminder to all of us that a rental house orunit is not a set-it-and-forget-it investment. Every good leaseor rental agreement has an inspection clause that allows thelandlord or his representative to periodically enter and takea look at the condition of the premises. Are you doing that? You should be, because... Nobody loves a landlord! About the Author: Mark Walters is a third generation real estate investor who shares his experience from his Web sites:http://www.lease-option-sub2.com
MORE RESOURCES: Couple in California surrogate case also faces two lawsuits over real estate business practices NBC News Altadena’s rough real estate market: Slower sales, lower prices, lottery winner plucking up properties Los Angeles Times Real estate magazine reports Les Wexner as Blue Heron buyer The Martha's Vineyard Times Real estate expert warns socialist mayoral candidate could trigger massive NYC exodus - Fox Business Bedrock flexes its real estate portfolio to grow Detroit's tech ecosystem - Crain's Detroit Business Bedrock flexes its real estate portfolio to grow Detroit's tech ecosystem Crain's Detroit Business Canadian psychologist Jordan Peterson sets up shop in the Valley, records show The Business Journals Office real estate wide open in Denver as vacancy rate hits 36 percent Colorado Public Radio Homeownership education needs a reboot — and a new messenger Real Estate News by RealEstateNews.com NAR Real Estate Forecast Summit National Association of REALTORS® 21-year-old confessed but not convicted killer pleads not guilty to murder of real estate agent ABC30 Fresno Vail Valley real estate inventory is on the rise VailDaily.com Real Estate Partners Dollar Tree REAL ESTATE | 5221 Little Cedar Lane in West Bend, Wi | By Emmer Real Estate Group Washington County Insider A New Perspective: Here Comes the Groom | Real Estate Insights Piedmont Exedra Let's Talk Business: June residential real estate sales lagging, heritage grants and more Pueblo Chieftain Dawson County weekly real estate transactions, July 18 Central Nebraska Today ‘Unfiltered’: Are agents ready for a buyers market? 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Norada Real Estate Investments Today’s Mortgage Rates: The States Offering Lowest Rates – July 18, 2025 Norada Real Estate Investments Real estate news: Senior apartments in Tustin sell for $83M; Fullerton Metrocenter snares $118M Orange County Register Real Estate Market Report (June) highlandscurrent.org Los Angeles Water & Power commits $100 to real estate debt Pensions & Investments Operation Pawssible: Greenbrier Humane Society gets a boost from local real estate company Mountain Messenger SRS Real Estate Partners Arranges $4.53 Million Ground Lease Sale of Walmart Property in Deltona, FL citybiz Second car crash into downtown Columbus building prompts owner to again seek demolition The Columbus Dispatch Bridgemarq Real Estate Services® Declares Dividend Yahoo Finance Corcoran McEnearney Announces Evan Lacopo to Lead the Number One Real Estate Office in Alexandria, Virginia Alexandria Living Magazine Licking County real estate transfers for June 30-July 4 range from $200,000-$14.6 million The Newark Advocate Moon Becomes Next Real Estate Frontier, NAR Reports Higher Foreign Investment In US Huntsville Business Journal Banner Real Estate Group Breaks Ground on 334-Unit The Faywell Multifamily Development in The Heart MultifamilyBiz CBRE Announces Strategic Leadership Appointments Across U.S. & Canada Advisory Business Boston Real Estate Times Gravelle advises on current real estate market in Grant County Columbia Basin Herald Mortgage Rates Rise This Week Staying Within a Narrow Range Below 7% Norada Real Estate Investments Mapletree Sells Sun Belt Warehouse Portfolio to EQT Real Estate for $241M Commercial Observer Why Relationships Still Win: Ian Brandon of Cambridge Savings Bank on Lending Smarter in an Uncertain CRE Market Boston Real Estate Times GenesisM Breaks Ground on 154,000-Square-Foot Biomanufacturing Facility in Bedford, MA Boston Real Estate Times July Economist Snapshot: What Will the Big Beautiful Bill Mean for Commercial Real Estate and Housing? Urban Land Magazine AGC MA Announces 5th Annual Building Advancement Externship to Bridge Educators with STEM Construction Careers Boston Real Estate Times Home Buyers: Stop Freaking Out After the Home Inspection National Association of REALTORS® Miami-Dade’s self-storage surge a boom for real estate IslanderNews.com Top Stocks for Real Estate Investment Elite AI Stock Forecasts - Massive wealth growth Jammu Links News Tips on spotting real estate investment opportunities and avoiding risks, from experts at GR Property Group Community Impact LOCAL REAL ESTATE TODAY 7.18.25 KQEN News Radio SRS Real Estate Negotiates $4.5 Million Sale of Walmart-Anchored Property in Metro Orlando Shopping Center Business Stage Point Europe Launches Its RWA Token $SPET, Setting it up as a Bridge Between Crypto and Real Estate Morningstar The Pipeline: Commercial real estate roundup for 7.18.25 Richmond BizSense Stonelake Capital sells dozens of industrial buildings across US for $920 million The Business Journals Drake Real Estate Partners closes largest fund yet after pivoting to institutions Private Equity Real Estate | PERE Hunt Companies Acquires Controlling Interest in Carter, Strengthening Real Estate Development Platform Business Wire Vend Leans Into Verticalisation As Real Estate Revenue Grows 11% In Q2 onlinemarketplaces.com Law firm expands real estate practice with economic development heavy hitter - The Business Journals Law firm expands real estate practice with economic development heavy hitter The Business Journals New plans unveiled for Water Street’s second phase Tampa Bay Times |
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