problem is i used housing assistance and they will only pay one month's rent for security. damages are well beyond that not including my time and travel, loss of income cause i cant rent it as is. i really need the rent money too. wondering if i should just sell the house. i can't sue cause she doesnt have any money.
2006-11-26 13:09:54 · 5 answers · asked by annenymous 2 in Business & Finance ➔ Renting & Real Estate
Welcome to the great world of being a landlord. Amazes you what people are capable of, no? I've been a landlord for 20 years and figure I'm batting about .950 which, as you now know, is excellent.
Sounds to me like you are up **** creek without a paddle. You can't get blood out of a turnip, so the only thing you can do is pick up the pieces and move forward. Don't know about the rental market where you are but "Section 8" folks can go either way. Good deal or bad deal. Sounds like you got the latter. Bummer. Round up a friend or two, buy a case of neer and a couple pizzas and get in there and clean it up. Yes it sucks. Yes, your tenant should have done it. Add this to your long list of Landlord Things to Get Over. Take the bucks from housing assistance and do the repairs you can. Your house will be worth WAY more if you decide to sell with doing as much as you can, rather than as-is. Trust me the effort will pay off in spades. Now, tell yourself this: Everyone should be so fortunate to have these problems. I know this sounds wierd, but you are wealthy enough to have a spare house you don't even live in. 80% of the world is just trying to get enough to eat today. I know, its hard to see it that way, but I've learned never to ***** about my rentals, as everyone should be so lucky.
So get over the shock and anger, get a broom and GET IN THERE.
Should you decide to be a landlord again, there are a number of really good books out there. Number one consideration of all is who you put in your house. You learned it the hard way.
Sincere good luck. HB
2006-11-26 13:28:54 · answer #1 · answered by Hunter B 2 · 1⤊ 0⤋
Unfortunately, you will probably have to fix the house up before you can sell it. Or you'd get a lot less that what it may really be worth. Can you do some of the repairs yourself? That would save you some money. Or have friends help you with the repairs. If you keep the house to re-rent check into the backgrounds better. Contact previous landlords and see what kind of renters they were with them.
2006-11-26 21:16:41 · answer #2 · answered by mopargrapeape 5 · 0⤊ 0⤋
Yes you can sue. If you are in the industry of leasing homes for investment reasons, you need to take a look at the link below. This will provide you the protection you need from a Legal stand point. Please take a strong look at this, it will save you time and money!
2006-11-26 21:18:33 · answer #3 · answered by Anonymous · 0⤊ 1⤋
You cant sell until you get it fixed up.And why cant you sue You can and get a judgment She will have to pay and the feeling you got her.
2006-11-26 21:15:03 · answer #4 · answered by Douglas R 4 · 0⤊ 0⤋
you can still go to court and get a judgment.
2006-11-26 21:25:12 · answer #5 · answered by more than a hat rack 4 · 0⤊ 0⤋