Excess Damage

Discussion in 'Landlord & Rental Property Questions' started by Rainman, Feb 16, 2015.

  1. Gelsemium

    Gelsemium Senior Investor

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    That looks like a nightmare diane. Yeah, I can imagine that a professional real estate agent dealing with those affairs is a huge relief for you, but less money too...
     
  2. ally79

    ally79 Guest

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    I think that hiring a rental agency to handle your properties is one of the best things that you can do, especially if you have more than one. My grandparents have 10 and we are trying to convince them to allow someone to manage them. My grandfather is in his 80's and he just can't keep up with all of the work anymore.
     
  3. dianethare

    dianethare Senior Investor

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    I'd rather deal with them taking a percentage off of me equating to less drama and stress plus more security, things getting done and some sanity all wrapped in one bundle :)
     
  4. Determined2014

    Determined2014 Guest

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    Yes I do believe that tenants shoould be held resposible, for the damage they have caused, especially if the deposit is not enough to cover the damages, they should definately be sued without second thought.
     
  5. Kate

    Kate Senior Investor

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    I don't really know much about this area of law... but my knee-jerk reaction is that seizing their property would not be a legal avenue to take. That would surely give them a good case for a counter-suit. (If I'm wrong about that, I'm sure someone will tell me, but what amounts to "stealing" someone's property just because they owe you money doesn't seem like a wise choice.)

    If it's worth the costs you'd have to pay to take the matter to court, I'd think that would be the only way to go, yes.
     
  6. Kate

    Kate Senior Investor

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    I agree with this so strongly. We have one for a property in another state, and he takes care of *everything* and of course that's a huge chunk of anxiety off the shoulders.

    Within the last few months, a new problem has come up with the tenant's cash flow once again. I am *so* very glad that it's the manager that's having to deal with it and not me! Well, he *is* getting paid with a percentage of the rent, so it's not like he doesn't expect having to deal with all kind of problems and issues! :D
     
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  7. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Good to see you Kate!

    How have you been?
     
  8. shilpa123

    shilpa123 Banned

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    It is best to avoid damage from the property you are actually renting. I believe it is best if we do think labout how bad the damage is done and take so much money from the deposit.
     
  9. Profit5500

    Profit5500 Senior Investor

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    I stay away from seizing any of the property since you do not want the tenants to react angrily at you. Getting an attorney would be the better way to handle the matter.
     
  10. dianethare

    dianethare Senior Investor

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    I hope they do take in the advice you are giving them...in the event they are unable, you guys can chip in and lend a hand...right?...lighten the heavy burden abit...because believe me tenants have a knack of attacking weak, soft and vulnerable landlords and they go all out...i have been there...its never pretty :(
     

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