Posted on 06/17/2021 1:12:41 PM PDT by DUMBGRUNT
'If you dream of owning your own little slice of hell and turning it into a piece of heaven, then look no further!' the listing says, but warns: 'This house is not for the faint of heart but for that special person who can see through the rough diamond to the polished gem inside.'
Listed as an 'investor special,' the 3,598 square-foot home is filled with graffiti that includes the message 'evict me bitch' spray painted onto a door and a freezer full of rotten meat left behind in the basement
Foster said the carpets were also 'saturated with urine' and the former tenant, who was a woman who owned a lot of pets, left two of her cats to die in one of the home's bathroom after she was evicted
'In decades of being a real estate agent and a landlord, nothing could of prepared me for what I was about to encounter' she ominously says before entering the home.
(Excerpt) Read more at dailymail.co.uk ...
I’m guessing he lost his security deposit?
Austin has the most expensive housing in the state. (but at least it’s pretty)
But the area between Austin and Dallas (central Texas) is very affordable.
Nope, insurance won’t cover intentional damage like this, they’ll just tell you to sue the tenant for the damages.
And we’re supposed to feel sorry for these deadbeats because landlords are all evil or sumthin’.
I’m sure she’s a democrat...
That said, nice to see the owner got the word out about her...it’ll be a cold day in hell before she finds someone willing to rent to her after this exposure.
I sold my rental because of this possibility. Law no longer protects owners.
It’s a real life “Pacific Heights”
Yep, you are correct. The big change in how you have to do business happens at 5 units. I had 4. I liked widows. No noise, no mess, perfect payers, seldom moved. Just respond right away when something breaks and they are happy.
“Dealing with shrieking tenants at 2 in the morning, not so much. “
A TOTALLY different level than any failed domestic infrastructure hysteria from the wif.
“ I had a rental too. Renters had plenty of money for liquor and cigarettes but no money for rent.”
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And Tattoos………don’t forget the beautiful tattoos.
People like that would rather sit in a mail cell than perform any service like that.
“....property manager told....”
_______________
Property Manager told a whopper, that’s for sure.
It would take weeks for all the carpets to be soaked with urine.
Property Manager never went inside the house, at all. Had he/she done so he/she would have been able in court to show cause why the woman currently in the house would need to be accompanied into the house while collecting her property.
There are many insurance companies that will not cover rentals because of this type of mismanagement by property managers and by renters.
There are also banks that will call a loan in for immediate full payment if a person takes out a Residential (Personal) and then converts said property to a Commercial (Rental) property.
Don’t blame the insurance companies, nor the banks on either issue.
My father had several rentals and was blessed with good renters for the time he rented those properties. If I recall one property was rented for almost 30 years by the same family; he offered the house to them at an extremely good price (for them) out of gratitude for their responsible renting. He couldn’t see asking them to leave (even at an higher offer) and wanted to have it as a ‘thank you,’ for them.
My dad is not that nice, typically. So this family must have really been good renters. I was very glad for them.
We have been very fortunate with ours. We bought two homes on one lot for $155,000, living in one and renting the other. Our effective "rent" (our share of the monthly nut after rental income and expenses) has been under $400 a month. We renovated the rental about ten years ago (using refi money) got new tenants at higher rent, and the appraisal for our latest refi came in at over a half million. The new tenants have become like family. Like I said, very fortunate!
And they don't usually break stuff!
I think a choice has to be made:
Section 8 slumlord or nothing.
I don’t think there’s an in between anymore.
Property is a great, high-risk, investment.
As long as you get good tenants, the ROI and capital accumulation are excellent. The less good tenants can take it all back and more.
It would sell in a heartbeat in this market.
Sounds about right. A nearby 5 bedroom home melting into the ground and water damaged in every room is selling for $470,000.
I went with my realtor to look at a handyman special. I figured it needed a decent amount of work but I liked the area.
We stepped in the house, turned right around and left. The drywall had been removed and the walls were literally 100% covered in black mold.
Oddly, 10 years later the house is still standing.
The tenant could have done a lot more damage. Think wiring and plumbing. Most of the inside damage is cosmetic. The rotten sills and windows is where a lot of money is going to be spent. The property manager should have handled that as well as the roof. The contractor is probably in trouble if they roofed the house based on a tenants word. Most people buying the house would have replaced the counter tops and sinks anyway and probably painted the cabinets. Carpets would have probably needed to be replaced as well. Seems expensive house but I don’t know the location.
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