Owners had not checked into the property for 10 years (lived out of state) , tenant moved out and somone else moved in and stopped paying rent years prior.
Property owner is an idiot.
There's a lot of that out there. A nice home near us has been empty for years. I heard that the owners died, and left it to a child who lives out-of-state. someone is paying taxes on it, and now paying fines from the town also, while the gutters have fallen off, there's a broken garage window and a tree growing-up through a crack in a the driveway. They could sell it for big gains too during this property bubble. Its just bizarre.
The owners had a property manager who did nothing. Looks like the property manager is disreputable and on the hook.
Thank you for the info. Letting 1/2 a million dollars sit for 10 years?? Ill add , Owner had more money than brains.
“””Owners had not checked into the property for 10 years (lived out of state) , tenant moved out and somone else moved in and stopped paying rent years prior.
Property owner is an idiot.”””
yes the property owner’s apparent negligence to manage the property led to having a tenant from hell. And the property manager appears to be an equal idiot.
All things considered there is not that much damage to the house.
This house appears to be ready to put on the market within 60 days—assuming a crew of 4 guys can be found who will work in Colorado instead of smoking weed all day long.
And the property manager was negligent. Sue him/her as well as the vandal.