What a pant load this article is. No landlord anywhere can evict a tenant for no reason. Neither does any landlord want to fail to renew a lease at the end of its term if the tenant has been a good tenant. Between lost rents, repairs and commissions it costs landlords thousands of dollars to get a new tenant.
exactly, this is just an attempt to make it harder to evict a renter for non-payment of rent, because now it will have to be fought over in the courts while they sit in your property paying nothing for months.
In the early part of the 2000’s I lost money in the tock market, twice. I decided that was it and put most of my stock portfolio into rental properties.
I think I made a good decision, I still have the properties and they are worth more than I paid for them, and certainly more than the value of the stocks I would have had had I not sold them. On top of that I get a good 10% or more return. I never got close to 10% in the market.
All this being said, I don’t kick out tenants for no reason. I like that that they pay me rent each month. I don’t like to have to rehab a house when they leave so the longer they stay the better for me. I doubt that I am any different than any other landlords. When a tenant moves out I often have to get new appliances, paint and replace carpet and tile floors, it gets expensive. The government already takes the equivalent of a months rent in property tax and there is another month equivalent in insurance.
If a tenant is bothering neighbors, doing something unlawful, tearing up the property or not paying rent, then yes, they will be evicted. It is a last resort. When I evict someone they often have not paid their rent for months and once you start eviction proceedings you can guarantee you will not see any more rent and the court system takes months to get put on the docket. All this can be stressful and make you want to get out of the rental business. The vast majority of renters simply live peacefully and pay their rent on time and don’t bother anybody. The last thing I would want to do is force them to move to somewhere else and let someone else collect their timely rent.
Yep, as a landlord I know that maybe keeping the rent a hundred dollars less than what I could charge, will keep a tenant longer, and save money over the long-haul.