Posted by
Ralph Reagan on Saturday, August 15, 2009 8:42:12 AM
Mr. Kirby,
I’m weighing in on this subject because you don’t have one scintilla of balance in your columns on tenant/landlord issues.
If a person really wanted to help the issue, the solution is not more government regulation and still another body blow to any chance a landlord has at making a profit.
Any regulation promulgated simply reduces profit even further. Landlords do not make zillions of dollars off the misery of tenants rather it is more likely the tenants destroy the homes they live in while insuring that owners never realize a profit at all!
The real solution is to allow owners to evict tenants promptly upon non-payment of rent by the 15th of the month unless the tenant can negotiate with the owner another deal.
Nearly all folks can constructively evict themselves if the conditions are so egregious where they are living.
If an owner say is making $100 a month in cash flow above their mortgage and management fee they are doing well. Now if the tenant destroys the new carpet and messes up the walls then the $2400 realized from the rent doesn’t insure a profit but probably a $2000 or so loss.
So what’s the deal now? Inspect the properties and then have the owners pay for the mess caused by the tenants?
Who owns the house the tenant or the owner?
Ralph Reagan