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Landlord Stories


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2022 May 12, 8:53am   6,259 views  52 comments

by BayArea   ➕follow (1)   💰tip   ignore  

I have a bunch of them but here goes one.

I rented a condo to a 50-something guy that was moving to Oakland (Rockridge) for work from the east coast. He lived in the unit for 5yrs.

I get a call from him one Saturday morning saying the kitchen sink is backed up and the disposal isn’t working.

At the time I was managing the unit. I show up to find the garbage disposal completely full to the top with orange peels and watermelon husks.

I look at the guy to see if I could find a trace of common sense in his eyes. I replace the disposal and inform him that this is not a commercial grade disposal and items like that must go in the trash.

That was one small example why I’m no longer a landlord.

I have many stories but interested to hearing yours as well.

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41   Eric Holder   2022 May 13, 12:00pm  

zzyzzx says

Eric Holder says
Being in California the concept of a basement is foreign to me. =))


You are missing out! I am adding you story to my long list of reasons not to move to California.


Au contrare, my friend: not having a basement gives me opportunity to point out to my kids, that livinig in my basement as adults IS NOT A FUCKING OPTION for them. :)
42   Ceffer   2022 May 13, 12:03pm  

It's kind of hard to live in the concrete slab of Mom's crap shack. Of course, a crawl space will do in a pinch, as long as the raccoons don't mind.
43   BayArea   2022 May 13, 2:25pm  

Booger says

BayArea says

I rented to a gay couple once

Boy did they make a lot of nit-picky calls on things.

Also, at lease renewal time they would always remind me of how much rent they paid in the year and used that as reason why each year they should get something like new appliances or carpet.

Fuck you


I would have guessed that gays would make good tenants because they didn't have kids wrecking the place.


They were clean, no complaints there.

But boy were they entitled. Listen tenant, I’m not going to replace a perfectly good working washer because you think that you are entitled to a new green water conserving washing machine. That got old.
44   Ceffer   2022 May 13, 2:29pm  

BayArea says
new green water conserving washing machine. That got old.




Get them a washboard, a tub, and a bar of lye soap, LOL!
46   fdhfoiehfeoi   2022 Oct 18, 10:41am  

Sounds like the classic case of buying without vetting the purchase. Happened to my friend also on one of his first rental property purchases. If you're buying rental property, make sure to vet the existing tenants.
47   WookieMan   2022 Oct 18, 10:47am  

NuttBoxer says

Sounds like the classic case of buying without vetting the purchase. Happened to my friend also on one of his first rental property purchases. If you're buying rental property, make sure to vet the existing tenants.

Buy commercial, preferably cash. NNN lease. No emotion and no responsibility in comparison to residential. I'd never do residential rentals again unless it was the deal of a lifetime. People running a business have drive to not fail. Residential tenants know they can fuck you over and it not be a big deal for them.
51   AD   2024 Sep 5, 12:18pm  

zzyzzx says

https://www.reddit.com/r/realestateinvesting/comments/1232kwv/my_battle_with_squatters/

My Battle with Squatters


For a Democrat state, even Colorado has anti-squatter laws like Florida.

I think Florida recently copied Colorado's law and they threw the book at a recent squatter from New York who thought he could game the system in Bay County, Florida.

I suspect now some criminals coming down from the north realize Florida just passed an anti squatter law: https://sa14.fl.gov/2024/07/26/squatter-sentenced-to-40-years-in-prison/

I think the reason being is all the rich white Democrats who own vacation homes in Aspen, Vail, etc.

Also there are a lot of AirBnB homes in Colorado (just like there are in Florida with the beach condos, etc); so they need these anti squatter laws to protect the vacation home rental industry.

.
52   AD   2024 Sep 5, 12:29pm  

zzyzzx says

I'm a failed Real Estate Investor.


all about research and due diligence

i agree as far as the other post about checking existing leases and who the tenants are as well as verifying the financial docs that the seller provides

hire a good building inspector to check from foundation to the top of the roof including condition of utilities like water and sewer lines, storm water issues now and potentially in the future, etc

as well as what is next to the real property such as undeveloped land that could end up being developed and reduce your property value or make it hard for customers to reach the tenant stores on your property

.

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