Imagine that the single family home you own in a quiet neighborhood was just leased to a family that moved from out of state. You pop by a few weeks after lease-signing to drop off extra keys and see how they are settling in. Instead of beds, sofas and other décor, you find that each room has been fitted with grow lights connected to hazardous tangles of electrical cords. Your tenants have stripped your house of furnishings and converted it into a greenhouse for growing marijuana.
That nightmare occurred in a Colorado city that has been known, not for its drugs and crime, but for art, a rich history and beautiful museums. In fact, Pueblo, Co., made Livability.com's Top 10 Cities for Historic Preservation list. Yet, investigators who searched a rental home there in March found 127 pot plants and growing equipment worth more than $100,000.
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The owner of a Pittsburgh apartment complex is being sued by a woman who claims that when she toured a rental unit, she was so startled by a dog's sudden barking that she fell down a flight of steps. Ten months later, she has filed suit in Pennsylvania Supreme Court, saying that the stairway at the complex was poorly-maintained and that her injuries have required extensive and ongoing treatment.
She is seeking… Read More »
Landlords should never barge into their tenants' home without notice to enter, of course. But what if a horrific tragedy with international repercussions propels them across that threshold... with a horde of journalists at their heels?
That appears to have happened to California landlords Doyle and Judy Miller when their tenants were named in the December shooting rampage in San Bernardino. What followed – the chaotic scene in the Miller's Redlands rental property as reporters… Read More »
The Department of Housing and Urban Development has proposed banning smoking in all buildings under its control, another nail in the coffin for dwindling US smokers.
While many HUD properties have been voluntarily smoke-free for years (HUD strongly encouraged them to adopt no-smoking policies beginning in 2009), the proposal would ban lit tobacco products in all rental units, indoor communal areas and administrative office buildings. Smoking would also be prohibited in outdoor… Read More »
You may be sick of hearing it, but it’s a great time to be a landlord. The statistics keep rolling in, and they’re all pointing in the same profitable direction – rental housing supply is low, and demand is high. The latest confirmation of this landlord bonanza is Rent.com's 2015 Rental Market Report.
The report reflects a survey of 500 property managers, accounting for thousands of rental properties and hundreds of thousands… Read More »