*** I edited this post because of SE Renter’s comment below. I don’t necessarily agree but in this litigious society, I’ll take heed. I also should have pointed out that we currently have and have had good renters. My tone was not meant to be flippant but to indicate you can’t predict what is going to happen in a property that you own.
You have two choices if you have rental properties: be a landlord or hire a management company. We have chosen to be our own managers so have collected some pretty good stories.
XXXXXX Move by a Tenant: At 11 o’clock one night I say to my wife, “it smells like burning toast.” We get up and discover the tenant in the basement hopping on one foot crying and smoke billowing out of the oven. After an XXXXXX night out, she came home hungry and decided to cook tater tots; on the clean cycle. 900 degrees later tots ignite and since the oven door is locked down in the clean cycle the door won’t open. Solution: kick it bare foot until you break your toe…
Boldest Move by a Tenant: I arrived to do a plumbing inspection in the basement of a rental and discovered a new wall with a dead-bolted door. Wires running out of the brand new electrical panel. Doesn’t take a rocket scientist to figure out what is behind door number three. Turns out the four-card medical marijuana grow operation was legal in the eyes of the law- just that they violated their lease in about 33 different places. Theory was easier to ask forgiveness than permission.
Just when you think you have seen it all, you get the Saddest Move by a Tenant: Getting the phone call that someone has committed suicide in one of your properties is not fun.