3 ms·
It's over the top for sure, but if I knew someone charging rent to people when those properties were flooded out I would completely cut them off from my social
by manyxcxi 9y ago
It's over the top for sure, but if I knew someone charging rent to people when those properties were flooded out I would completely cut them off from my social circles- legal or not, they're crappy people and worse at business.
Here's why you shouldn't have to be charging those renters: you have the appropriate insurances in place, and the appropriate amount of cash in the bank to cover a couple months of float. If you don't have those things, then you're just doing it wrong and you're trying to get SOMEONE ELSE to cover your own mistakes.
Anecdote: I was 25 and had my first rental house. Neighbors house burned to the ground, doing a bit of damage to mine and causing a ton of smoke damage. It was tight the first month, second month was fine, third month I had more cash than if nothing had happened at all- I actually came out ahead.
- thrownaway954 9y agoGood for you! Now please don't mistaken your string of success as the norm for everyone else. You never know if someone started out with "couple months of float" and then circumstances (like a spouse getting cancer) wiped that out. Don't look down on someone without fully understand the circumstances surrounding their situation.
- manyxcxi 9y agoEven if bad luck happened to coincide, charging people rent for an uninhabitable domicile is unconscionable in my book. You can have bad luck and still be a good person. And if you're truly running it as a business, you should be mostly covered by insurance. I believe someone who would charge rent in this situation is immoral and uncharitable. They've sent clear signals that either they value money over people, they don't care to help others when they can, and/or they're selfish. I want no part of that person.