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> If the landlords desperately need that rent just to do basic maintenance and repairs, and don't have enough saved to deal with a possible problem that might h
by FillardMillmore 7y ago
> If the landlords desperately need that rent just to do basic maintenance and repairs, and don't have enough saved to deal with a possible problem that might happen in the next month, then they don't deserve to own the property.
I'm not saying you're wrong, but what's the argument for that? On its surface, the proclamation that they 'don't deserve to own their property' seems a little draconian to me. What if a repair is required that was unforeseen and not basic?
- magduf 7y agoThat's what insurance is for, or maybe a loan. If the repair is not basic, then it sounds like it's going to be very costly. If it's very costly, then the tenants missing a month or two of rent is not going to be enough to make a difference on the landlord being able to afford it. After all, the amount of money they should be raking in above the mortgage on the property is not generally going to be a large fraction of the total rent. So if the landlord can't swing a few hundred dollars for an unforeseen repair, then they aren't in sufficient financial shape to be owning and renting out that property, since the landlord (in normal circumstances) is fully responsible for keeping the property in good repair at all times. "I can't afford it" is not a valid excuse for not doing repairs, and the court system agrees with me.