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For someone renting out a single home, I think it’s the risk of a bad tenant much more than the basic calculations — as GP said, there’s really nothing you can
by setr 5y ago
For someone renting out a single home, I think it’s the risk of a bad tenant much more than the basic calculations — as GP said, there’s really nothing you can do about it.
I personally know a case of a misbehaving tenant not paying rent beyond the first two months pre-payment, submitted a fraudulent check for the first actual payment, had neighbor complaints endlessly with repeat HoA fines (fines given to owner, of course) — and 1.5 years to evict..
It also turned out he had started subletting it out for the same rent that he himself wasn’t paying.
That kind of thing can get you into a deep hole pretty quickly, and there’s not even much filtering you can do ahead of time, even with third party verification
- scruple 5y agoLike another commenter mentioned, you'd real think that in the interest of addressing the housing shortage that there be some better solutions for these problems on both ends of the spectrum.