3 ms·
Eviction proceedings suck. It takes at least 6 months and you don't get rent in that time even if you have a slam dunk case. Imagine if you took out a home loan
by legitster 2y ago
Eviction proceedings suck. It takes at least 6 months and you don't get rent in that time even if you have a slam dunk case. Imagine if you took out a home loan to build an ADU and lost the equivalent of half a year of payments on it.
The risk of legal costs are basically passed along in the cost of rent. And bigger corporate landlords are naturally going to have a bigger advantage because they can pool their risks.
The point isn't that there are bad landlords. It's that you are creating a treadmill. The more you add tenant protections, the more costs you add to housing. And the more incentives you give landlords to screen tenants and otherwise behave badly.