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That's what insurance is for. And the court system so you can get the tenant to pay back damages. Either that, or filter your tenants a little better. Disclaim
by zo1 12y ago
That's what insurance is for. And the court system so you can get the tenant to pay back damages. Either that, or filter your tenants a little better.
Disclaimer: I know people that got burned by "tenants", and they're resolving it just fine through the legal system.
- toomuchtodo 12y agoDisclaimer: I, and others I know, have been burned by tenants as well. We attempted to resolve it through the legal system. If the tenants have no assets, and no income (which they did have at time of lease execution), you have little to no recourse. A judgement against a stone is useless.
- deleted 12y ago[deleted]
- larrys 12y agoDid your property insurance cover the damage? I've had damage happen and my insurance, less dedictible, covered the damage from paint spilled on carpeting. (Got all new carpeting as a result).
- zo1 12y ago"If the tenants have no assets, and no income" Well, a little bit of luck/intuition is required on that one prior to accepting them as tenant. Because, by the time you're trying to get what you're owed from them, it's too late. Also, another way around that (depending on your local laws) is to have an upfront 2/3 month deposit. That should more than cover any unpaid bills/damage/rent that you would be out. Not only that, but it filters out all the tenants that are unable to steadily pay for rent.