Liability (by Anne [IL]) Aug 21, 2017 4:08 AM
Liability (by Richard [MI]) Aug 21, 2017 4:22 AM
Liability (by Richard [MI]) Aug 21, 2017 4:25 AM
Liability (by Sisco [MO]) Aug 21, 2017 4:43 AM
Liability (by Vee [OH]) Aug 21, 2017 5:07 AM
Liability (by S i d [MO]) Aug 21, 2017 5:54 AM
Liability (by plenty [MO]) Aug 21, 2017 6:24 AM
Liability (by Lynda [TX]) Aug 21, 2017 9:34 AM
Liability (by Robert J [CA]) Aug 21, 2017 12:05 PM
Liability (by tryan [MA]) Aug 21, 2017 12:07 PM
Liability (by Landlord ofthe Flies [TX]) Aug 21, 2017 12:47 PM
Liability (by oregonwoodsmoke [OR]) Aug 21, 2017 2:02 PM
Liability (by Amy [MO]) Aug 22, 2017 9:40 AM
Liability (by Jan [MO]) Aug 22, 2017 2:02 PM
Liability (by Anne [IL]) Posted on: Aug 21, 2017 4:08 AM Message:
I have a verbal agreement with tenant(personal acquaintance) to keep rent low
with him responsible for upkeep. This agreement has been working fine although every month I have to text him to remind him to pay rent. For the last few months we have been discussing him buying the property from us but he has not acted on it. In the mean time he and his art we have had a baby and all are living in the house. I'm afraid the house may not be fit to live in much less for a baby.
My husband and I are retirement age and don't want to be held liable for any "accidents" that may happen due to any disrepair/age related. We carry rental property insurance but is that enough? --174.221.xxx.xx |
Liability (by Richard [MI]) Posted on: Aug 21, 2017 4:22 AM Message:
I'd recommend that you get your agreement in writing.
If anything should happen, what are the chances the tenant will lie and call you a slumlord? 100 percent?
Also, from experience, tenants that day they will handle repairs rarely do, like less than 1 percent. They will tell you what they think you want to hear and do nothing, then blame you. I've tried everything I could think of to get tenants to cooperate and do what they promised. Nothing works. Do not believe them. Either get the work done and up the rent to market or consider selling. The other option is to become a low end landlord and do nothing until code enforcement makes you. --66.188.xx.xxx |
Liability (by Richard [MI]) Posted on: Aug 21, 2017 4:25 AM Message:
Tenants that say that they will do repairs. --66.188.xx.xxx |
Liability (by Sisco [MO]) Posted on: Aug 21, 2017 4:43 AM Message:
First things first, write your agreement, both parties sign, date and get a copy.
People forget, misunderstand, and twist the truth. A written agreement is a must....however, your written agreement may not be enforceable through Illinois courts if you don't write the agreement in accordance with State code.
Lastly, put the thought out of your mind that you will not be sued. Should there be an injury, you WILL BE SUED. You may, or may not prevail in court, but in either event, you will spend time a money dealing with the issue. --72.172.xxx.xx |
Liability (by Vee [OH]) Posted on: Aug 21, 2017 5:07 AM Message:
Lotsa tenants say they will make repairs but they will be the fabric tape repairs until they retire, and they will want youto pay for materials they -almost- used to fix your place but the sister-in-law needed it first and never replaced it so your place will not get repaired properly if at all, they need to get financed and if your place cannot pass an inspection by the bank or appraiser you will be back at the beginning - trying to find someone to fix it up or rent a slumlord place, not a good cycle to be stuck in - the tenant may call the city who could demand a hotel while the repairs are being made, insurance is for a habitable house which it sounds like you do not have yet, why not let the friend go - get fixed up and reopen for business with a business plan - print your state and local tenant rules so you can have a written lease the court will help you with when that time comes the rent is not being paid on time. --76.188.xxx.xx |
Liability (by S i d [MO]) Posted on: Aug 21, 2017 5:54 AM Message:
I see two courses of action that have a reasonable chance for success:
1) Either the current or a new tenant needs to pay market rent and you contract the repairs out the skilled workers.
2) Only sell the house to someone (tenant or otherwise) who has cash or can get their own loan at the bank. No owner finance. Those deals rarely work, and this guy is already a late payer. I give him 6 months before he has to be evicted for non-payment.
--173.19.xx.xxx |
Liability (by plenty [MO]) Posted on: Aug 21, 2017 6:24 AM Message:
When does the lease end? If month to month just give him notice you are not renewing. Don't give a reason other than the agreement is ending according to the contract. --66.87.xx.xxx |
Liability (by Lynda [TX]) Posted on: Aug 21, 2017 9:34 AM Message:
Anne, You own the property, you must make the repairs--not personally--but you hire it done. As the owner it is YOUR responsibility to ensure the home is livable for all occupants. It will take time, coordination, and money, but it is the right thing to do.
Getting rid of the baby/family, is not the answer. Getting rid of the property via a highly questionable method (owner finance) is not the answer. Make an effort to fix the property to habitable level. You will need to do it anyway if you plan to sell it!
If you and hubby don't want to maintain this property and take the rental money, then sell it to a buyer that has a bank loan and can pay you your full amount at closing. Either way, the home must be brought up to standard.
Sorry, but true. Keep control on your property. Don't try to pass the responsibility onto tenants. THEY will not do it right, if they do it at all.
Reminder of the first 2 rules of LLing:
1) The LL is in charge--the tenant is not in charge!
2) Never rent to family and/or friends --108.87.xx.xxx |
Liability (by Robert J [CA]) Posted on: Aug 21, 2017 12:05 PM Message:
I made the mistake of renting a home to a friends adult with the stipulation they will take care of the landscape (cut the grass once a week) and keep the insides clean -- vacuum carpets and dust twice a month.
Within the first few months the grass was getting taller and the dust was visible through the windows.
Do I got a gardener to mow the lawn and a cleaning women to come in once a month. I have then send the bills to the renter and his parents.
When the bills weren't paid ($40 a month for the gardener and $60 a month for the cleaning lady), I then raised the rent to market, an extra $300 a month.
Soon after they agreed to cover the $100 a month lawn and cleaning service. --47.156.xx.xx |
Liability (by tryan [MA]) Posted on: Aug 21, 2017 12:07 PM Message:
Heard a judge tell a LL he is still liable for a slip even if the tenant agreed to handle snow shoveling .
But this is MA ... your milage may vary. --73.143.xxx.xxx |
Liability (by Landlord ofthe Flies [TX]) Posted on: Aug 21, 2017 12:47 PM Message:
If you fix the house up to standards, and adjust the rent to cover the added expenses, it sounds like your current tenant will not be able to afford the place.
It would probably be easier to evict, then fix, then rent or sell using written contracts.
Consider this friendship lost either now or in the near future. --108.69.xxx.xxx |
Liability (by oregonwoodsmoke [OR]) Posted on: Aug 21, 2017 2:02 PM Message:
I don't give bargain rent to tenants who have to be chased every month for the rent.
You have to nag him to pay the rent and it sounds like repairs and cleaning aren't getting done. It is time to give him notice to vacate and either try again with a different tenant or else sell.
If you can't do repairs, selling is going to be your best option. --72.35.xxx.xx |
Liability (by Amy [MO]) Posted on: Aug 22, 2017 9:40 AM Message:
Costs of babysitting them need to be included.
You've got them depending on your text now. I'd simply say something like, "please put in your calendar the due dates for rent. We are only texting reminders for rent as a COURTESY after rent is due and fees are being applied. Effective August 22, 2017."
You aren't the school teacher here. But even teachers push the student to always try harder.
I'd sell this property. These people don't sound like they are in a position to buy from you. Raise the rent,fix up the home and sell-especially if you don't want to deal with it. --136.32.xxx.xxx |
Liability (by Jan [MO]) Posted on: Aug 22, 2017 2:02 PM Message:
I agree with Lynda 100%. Fixing the house is your job, not tenant's. You can't be a lazy landlord. Find a realtor and get the house on the market. Make sure tenant know it's for sale and that you'll be giving him 30 days' notice once you have a contract. --144.191.xxx.xx |
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