Landlord Land Mines

Lately, I’ve come across some pretty disturbing questions regarding landlords who rent out their properties even after defaulting on their mortgages and getting a notice of default in the mail. The tenants, who usually do not find out until the trustee’s sale is announced, continue to pay the rent to the landlords.

This makes me sick. While there is no law against this that I know of, the behavior of the landlords is despicable to say the least. How easy would it be to just send the tenants a letter saying the mortgage is in default and they need to start looking for another property? If they continue to stay, their time there is limited and they should continue to pay the rent until they leave.

I wonder if it is this behavior on the part of the landlords that make tenants think stealing things like light fixtures on the way out or just skipping out on a lease is okay.

Tags: Rent Collection by Purva Brown
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Yay! We have a review:

“As a real estate investor herself, Purva and her husband, James, went through their share of landlord horror stories. Landlord Land Mines is the book Purva wished they’d had when had when they were getting started. Landlord Land Mines is written both from her own experience and from the experience of many other landlords who she interviewed for the book.

“Forget the theory and the spreadsheets — Landlord Land Mines puts together decades of collective experience and stories from real investors, who teach you what you need to know and what you need to avoid.”

This one was written by John Lockwood on his writing blog.

Tags: E-Book by Purva Brown
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