So you are left with barely positive cash flowing (or negative cash flowing) home in the worst neighborhoods with no protection from «professional tenants» or
nightmare tenants who don't pay rent but you can not evict easily.
Not exact matches
Amid a perfect storm of investor - owned units, powerful condo boards and
tenants who have limited powers to fight back, a democratic living ideal is rapidly turning into a dictatorial
nightmare for condo - dwellers.
The author, Catherine Jheon, recounted the «
nightmare» renovation she and her husband undertook, sinking hundreds of thousands dollars into a «crack house» purchased almost on impulse, with seemingly little to no concern for the low - income
tenants who were evicted in the process.
This is actually partly due to the
nightmare stories landlords have heard (or read about) dealing with
tenant who will pay for the first month of rent, then refuse to pay rent for the rest of the time they are legally allowed to be in that apartment.
For those
who live in urban apartment buildings, one of the most disturbing
nightmares is to be unknowingly spied upon by a neighbor, be it through a small crack in the closet (think of Roman Polanski's The
Tenant) or a hole in the ceiling.
There are some
tenants who become a landlord's worst
nightmare.
Just like landlords fear renting to
nightmare tenants,
tenants are oftentimes worried about renting from a landlord
who is tough to work with.
I have been finding the best deals lately are primarily due to poorly maintained buildings, buildings with
tenant issues, and being sold by utterly incompetent agents
who make seeing the building and making an offer a
nightmare.