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December 21, 2004

A landlord's horror story...oh my!

I've taken an interest in real estate with the purchase my home. Trying to get up to speed on this landlord business, I read something today that made me cringe.

I picked this story up at the New York Times. It's about this scumbag tenant that reminds you of the character in Pacific Heights.

Basically, a widow used some insurance money to invest in real estate in New York. Instead of using a broker, she rented it herself and failed to uncover some 'issues' with her current tenant.

Long story short - he hasn't paid his rent and is using every legal recourse in the book to continue living for free. This is absolutely proposterous.

It also made me cringe. Hopefully, NC laws provide the Lessor better recourse...

http://www.nytimes.com/2004/12/19/realestate/19Assets.html

Posted by pgraber at December 21, 2004 04:11 PM


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