Thought I'd share a couple of lighter (?) moments about being a Landlord… and would love to hear stories/experiences from other self-managing Landlords
Murphy's Law #1
Your best tenant will get a job transfer during the worst rental market of the decade.Murphy's Law #2
When a tenant attempts to fix the leaky tap himself, expect to not only replace the tap but the entire plumbing system too.Murphy's Law #3
A tenant's uncanny ability to see dirt and damage will be much greater when they move in than when they move out.Murphy's Law #4
When a tenant calls and says "Hi, how's it going?" you know that something is drastically wrongMurphy's Law #5
Proper disposal of bacon grease for a tenant is always down the kitchen sink.Murphy's Law #6
You put the rent up $5 a week and the tenant abandons the property leaving two skips of rubbish behind and a broken window you didn't know about that vandals use to gain access to your property through.Murphy's Law#7 Your landlords insurance doesn't cover you for asbestos related claims. Your tenant develops a lung disorder and sues you. This is when you find out the building contained asbestos.
far out Shales !Youd have to be unlucky!
Did this happen to you?Luke Taylor | Hope Property Investing
http://hopepropertyinvesting.com
Email MeProperty Support,Strategist and Buyers Agent
no, not yet. But we had some fencing that was made out of asbestos sheets. Gave me the willies!!
SThere will be a Murphy's law for tenants too starting with
#1 Tenant signs a lease and moves in, two weeks later agent puts house on the market
#2 Tenant requests several times that the landlord fix the dripping taps. Landlord "forgets" request or simply ignores it so tenant fixes these things himself in an attempt to get the job done and tries to save stingy landlord a few bucks (because he's always whining about how he has no money).
# Tenant aks for dishwasher to be repaired because after all it was working when he/she moved in but landlord says "no, not interested but you can buy one if you like". This also happens with other "inclusions" in the home that the tenant is paying for use of and is included in the tenancy agreement. Tenant, who treats the house like his/her own and is exceptionally diligent about making sure the rent is paid up on time finally gives up and moves out to a better, more workable business arrangement.
Another
# landlord puts house on the market and expects the tenant to be completely flexible when it comes to open inspections and showing potential buyers through, even asking the tenant to vacate the premises during these times to make it easier for the landlord despite the fact that the tenant is still paying market rent but unable to make full use of the house they pay for to call "home".
Landlord puts entire block of units on market to sell for several million $. Has builders, valuers, etc running around the building with tape measures etc for weeks (giving an uneasy feeling to tenants particularly one lot of tenants that only recently moved in)
Real estate agent decides to show the better units to propsective buyers (of which tenant's unit is one as he has recently painted the unit) . Tenant agrees to inspection. Shifty couple with sfa chance of forking out $3m inspect (along with lots of others with no ability to purchase) all traipsing through those units open for inspection (with only 2 agents supervising). Shifty couple (when unsupervised) steal whatever they can from units open for inspection…including money, prescription glasses etc). Agent claims on insurance and reimburses but tenant needs to waste time buying new glasses, replacing missing items.
Ajax, I think you win with that one.
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