Why are the “Bad Landlords” the ONLY Ones we Ever Hear About?
Posted by Bill Gray on August 10, 2009
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Are all landlords good? No they are not, just as a percentage of tenants are not good tenants. Go to YouTube and search for words such as “tenant, trashed, destroyed, damaged“, etc. and see the horrors some landlords face when a bad tenant destroys their rental unit. As you view these videos, imagine if you had invested thousands of dollars into a rental unit, and this was the result. Make sure you are not eating your dinner when you view these videos.
The 80 – 20 rule is most likely appropriate here. 80% of landlords and tenants are probably responsible people who try hard to do the right thing. Do the math. Assuming that most landlords own or manage many more than one rental unit, how many more “bad” tenants are there, than “bad” landlords. But again, we seldom hear about the bad tenants.
Landlords provide a valuable product and service. They usually borrow money to make an investment, then rent the apartment or home to someone they hope will care for their investment. People love to beat up on landlords. Think for a minute if landlords threw in the towel and got out of the business all together? Where would everyone live?
Here is Michelle’s blog post I referred to:
Why is the business Owner that got Stiffed the “Bad Guy”?
You hear it all the time, bill collectors are harassing customers that don’t pay.
You see it all the time, websites and news programs that help people use the law to “sneak out” of paying a bill they legitimately owe.
What does this say about small and large businesses everywhere?
That they are the bad guy if they try to collect the money that is owed to them for services rendered or products shipped?
Why are they the bad guy?
Isn’t the “bad guy” the guy who is trying to get out of paying?
Email me your questions concerning tenant debt. I will try to help you.