Wednesday, August 26, 2020

Eviction protection is a slippery slope for everyone: Both Renters and Landlords

Here's the thing. If you evict someone they might be moving out onto the streets or into their car (if they have one).

Then the other side of this is that often older people have rental properties and the income of those rental properties keeps them alive. So, if they let someone move in on word of mouth references with no signed agreements it could cost them everything if they were paying the mortgages on that rental property with the money from the rent of the renters.

So, it isn't just the rent not being paid it is also retired people's lives completely where if rent isn't paid they might lose their property completely. However, some rental places have forms that they have people fill out and make them earn a certain amount of money (usually at least 3 times what the rent is.) or they cannot rent a place there. At least it's like this in California a lot. So, when they move in they have to prove that their income is at least three times the rent of whatever place they are renting. This gives the landlord or property management corporation more ways to never get into a position where people cannot pay their rent. This actually protects both the renter and the landlord or property manager and owner in most situations.

No comments:

Post a Comment