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by jhonof 454 days ago
I (and most of the people I know), have had the opposite experience as you. Essentially everyone I know has moved into corp landlord situations because the downside risk is a lot lower and there is a paper trail if you need to dispute anything. I have like a 50% hit rate on mom and pop landlords being awful, I can give three examples off the top of my head:

1. New landlords bought a place I was living in and wanted to do in their words "minor upgrades to the house", but during the construction they would "keep it livable" and not require me to move. I came back after work one day to my water being off (and a toilet removed), and they didn't turn it on for two weeks after that (and kept the toilet removed). I had to get a lawyer involved for rent reimbursement.

2. My water heater broke and flooded my house in the middle of the night. The landlord took 1 month to start fixing the completely flooded apartment, and then the landlord tried for a year (threatened legal action as a bluff) to get me to pay for the new water heater despite it being their property, and maintenance being in the lease as their problem. I obv never paid because it was basically just a shakedown.

3. My landlord tried to just not pay me a month of rent owed after they sold the property with me living in it. He called me several times trying to "make a deal", and I told him that it was a cost associated with him selling the house and that I would not leave until he paid me the month owed. He waited until literally the last possible day to pay me and yelled at me on the phone that I was being unfair despite it just being money he owed me.

Every corp landlord I have had has been by the book. Yes my rent has gone up marginally, but at least there is a paper trail and they do not try to do any of the crazy stuff I just described.

That being said, I did have one mom/pop landlord who built me a deck with a bike locker over the course of a summer once, that guy was great.

1 comments

I think all we are learning from this thread is that there is a non-trivial number of tenants who are terrible and there is a non-trivial number of landlords who are terrible. The activity of renting a home is fraught with risk that your counterparty is terrible. The two parties' financial interests are often opposed, and state and local law tends to incentivize at least one and sometimes both parties towards being terrible.

I would never want to be a renter again, and I also have no interest in becoming a landlord.