Guest Grace Posted September 23, 2016 Report Share Posted September 23, 2016 My boss evicted a tenant over $ 500 today. He rented to this tenant many years back at a rent that covered the operating expenses of the property. Taxes, insurance, and water and maintenance and repairs have increased at a rate faster than rents can be raised, especially taxes. So, he was being squeezed. This is his living. He can't break even. He has to make a profit to live. Years ago, he could have accepted the $ 500 short payment. This time he refused and proceeded with the Orderly Removal, because he can rent to a new tenant at $ 400 higher rent. The tenant's rent was $ 900 for a 3 bedroom. He can rent it to a new tenant for $ 1300. Taxes are the largest expense. Property owners aren't the only ones getting hurt. Tenants are too. Quote Link to comment Share on other sites More sharing options...
Guest Erik Posted September 23, 2016 Report Share Posted September 23, 2016 Its time for a new mayor! Quote Link to comment Share on other sites More sharing options...
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