Landlord’s Nightmare
For a landlord, there is no scarier movie than Pacific Heights. While it’s a ficitional account of a tenant from Hell in San Francisco, with the tenant-friendly anti-landlord bias in California laws, it could very well happen. In fact, we had such a psycho tenant (Bill Widger) on our ranch in Castro Valley, CA who used that movie as a guide of how to push us to the limit.
We have been so gun-shy from that experience that we have resisted all offers by people to rent any of our property here in the Ozarks. It is supposedly easier to evict problem tenants in Arkansas; but we still don’t feel comfortable enough taking that risk.
What brought this back to my memory was this story from New York where the owner of a house thought he had evicted a problem tenant. However, the tenant had sold the house and pocketed $30,000 from the new occupants while the real owner was away on a business trip. Scary.
KMK
Tax Guru - Ker$tetter Letter 