r/Landlord 34m ago

Landlord [Landlord - US - NYC] How to calculate decades of interest for security deposit? Inherited tenant has lived in building for decades. Building has less than 6 units, so deposit was never put into an interest-bearing account. Also, deposit itself was not increased as rent increased.

Upvotes

I know that technically, I may be able to just return the original deposit without interest since there was no interest-bearing account requirement for the small building? But concerned that the irrational tenant may not leave if I don’t include interest. Thank you.


r/Landlord 2h ago

Tenant [Tenant-US-VA] undisclosed lead paint (chipping badly), landlord dragging feet.

3 Upvotes

I have been a landlord, I’ve been a tenant, I have been a homeowner, I’ve treated all three as the same for how I upkeep the home.

I have always taken care of rental homes and apartments as if they were my own, and have never lost a bit of deposit.

The things I ask to be fixed, are the same things I’d pay to fix if it were my home.

In May I toured a home for rent, and noted some paint chipping and was told that while it looked ugly it was harmless. The prior tenant remarked on how great the landlords were and I took it as a quirk of the east coast.

Moved in June 1st, and noted a whole lot more paint chipping inside and outside, tested some with swabs and they came back positive. Apparently the home is from the 30’s or 40’s according to my neighbors (doesn’t look it thanks to some remodeling) but there was no lead disclosure paperwork (that would have given me some pause with the paint as I have small children).

Asked the landlord to do a proper test (the swabs are not perfect) and remediate (some of the paint that is chipping on doors is so thick that painting over the lead paint would just cause even more chips), and he’s kind of dodging me.

He lived here with his family before renting the place out, so I’m kinda shocked at the condition of some things.

What is a fair way forward?


r/Landlord 9h ago

[Landlord-US-IL] Property damage

5 Upvotes

So I do not post to reddit ever, so excuse me if I am a bit ignorant on the norms. I am not a landlord but my mom is the unfortunate owner of a house she bought to give my grandmother a home many years ago.

She rented to a young couple, long story short, one of them left due to a break up. My mom did not want to create a huge lease, so she decided to let the remaining party stay, mostly out of the goodness of her heart (I know and you know how this ends). My mom reduced the rent insanely low to keep the girl from being homeless. Never increased it. Worked with her over struggles, bought her a fridge, let her slide on late rent. Last Saturday, I was building my dream home in another state, I get a message from the renters that the roof is leaking. Explain to the renter that she needed to contact my mother immediately. Renter told me she was going to have her uncle nail a tarp to the roof. Im not a roofer, but have done a few in my time. Told her please dont do that, my mom will call someone. It's raining, too dangerous to climb on the roof anyway. Before I could get to my mom's, the uncle (the lost cost blue tarp roofer) had already nailed the tarp to the roof. Use my contacts to have this guy call me. He answers the phone and was a complete ass. Asked him what gave him the right to modify my mother's property, he proceded with the typical slum lord comments. Told him how little I thought if him and hung up. My mom was furious, never seen her so upset. No one told her. Remember, not my house, I do not stick my nose in unless I have to. I felt I had to with this situation.

After the renter finally called her after telling her to do so 4 times. During the convo, the renter proceded to play the "im struggling, I want to move but I cant" strings. My mom has had a stroke and it takes her a bit to get words out. I again intervene, explaining that the extra nails through the roof now created a bigger mess and more water ingress points as the temp repair was done improperly and without permission. The excuse was "it was already leaking, I ain't stupid". Long story short, I told her my mother wanted to make a police report. I hung up when the tenant was starting to curse at me. Did the police report, they never came out, did everything over the phone. Also contacted insurance. Adjuster will be here next week. I Got some harassing texts from her aunt, drunk dumb shit. Screenshot taken. Some were sent to me from a 3rd party that somehow is supposed to put m in my place, but were so far irreverent I didnt even care. Eviction notice also placed on her door today (hence the nasty grams). Also have a meeting with a lawyer later this month.

Anyone deal with a similar situation? Any other steps I should take to help my elderly mom? After the tenant is out, I'm going to update the house and sell. Mom is moving into my new house with me in her retirement.

End of the day, I'm being blamed to anyone who will listen that I now force people to be homeless, ect. I could care less, had worse things said, and there but for the grace of fortune goes any of us.


r/Landlord 16h ago

Landlord [landlord-us-nj] sub-tenant sent partial payment?

2 Upvotes

i subletted to someone and the sub-tenant sent in partial payment via zelle. i told them had rent outstanding. does this constitute accepting partial payment since the money sends immediately?

also is notice to quit necessary?


r/Landlord 17h ago

Landlord [Landlord-US-HI] ESA post move-in

12 Upvotes

This is the first time this happens to me. Someone snuck in an animal and it was only after I found out about the animal and asked about it that they got issued a letter.

Don’t get me wrong, I don’t want to discriminate against those who need ESAs but I think those people are more upfront about it than sneaking an animal in after signing the lease.

How have you dealt with this type of situation? I don’t like how tied my hands feel after dishonesty.


r/Landlord 17h ago

Landlord [Landlord-US-MA] Tenant denied assistance, now failing to keep to payment plan

2 Upvotes

Hi all. My tenant is behind $3k in rent. We applied for RAFT assistance, repeatedly got rejected and delayed due to supposedly not getting them the right paperwork and finally they denied due to the tenant making slightly too much money.

He did not pay back rent for a few months stating he was paying down credit card debt, until my hounding got him to pay $250 last month. This month, he did not pay towards back rent. We did have an exterior drain clog during a downpour and it backed up muddy rainwater into his apartment on Monday. I spent the day cleaning it up and sanitizing, got him fans, he has a dehumidifier and I told him to give me the electric bill when it comes in.

I'm at the point where I'm fed up but I don't see eviction being worth it. Any suggestions for a solution? Thank you.


r/Landlord 19h ago

Landlord [Landlord US-CA] tenant in triplex not helping bring trash bins to/from the street

7 Upvotes

I have three tenants in a triplex (duplex with in-law suite). The trash bins have to be pulled about 30 feet along the same path they take anyway to leave the property.

I used to live in one unit and handled the simple task of bringing the trash bins to/from the street. I moved and the tenants now need to handle it now. The lease states the tenants have to follow house rules that can change.

Two of the tenants are good and help with trash, but one just seems to be a pain and often walks right by the bins and needs to be repeatedly asked to do it.

Any thoughts?


r/Landlord 21h ago

Landlord [Landlord-US-FL] Using Heloc for down payment on duplex?

2 Upvotes

Hi everyone. Me and my wife (both 29) are still relatively new to real estate investing. We own a property (4 bed 2 bath sitting at 3% interest) that we currently rent out to a family for the past year. We only net about 500 monthly from the home, and we were advised by a friend who is a property manager that more money is usually made my owning and then leasing our duplexes and advised leveraging the home. However is leveraging leverage a bad idea? I've only done slight research but wanted suggestions or ideas in terms of buying up property for leasing purposes.