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  • June 7, 2008 at 8:29 PM #12980
    Tone
    Participant

    Thanks to the good folks at Piggington, I sold my house a year ago (for nearly three times what I bought it for) and I’ve been renting, waiting for a good time to buy another house. The current lease on the house I’m renting is just about up and I’m looking for a rental in a better neighborhood.

    What I’m finding is that a good many of the rental properties with steady, long-time owners are generally shabby on the inside, while a good many of the rentals that were bought within the last few years have granite counters, air conditioning, and various other upgrades. Most likely alot of these upgrades were probably paid for via HELOC and there’s a real good chance the owner has been stretched a little thin financially with an adjustable mortgage.

    I was wondering if any of you all have had experience renting a house that was bought during the past housing mania. I realize there are horror stories about renters paying rent to an owner who pockets the money and lets the house fall into foreclosure, but I wonder just how common that is. And if it does happen, what kind of rights do I have as a renter? Is it worth the hassle to heed the siren call of granite counters and copper plumbing?

    Any scenarios or advice would greatly be appreciated.

    June 8, 2008 at 12:35 AM #219257
    SD Realtor
    Participant

    Tone it absolutely does happen more then you would think. Be careful. A very easy step you can take is to post the address on here and I can check the tax roll to see if there are any notices of default to give you a little sense of whether the owner has been lagging on payments.

    Also you can check the county tax assessor to make sure the owner is paying property taxes.

    As far as finding a newer home, I would say it all depends on where you are looking.

    SD Realtor

    June 8, 2008 at 12:35 AM #219350
    SD Realtor
    Participant

    Tone it absolutely does happen more then you would think. Be careful. A very easy step you can take is to post the address on here and I can check the tax roll to see if there are any notices of default to give you a little sense of whether the owner has been lagging on payments.

    Also you can check the county tax assessor to make sure the owner is paying property taxes.

    As far as finding a newer home, I would say it all depends on where you are looking.

    SD Realtor

    June 8, 2008 at 12:35 AM #219369
    SD Realtor
    Participant

    Tone it absolutely does happen more then you would think. Be careful. A very easy step you can take is to post the address on here and I can check the tax roll to see if there are any notices of default to give you a little sense of whether the owner has been lagging on payments.

    Also you can check the county tax assessor to make sure the owner is paying property taxes.

    As far as finding a newer home, I would say it all depends on where you are looking.

    SD Realtor

    June 8, 2008 at 12:35 AM #219417
    SD Realtor
    Participant

    Tone it absolutely does happen more then you would think. Be careful. A very easy step you can take is to post the address on here and I can check the tax roll to see if there are any notices of default to give you a little sense of whether the owner has been lagging on payments.

    Also you can check the county tax assessor to make sure the owner is paying property taxes.

    As far as finding a newer home, I would say it all depends on where you are looking.

    SD Realtor

    June 8, 2008 at 12:35 AM #219397
    SD Realtor
    Participant

    Tone it absolutely does happen more then you would think. Be careful. A very easy step you can take is to post the address on here and I can check the tax roll to see if there are any notices of default to give you a little sense of whether the owner has been lagging on payments.

    Also you can check the county tax assessor to make sure the owner is paying property taxes.

    As far as finding a newer home, I would say it all depends on where you are looking.

    SD Realtor

    June 8, 2008 at 1:06 AM #219267
    Anonymous
    Guest

    Hi, Tone. It happened to me. My landlord was pocketing my money and not paying the mortgage. I left then moved into a nice, new condo/apartment with plenty of upgrades to wait out the bottom. I don’t have to worry about landlords like my previous one. I am extremely happy. Be careful.

    June 8, 2008 at 1:06 AM #219360
    Anonymous
    Guest

    Hi, Tone. It happened to me. My landlord was pocketing my money and not paying the mortgage. I left then moved into a nice, new condo/apartment with plenty of upgrades to wait out the bottom. I don’t have to worry about landlords like my previous one. I am extremely happy. Be careful.

    June 8, 2008 at 1:06 AM #219427
    Anonymous
    Guest

    Hi, Tone. It happened to me. My landlord was pocketing my money and not paying the mortgage. I left then moved into a nice, new condo/apartment with plenty of upgrades to wait out the bottom. I don’t have to worry about landlords like my previous one. I am extremely happy. Be careful.

    June 8, 2008 at 1:06 AM #219379
    Anonymous
    Guest

    Hi, Tone. It happened to me. My landlord was pocketing my money and not paying the mortgage. I left then moved into a nice, new condo/apartment with plenty of upgrades to wait out the bottom. I don’t have to worry about landlords like my previous one. I am extremely happy. Be careful.

    June 8, 2008 at 1:06 AM #219408
    Anonymous
    Guest

    Hi, Tone. It happened to me. My landlord was pocketing my money and not paying the mortgage. I left then moved into a nice, new condo/apartment with plenty of upgrades to wait out the bottom. I don’t have to worry about landlords like my previous one. I am extremely happy. Be careful.

    June 8, 2008 at 7:44 AM #219457
    Tone
    Participant

    Thanks for the replies Marion and SD Realtor.

    SD Realtor – I really appreciate your offer of looking up an address. I’d love to take you up on it, but I’m actually looking in the greater Long Beach (LA County) area. That’s kinda’ out of your area, isn’t it? But still, many thanks.

    Marion – Glad to hear about your condo/apartment. Actually, I’m a bit envious as my wife and I would love to get into a newer apartment but we have a big, lovable, senior labrador retriever we have to accommodate. In fact, alotta’ places won’t even consider renting to us because of him. He’s my buddy but he’s the last dog we’re ever going to have.

    June 8, 2008 at 7:44 AM #219429
    Tone
    Participant

    Thanks for the replies Marion and SD Realtor.

    SD Realtor – I really appreciate your offer of looking up an address. I’d love to take you up on it, but I’m actually looking in the greater Long Beach (LA County) area. That’s kinda’ out of your area, isn’t it? But still, many thanks.

    Marion – Glad to hear about your condo/apartment. Actually, I’m a bit envious as my wife and I would love to get into a newer apartment but we have a big, lovable, senior labrador retriever we have to accommodate. In fact, alotta’ places won’t even consider renting to us because of him. He’s my buddy but he’s the last dog we’re ever going to have.

    June 8, 2008 at 7:44 AM #219478
    Tone
    Participant

    Thanks for the replies Marion and SD Realtor.

    SD Realtor – I really appreciate your offer of looking up an address. I’d love to take you up on it, but I’m actually looking in the greater Long Beach (LA County) area. That’s kinda’ out of your area, isn’t it? But still, many thanks.

    Marion – Glad to hear about your condo/apartment. Actually, I’m a bit envious as my wife and I would love to get into a newer apartment but we have a big, lovable, senior labrador retriever we have to accommodate. In fact, alotta’ places won’t even consider renting to us because of him. He’s my buddy but he’s the last dog we’re ever going to have.

    June 8, 2008 at 7:44 AM #219410
    Tone
    Participant

    Thanks for the replies Marion and SD Realtor.

    SD Realtor – I really appreciate your offer of looking up an address. I’d love to take you up on it, but I’m actually looking in the greater Long Beach (LA County) area. That’s kinda’ out of your area, isn’t it? But still, many thanks.

    Marion – Glad to hear about your condo/apartment. Actually, I’m a bit envious as my wife and I would love to get into a newer apartment but we have a big, lovable, senior labrador retriever we have to accommodate. In fact, alotta’ places won’t even consider renting to us because of him. He’s my buddy but he’s the last dog we’re ever going to have.

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