- This topic has 3 replies, 4 voices, and was last updated 12 years, 5 months ago by equalizer.
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October 14, 2011 at 6:09 AM #19199October 14, 2011 at 7:11 AM #730649CoronitaParticipant
Damages to your home: you are.
Loss/damage to renter’s belongings: he/she is.You are the owner of the home, so you are responsible for the repair, unless you can prove the tenant caused the damage (in this case it’s a burglary, which I am assuming was not done by your tenant)…
If your tenant had any property stolen or damaged, his/her renter’s insurance is responsible. Hopefully, you demanded your tenant to get renter’s insurance as a condition prior to moving in.
October 16, 2011 at 11:14 PM #730806NotCrankyParticipantWhat kind of burglar breaks in a front door? I think it is rare. Ask for the police report first of all. If there is none, give consideration to the possibility that the tenant or an associate kicked the door in.
October 19, 2011 at 8:30 PM #730986equalizerParticipantUsually the person with the assets is the one that gets to lose the asset. Always carry massive umbrella policies and hire a PI to conduct full background check.
There was a story last week in the WSJ about asset forfeiture of a hotel because the police had made about 100 arrests in the hotel over decade, so they charged the hotel for being a conduit for the drug trade even though the owner was never charged. Since assets don’t have any constitutional rights, don’t expect the law enforcement friendly conservative SCOTUS to help out.
Some people in HOA wanted to give gift baskets to new homeowners in the neighborhood, but HOA said we may get sued if there is a problem with the basket. There was a lady who was having problems moving her car at gas station so my buddy got in her car and moved it. His friends said you should never talk to strangers, they could have sued you for a dozen reasons.
What is the take away? Don’t rent to strangers (especially not relatives), stay scared straight, never give gifts, don’t loan tools or cars to people. I guess this is the true American spirit.
“Federal Asset Seizures Rise, Netting Innocent With Guilty”
http://online.wsj.com/article/SB10001424053111903480904576512253265073870.html -
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