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Why? Because nobody loves a landlord!
Here's first paragraph of a story in my morning newspaper
"A huge marijuana garden of 212 plants nurtured by an intricate irrigation and lighting system worth ten of thousands of dollars was uncovered inside a West Valley rental house Saturday."
The house was vacant except for cash crop and I can't help but wonder if growers were getting government farm subsidy payments?
The home has an out-of-state owner. Some poor investor who thought he would cash in on fast-rising Arizona home values.
Here's kicker. That investor could be held responsible, because he did not properly supervise use of property! Many areas have such laws.
Why? Because nobody loves a landlord!
This should be a reminder to all of us that a rental house or unit is not a set-it-and-forget-it investment. Every good lease or rental agreement has an inspection clause that allows landlord or his representative to periodically enter and take a look at condition of premises.
Are you doing that? You should be, because...
Nobody loves a landlord!
About The Author: Mark Walters is a third generation real estate investor who shares his experience from his Web pages: http://www.lease-option-sub2.com http://www.CashFlowInstitute.com