Chance are if you are a landlord... you take care of your properties. I mean it only makes sense. Properties in good repair make better homes and rent for better values. So it makes sense to have nice properties. I have remained silent on the plight of one notorious Richmond, VA landlord that has been making the local headlines. But there are some lessons to be learned from this guy. So here it is Landlords...a Lesson in Bad Publicity.
This is just a sample of the negative publicity one man received because of his property neglect. His face and the name of his company has been plastered across the evening news, local newspaper and of course the neighborhood BLOGS. Neighbors have staged demonstrations at some of his properties. Some have even used squatters rights laws to clean up the houses.
The lesson here...landlords- please take care of your properties. Only buy the properties if you have the cash reserves in place to fix them if they become vacant. One bad landlord can make a lot of us look really bad ....really fast.