Rent signs filling front yards

Why don't the stupid idiots who run the banks just collect the rent from the tenant instead of making them move out - in this depressed market these bank owned homes are not going to be sold anytime soon - the banks could hire a property management service to collect the rents and do any necessary maintenance - at the least the bank would be getting some money and the houses wouldn't sit empty, resulting in neighborhood blight.

I am, as many should be, wary of house rentals. Do a -little- research to see if the house was purchased at the top of the bubble. Do a sex-offender search for the area. Make sure you know your renter rights, and make sure that you understand that if the "investor" decides to go into foreclosure that you basically lose all renter rights. You will be evicted, sometimes with 30 days notice on the door. Just because you pay rent, doesn't mean the guy has to pay the mortgage with it.

Also, note that rents are generally too high per income right now also. Many open spaces that are for "rent" seem to be mortgage payments. They are insane. I would walk away! Even if I wanted to live in a "house" (sometimes called the emotional "home") I will not be spending 30% or more on what I currently pay on rent to do so.

I have posted a way to help protect your self if your going to rent on the propery tax disscussion topic.

besides looking for dilinquent property tax of the home you are going to rent.most landlords will accept 1/2 of the deposit and the rest in payments .Ask for that option-put less at risk.Back in the 1990 people were entering vacant homes that were still mantained and rented them out to to people ,though they were not the owner.

Hmmmm. So, during the bubble there were few vacant homes the demand outstripped the available supply. Then the bubble pops and now there are lots of vacant houses begging for occupants. Why -whether owners or renters, where did all the occupants go?? There aren't all that many more homeless on the streets. Did the population shrink?

If you look at how many cars thier are in the street on the lawn and anywhere you can fit one.They are mostly being double up per residence.

Alfalfa wrote:

Hmmmm. So, during the bubble there were few vacant homes the demand outstripped the available supply. Then the bubble pops and now there are lots of vacant houses begging for occupants. Why -whether owners or renters, where did all the occupants go?? There aren't all that many more homeless on the streets. Did the population shrink?