Is this Illegal?: Can you have tenants pay to fix problems that they cause in all states?
I just finished reading Robert Shemin's Book "21 mistakes that real estate investors make" and in it, it had a section where he talked about writing out a contract for his tenants that makes them responsibile for paying for problems they cause like plumbing or things they broke.
I was thinking about going this route because that's the biggest complaint or fear that people have when it comes to renting.
I was wondering if this was legal in all states and what were you're thoughts on having tenants pay for the wear and tear they cause?
Where can people find out more about state or new federal laws and policies regarding real estate?