Updated about 11 years ago on . Most recent reply
Landlords who give "Landlords" a bad name.
Thought it would be interesting to know if other landlords have any stories in their area that involve landlords getting in big trouble. Here in Cedar Rapids Bob Miell was at one point the largest private landlord in Cedar Rapids...he owned approximately 80million dollars worth of real estate. The amazing part was his portfolio was made up mostly of single family homes. He owned I believe around 1,000 units in the city and out of that about 400 were sfh. Cedar Rapids is only about 125k in population. I've heard stories from people that the guy was totally weird...
Link below outlines what he got in trouble for.
http://www.justice.gov/usao/ian/news/2010/sep_10/9...
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The landlords in our area that really give landlords a bad name are the ones who say they will and do manage to keep the security deposit no matter what. This really burns me because with our student tenants we have legitimate damages that need to be charged to the tenant. No matter how painstakingly fair you are it comes up that landlords always keep the security deposit and we are gouging the students all the time because we are greedy. It leads to two issues, kids who don't clean up at the end of the lease figuring they won't get the deposit anyway and those kids/parent who complain when legitimate damages are withheld that landlords are just being unfair and things must have been broken in the first place. Just gives landlords in general a bad name.