Updated about 9 years ago on . Most recent reply
Lifetime ban for Rogue Landlord making $15,092/mo from a 3br
Ok. This is a story from London, England but I couldn't help chuckling at it.
Key points:
- Location: Barking, London, England
- 2 story, 3 bedroom house
- 11 tenants
- Each paying £1,100.00/mo (British Pounds) or $1,372.00/mo (USD)
- Landlord swimming in £12,100.00/mo (British Pounds) or $15,092.00/mo (USD)
- That is $181,104/yr on ONE 3 bedroom house if he got away with it for that long
- Neighbors complain
- British version of Code Enforcement respond
- Landlord caught
- Fined £427.00 or $532.00
- Landlord banned from renting out properties in the borough for life
Story here: http://bit.ly/2f06DBD