User 319909

Fannie Mae Should Steer Clear of Renting Homes

1) They could simply have the leases become month-to-month oral leases
2) Past due rent accrued with the new landlord can be colleccted by property managers
3) Evictions will be handled by the banks/lenders, as they are now.
4) The banks are already obligated to keep up maintenance, usually this done by property managers/realtors.
5) Tenants can be evicted by the banks/lenders, as they are now.
6) The value of the property with tenants in already will be evaluated in the same way they are now, realtors are starting to realize there is a big market for rental units with tenants in good standing
7) If a renter damages the landlord's property, they can be taken to small claims court
8) How does having a lease allow "professional renters" to game the system? This is not a subsidy, just a creation of a lease with obligations for both sides. The con artists have a field day when the banks evict tenants wholesale from the properties, because they come by making demands on the tenants or even collecting "rent."