Being Nice Bites! My First Rental Income Fail!

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Recently, my fiancé and I decided that the 2 bedroom apartment we had been living in for 3 years was getting a bit cramped. So, we decided to upgrade. Soon, we found what seemed to be an awesome house to rent.

The House

The house we chose to rent was a single family 4 bedroom house. Granted, the rooms were small and the yard wasn’t exactly what I expected; but the house was in our price range and it could be our little home. The only problem is, the house wasn’t what we expected!

When we walked through the house, the neighborhood was quiet and everything seemed great. No, everything seemed better than great. Unfortunately the neighborhood changed quite a bit at nigh time. Soon, as the sun fell, the hookers and drug dealers would start to populate the street in front of and for blocks around my house. I felt uncomfortable leaving.

So, the best option would be to move right? Wrong! We just signed the lease. It was a 13 month lease and the fee to break it was astronomical. Especially because we had to pay a percentage of the remaining lease and we were only on night one!

The Solution

A friend of mine introduced me to a seemingly nice lady. She had been dealt a crappy hand in life, but who hasn’t. When we first talked she was going through struggles that made me feel bad for her. She needed a place to live, but because of poor credit and renter’s history, she couldn’t even qualify for efficiency.

So, the solution was simple. I would sub-lease the house to her. She would pay the rent, and slowly repay my security deposit over several months and I’d have the opportunity to move into a new house. One that I would research and be sure was in a better neighborhood.

Within 3 days, we were out of the hooker ridden neighborhood and into a beautiful new house in a beautiful new neighborhood. We still live here and love it, but we’re currently walking on egg shells.

More Back Story

We found out about the house that we currently live in because it’s the lady who rented the other house’s mom owns this one. She made the connection with her mom and we made a deal that allowed us to move quickly without much down.

Here’s Where It Goes Bad

After a month and a half, I still hadn’t received enough to even cover the first month’s rent on the old house. I quickly put together the reason the lady couldn’t qualify for a house elsewhere. Soon, I started getting calls from the rental agency that originally rented me the house. Naturally, I hadn’t been paid rent and simply couldn’t afford to pay double. So, I let the other house go unpaid.

A few days ago, I received a call saying that if I didn’t turn in the keys that day, they would start to process an eviction…Great! Just what I needed! So, I contacted the tenant and was told that they would be out by the next day. I called the leasing company and told them that they would have the keys the next day.

Well, that day came and went and the tenants didn’t leave the house. At this point, I had to threaten them to get them to start packing. Here we are 3 days later and they finally started to move out. To get the process going faster, I decided I’d help them move their things to the front yard where they could pick them up with a truck. I did this because I had to get the keys to the leasing company as quickly as possible.

As soon as I walked into the house, I was met with crazy screaming and yelling. As I looked around, I realized why. There where cigarette butts all over the carpets with burns to match. As I continued looking I started to notice methamphetamine pipes and torches! My tenants turned the house into a drug house. Even worse, they were threatening to call Mom and have me evicted from my new house as they yelled obscenities through the house that people in 3 neighborhoods down could hear.

Awkward Moment

At this point, I thought it would be best to leave and come back the next day. I don’t want to risk an eviction, but who knows what people can do when they’re high on meth! Then the awkward moment came. The moment when I had to call my landlord to let them know that their daughter is on drugs and refuses to leave another house I rent!

The first good news in the story starts here… My landlord already knew about the drug issue and informed me that what they say holds no ground when it comes to my lease. At least I know I still have a house to rent!

Final Thoughts

In the beginning, I thought that we were doing each other a favor, but that wasn’t the case. Don’t worry, I’ve learned my lesson. I will never sub-lease a house to anyone that I don’t already know at least on a friendship level. I like to be nice, but if nice comes with consequences, it’s not worth it!

Fun Reads from Awesome Bloggers!

Ultimate Side Hustles, Become A Millionaire – The No Nonsense Landlord talks about personal experiences with side hustles. It’s definitely a must read if your a side hustle maniac like me!

How To Enjoy Life Without Going Broke – In this post Michelle from Making Sense of Cents talks about great ways to have a good time in life without spending a ton!

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Hey, Im Joshua, the founder of CNA Finance. I enjoy following the trends in the market and finding the catalysts that are making the moves. If you want to get in contact with me, leave a comment below or email me at CNAFinanceHelp@gmail.com Please keep in mind that I am not an investment advisor and nor is CNA Finance. This is a news and information gathering outlet. We may work directly with some of the companies that we write about. If we have a business relationship with an issuer, we will mention that in the articles. We also have various affiliate relationships with advertisers and may be paid if you sign up for a service that you were referred to through our website.

16 COMMENTS

  1. That is one crazy story! I’m sorry you had to go through all of that. This is partially why I went a little crazy researching areas to live in when we moved. At least you found a way out of the first house. It’s too bad the tenant’s mom didn’t warn you about her though.

    • Hey E.M. thanks for swinging by and the kind words. I’m actually a little happy I went through this and it all worked out. It definitely could have been a lot worse! I don’t know if I could have expected a warning. If my daughter was a druggie, I’m not sure that I would want to tell anyone until I absolutely had to! Thanks again.

    • It was a bit stressful. I’m still waiting on the bill for damages. I’m sure that it’s going to cost more than the deposit to fix the place back up. It’s amazing what people can do in a couple months when they don’t care about the house they live in!

  2. No good deed goes unpunished….

    Hopefully this lesson won’t be one that is too expensive or one that is repeated. People who are users of others have a gift for finding those tender-hearted souls with hearts of gold. They feed you their sad sad sad sad tales of woe woe woe. You being Mr. Nice Guy decide to you can help by footing her deposits and rent (’cause she’s gonna pay you when she can)……..

    I used to be you. I used to be generous to a fault. Come to me with your problems and I’ll throw money at them for you. Until the money ran out and I was the one in need one day…….

    I learned finally after several bricks in the head…..
    “If the bank won’t loan you money, why should I?”
    Repeat it and SHOUT it out loud!!!

    Fits all sizes and good for all occasions!!
    Let that be your new mantra while you are paying this girls bills…….

    • It really is a shame that helping people tends to lead to being taken advantage of. I wouldn’t say I wouldn’t help anyone else, but I can definitely say I won’t loan money to anyone or put my credit on the line anymore….ahhh that felt good to say! Thanks for your comment!

  3. Thanks for the shout out on my site! I added you to my favorite blogs.

    Bad renters are a dime a dozen. Subleasing is a bad policy.

    You may have actually gotten lucky. A more solid landlord would have started the eviction process within two weeks of unpaid rent. Then, used the damage deposit to cover as much rent as they could, and sued you for any remaining damages. You have a job, you will pay. Or get garnished…

    I have had people crying about they need a place to live, I don’t care.

    I have evicted a woman with stage 4 terminal cancer, my mortgage company won’t let me slide, I can’t let her slide.

    If you would have read my site sooner, you would me money ahead.

    • I wish I came across your site sooner! By the way, it’s really great! Thanks for adding me to your favorite sties, I really appreciate that.

      I know this situation could have been worse and I’m glad it isn’t as I’ve still got plenty to deal with as a result. Anyway, thanks for stopping by! I’ll see ya soon!

  4. Oh man, that’s a rough story. I always fear the worst with renting, I couldn’t imagine having to deal with that. I’m glad you didn’t have to pay too much for damages on that one, chalk that one up as learning a lesson the hard way.

    • Definitely a lesson learned the hard way. You know, the leasing agency was really cool. They didn’t charge me anything over the deposit even though I know the damages amounted to more. So, It worked out!

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