Lifetime ban for Rogue Landlord making $15,092/mo from a 3br

[Account Closed]

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