This particular tenant has actually kind of been a problem renter throughout his long stay. I had not realized I kept him for so long, but financial struggles have kept me preoccupied. I never realized until now how much money I have lost from not even increasing the rent by 1% annually. My property is past due on upgrades and renovations by at least 30-40 years. I never had the money to replace the roof which is now over 40 years old! I dont qualify for a loan or even a credit card due to my current "income to debt ratio."
I have had to go the cheap route with warning letters on this renter from attorneys to get him to pay rent on time and could never afford an attorney to evict him. According to Florida Law since Im registered as an "LLC" I cant evict a renter myself. This renter has recently violated the lease with an unauthorized roommate which would cost me more to evict and most recently threatened if I raise the rent at all "he and the next door tenant will move, but he will fight it I am most certain! My worst fear is that if the law does not allow me to evict this guy I may be forced to self evict regardless of the consequences.
I am only a landlord due to the reality that I have never been able to get a better paying job than 30k annually here in Florida and my life is a struggle fiancially. The tenant next to this guy told me he has no problem with a rent increase.