He wrecked his credit and it needs work on the roof, kitchen and bathroom. 490 is what my boss estimates its at, and he's been doing this for 10 years so I know his guess is accurate.

Gone through 2 divorces that wrecked my real estate portfolio.

. - (The property is not a wreck).

(Mary gave John a Quit claim deed, but it was never filed by John) John is killed in a car wreck, but never updated his will.Then you come up and buy the property from Bob and Mary, close and you have the same exclusions on your title policy as to issues not shown of public record.Three years later Mary passes away and her son inherits all.

If he defaults on his lease, leaves your place a wreck @ move-out, or he is just a problem tenant, you will have to evict him and/or file a law suit to collect for damages.

So, if your flooring is older than three years and you try to charge a tenant anything, it will get thrown out.I had one tenant wreck carpets in a couple of rooms some years back, before I heard about the three year guideline.

He said he was tired of crappy tenants not paying and wrecking the place on the way out.

I know the guys working Colony here (WRI), and they are terribly overwhelmed and throwing people in places that wreck them and move out owing money in a few months.

If you can verify this with a call to previous ownership then...Call police file report and send a nasty gram to wreck her credit stating she owes your company 4k to purchase furnace she toke.

When the tenant finally left (after I filed for eviction), the house was an absolute wreck.