Owning rental property places tremendous financial costs and ethical concerns for landlords, when a renter uses their property as a meth lab. Landlords, like private property owners who unknowingly bought former meth lab homes, are being victimized by by America’s meth lab problem and the lack of protection that is being awarded to private property owners.
“I stumbled across your website while doing research because I own a home where my tenants were discovered making meth. As a property owner, I am now stuck with exorbitant bills of decontaminating the home, repairing the home, legal fess to evict these tenants, and legal fees to sue them for the damage they have done to my property. I am unable to acquire insurance for my property because it is now deemed such a high risk. In addition, once the clean-up is done and repairs are made the home will actually be better than when I lived in it, but how will I ever be able to sell it?
I don’t want to rent it anymore because I don’t want to deal with this situation ever again. I intend to sell all of my rental properties after this has happened to me. But if the notice stays with the deed forever, who will ever agree to buy my home? Even with proof that I have made the investment in clean-up and repairs??? I certainly wouldn’t buy a property with that kind of history. And in this housing market? I’ll be lucky to sell it for half of what it was worth!
Your website does a great service in cautioning and informing renters and prospective home buyers. It would be great to have more information for victimized landlords. I would never ever allow someone to live in my rental home without it being thoroughly and properly decontaminated and repaired. I very seriously had to consider foreclosure and/or bankruptcy because of what my tenants did to my property, thank God it didn’t come to that. But it has been a nightmare as a landlord and property owner.
As I said, even with clean-up, testing, and repairs paid for, what is a property owner to do about the bottom-of-the-barrell value of their property??? I feel as if the victimization is on-going. Of course I am thankful that none of my loved-ones have had any health issues and that our problem is only financial. However, the burden on honest and good landlords who are also victims in this crime should not be overlooked or discounted.
Discouraged in TN
*****For more information about how meth labs are impacting landlords, you can search this website by putting “landlords” in the search box located at the top right hand side of this page.