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I have seem to come off as the total dick in this thread and so be it. When it comes to being a landlord you get highly sinical from dealing with so many people who actually look for ways to screw you.
It is easy being on the rentors side of the fence. The laws are weighed in your favor, there are organizations and authors who make millions a year explaining to people on how to screw your landlord.
On my side what I have is some property that say is worth 200,000.00 and I will let someone who possibly has little to no respect for what it cost me use this property with a 1000.00 deposit, a credit check, and some paperwork. In case your doing the math that would be .05% security. Anyone out there wish to let me borrow that from you with those terms? By the way you can not descrimate, if I am qualified you must give it to me.
A lease is a contract between the parties envolved and it most importantly controlls your rents for a given period of time, often renewable at a fixed rate.
Now if I flip that scenerio and a couple months in to it property values skyrocket and rents around the city raise on average 50% and shows promise of raising at a rate of 15-25% a year there after. Now you the renter has no desire to move, and there is jack shit I can legally do to raise your rents on that lets say 4 year lease you signed with an option to renew for another 4 at no more than a 15% increase. As you can see in that sample it is very easy for a lessor to get royally screwed as well.
I am a good landlord, a fair landlord, and a very prepared one. I will work with people if they have issues that are reasonable and helpfull to both of us. Though like it or not, this is a business and I run it as one. I am 12.5 to .5 in every case that has been to court and I have collected on average 85% of every dime. Had one case where a given judge felt my damages were not as costly as listed, which I quickly fixed with a pre-listed costs page that is now included in the rental documents.
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