The Real Deal Miami

Renters left behind as landlords enter foreclosure

December 17, 2008 04:41PM

As South Florida landlords fall into foreclosure and stop paying their
bills, many tenants are being left on their own to manage apartment
complexes. At the 11-unit Liberty City complex at 1575 NW 69th Street
in Miami, one rental tenant took on the responsibility of collecting water
bill money from the other tenants, and another bought a water cooler
with a hot water tap to replace a broken water heater that the landlord
failed to fix. But in other complexes, such as the one at 6901 NW
Eighth Avenue in Miami, tenants have been told they need to move out
because the building owner has gone into foreclosure.