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(Dlisted) Fail Real estate tip: If you rent your $8 million townhouse to Courtney Love, make sure to get a few months security for damages   (dlisted.com) divider line 47
More: Fail, Courtney Love, John Galliano, townhouse, knife fights, West Village, LMFAO, Lindsay Lohan  
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4624 clicks; posted to Entertainment » on 18 Dec 2011 at 7:10 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



47 Comments   (+0 »)
   
 
2011-12-18 07:17:08 AM
And life went on.
 
2011-12-18 07:22:32 AM
If you're paying $27,000/month in rent, I'd expect the right to paint the walls and/or put up wallpaper would be included.
 
2011-12-18 07:33:02 AM
Donna thinks it will take $100,000 and 12 weeks to get the house back to what it looked like before the meth tornado swept in.

Damn girl, tell us how you really feel.

Donna is doing it wrong by going to the courts. If she really wants Courtney out, she just has to throw a RAID fogger through the front door and when that albino human roach comes running out, destroy her by splashing a mixture of Borax and sugar at her. It's that easy.

Oh. Okay.
 
2011-12-18 07:42:59 AM
i43.tinypic.com

Better call Saul.
 
2011-12-18 08:33:44 AM
Real estate tip: If you Don't rent your $8 million townhouse to Courtney Love

FTFS
 
2011-12-18 08:53:30 AM
Bhruic: If you're paying $27,000/month in rent, I'd expect the right to paint the walls and/or put up wallpaper would be included.

A slightly less sensationalistic article with pictures of how it's been "trashed":

Link (new window)
 
2011-12-18 09:41:07 AM
Happy Hours: A slightly less sensationalistic article with pictures of how it's been "trashed":

To be such a scary freak, she has a very traditional taste level. I would live there in a heartbeat if I could stuff her in a closet and forge her checks...
 
2011-12-18 09:50:43 AM
Wild Eyed and Wicked: Happy Hours: A slightly less sensationalistic article with pictures of how it's been "trashed":

To be such a scary freak, she has a very traditional taste level. I would live there in a heartbeat if I could stuff her in a closet and forge her checks...


No need to forge them. Just make sure she has plenty of her happy pills/juice, and put check under her hand saying that they're for autographs for fans. As long as they're signed, you can fill out the amount.
 
2011-12-18 09:57:35 AM
Rented to Courtney Love.

'nuff said.

/she totally killed Kurt
 
2011-12-18 10:09:17 AM
FTFA - "albino human roach"


Comedy gold...............
 
2011-12-18 10:25:13 AM
Rich people's problems...
 
2011-12-18 10:49:25 AM
wingnut396: Rich White people's problems...

FTFY
 
2011-12-18 10:58:03 AM
Her husband did the world a favor by taking the quick way out and removing a whining biatch from our midst, why can't she?
 
2011-12-18 11:17:21 AM
lilplatinum: Her husband did the world a favor by taking the quick way out and removing a whining biatch from our midst, why can't she?

this
 
2011-12-18 11:27:10 AM
WHY WOULD YOU RENT TO COURTNEY LOVE!?!?!?!?!?!?
 
2011-12-18 11:29:28 AM
ComicBookGuy: WHY WOULD YOU RENT TO COURTNEY LOVE!?!?!?!?!?!?

So she can do hundreds of thousands of dollars in improvements to your home?
 
2011-12-18 11:44:12 AM
But if she dies in the house you rented to her wouldn't it become a shrine to Nirvana fans?
 
2011-12-18 11:47:22 AM
If I was married to this biatch I would blow my head off.
 
2011-12-18 11:57:28 AM
Ken VeryBigLiar: But if she dies in the house you rented to her wouldn't it become a shrine to Nirvana fans?

both of them
 
2011-12-18 11:59:23 AM
i'm going to have to side with love on this one. for 27k a month, you should be able to shiat on the walls. non-payment of rent is another thing...
 
2011-12-18 12:14:20 PM
rock star? is that like every girl in porn is a 'porn star'
 
2011-12-18 12:15:35 PM
My grandparents had a renter like this. They didn't understand the concept of that it was a rental and not their. They tore down outbuildings on their farm, removed fences, and put a big hole in the wall to install a wood stove and they ran the flue through it. I'm shocked they didn't burn the house down. One spark and that house would have been history. And the nearest 'fire department' was about 10 miles away, and their 40+ year old fire truck was mostly used for the parade every year.
 
2011-12-18 12:21:19 PM
Snapper Carr: Real estate tip: If you Don't rent your spend $8 million on a farking townhouse to Courtney Love

FTFS
 
2011-12-18 12:32:12 PM
Bhruic: If you're paying $27,000/month in rent, I'd expect the right to paint the walls and/or put up wallpaper would be included.

Just the opposite; the more you pay in rent, the more controlling your landlord is going to be, as the higher the value of the asset, and the more it will take to fix it.

That said, you have to be mentally ill to rent to C Love.
 
2011-12-18 12:34:56 PM
Welcome back,Cokeney. I've missed reading about you.
 
2011-12-18 01:00:46 PM
heard some of the bashing and mewling on teh webs...

found this slideshow Courney Love exclusive photoshoot (linkiepops) of a recent fashion shoot at the "damaged" apartment...

looks like she has a pretty good decorator... doesn't look farked up to me at all...
 
2011-12-18 01:02:21 PM
proteus_b: i'm going to have to side with love on this one. for 27k a month, you should be able to shiat on the walls. non-payment of rent is another thing...

Why? Because 27k is more than you or I would pay to rent something? Keep in mind she's not paying 27k to rent a 3bed 2bath house. This is an *EIGHT MILLION DOLLAR HOME*. Using the same ratio of value to rent - this is exactly like me renting a 250k home for $843 per month.

When you have an 8 million dollar home, it takes more than a quick trip to Lowes to buy some new paint. We're talking about 100k in damages.

Again - that's like me renting a place for $843 per month and causing $3.1k in damages. That's well over three months of rent in damage. And, it's after not paying rent for over two months.

If you really think that's acceptable - I'd love to rent from you.
 
2011-12-18 01:03:06 PM
TheGreatGazoo: My grandparents had a renter like this. They didn't understand the concept of that it was a rental and not their. They tore down outbuildings on their farm, removed fences, and put a big hole in the wall to install a wood stove and they ran the flue through it. I'm shocked they didn't burn the house down. One spark and that house would have been history. And the nearest 'fire department' was about 10 miles away, and their 40+ year old fire truck was mostly used for the parade every year.

My stepfather was a contractor. After he retired, he rented this old house and after a few months he started going stir crazy. He built a covered back deck over one weekend, and the weekend after that, paved the driveway. After several weeks, the owners drove up to see my stepfather about back rent he owed them and they could not find their own house. But they finally managed to find their house and after a talk with my stepfather, convinced him to stop upgrading their rental. They forgave him the back rent because those improvements really looked good, and after my stepfather moved, the owners were able to rent their property for a lot more.
 
2011-12-18 01:08:27 PM
I've been looking at renting vs buying and I noticed that monthly rent is often about 1% of a home's value. A little variation, but pretty straight forward.

So the $27,000 rent would put the property in the $2-$3 million range, not $8 mill.

This is a case where it was better to rent. A quick stab at CNN's mortgage calculator puts the mortgage at at least $53k a month on $8 million at 5%. Plus whatever the term life insurance they required you to buy because that's a lot of money.

Anyone know the address so we could see a realistic property value from Zillow.

/Yes, that's really what I took from this article.
//Not "Don't rent to ex-rockers."
 
2011-12-18 01:10:46 PM
This article was poorly written and exaggerated. It is true she shouldn't have changed the wallpaper and paint, but to be fair it doesn't look bad. She'll end up having to pay her late rent and to get it redone to how the owner wanted it. End of story.

You know the blog is awful when I'm defending Courtney Love. Yuck.
 
2011-12-18 01:21:29 PM
Fark_Guy_Rob: Why? Because 27k is more than you or I would pay to rent something? Keep in mind she's not paying 27k to rent a 3bed 2bath house. This is an *EIGHT MILLION DOLLAR HOME*. Using the same ratio of value to rent - this is exactly like me renting a 250k home for $843 per month.

When you have an 8 million dollar home, it takes more than a quick trip to Lowes to buy some new paint. We're talking about 100k in damages.


The extent of the damages stated by the owner is that the walls were painted an ugly color and wallpapered. Now, this being a meth whore its very possible there is a litany of other damages, but if it is just painting and wallpaper to deal with 100k is pretty steep. Just because its 8 million bucks doesn't mean its huge - my folks apartment in Shanghai is valued at 10 million and is probably like 1600 square feet. This is west village so I'm guessing it ain't palatial..

Oops, i missed the part about the fire - that could have been significant.
 
2011-12-18 01:29:16 PM
ComicBookGuy: WHY WOULD YOU RENT TO COURTNEY LOVE!?!?!?!?!?!?

this
 
2011-12-18 01:53:08 PM
wildcardjack: I've been looking at renting vs buying and I noticed that monthly rent is often about 1% of a home's value. A little variation, but pretty straight forward.

So the $27,000 rent would put the property in the $2-$3 million range, not $8 mill.

This is a case where it was better to rent. A quick stab at CNN's mortgage calculator puts the mortgage at at least $53k a month on $8 million at 5%. Plus whatever the term life insurance they required you to buy because that's a lot of money.

Anyone know the address so we could see a realistic property value from Zillow.

/Yes, that's really what I took from this article.
//Not "Don't rent to ex-rockers."


That's not the case in New York. My parents house which they bought 30 years ago in Brooklyn would rent for about $12,000 a month if you rented the whole thing out but is probably valued at $2.5-3 million. And I've actually looked into buying up buildings to rent out in the neighborhood and found that it never makes financial sense. The mortgage payments are just too high for rent after expenses to cover.
 
2011-12-18 01:54:42 PM
Happy Hours: A slightly less sensationalistic article with pictures of how it's been "trashed":

only thing that i can see will be a real problem is that she painted the moldings that is going to be a biatch to strip and repair
 
2011-12-18 02:12:10 PM
Bhruic: If you're paying $27,000/month in rent, I'd expect the right to paint the walls and/or put up wallpaper would be included.

Common misconception. In most parts of North America landlords are allowed to have clauses in leases denying tenants the right to make any modifications, including painting, regardless of rent paid. There're lots of reasons for this including limiting liability, reducing tenant damage, etc.
 
2011-12-18 02:27:17 PM
Farnn:

That's not the case in New York. My parents house which they bought 30 years ago in Brooklyn would rent for about $12,000 a month if you rented the whole thing out but is probably valued at $2.5-3 million. And I've actually looked into buying up buildings to rent out in the neighborhood and found that it never makes financial sense. The mortgage payments are just too high for rent after expenses to cover.


In most cases I rent places for ~10% of their value. So, if a condo costs me 100K, I'll rent it for $700 to $1000/month (or $8400 to $12,000/yr). Of course this depends on local real estate values, vacancy rates, and (in your case) New York tax laws. Where I live, rental income is considered personal income in most situations, and all expenses associated with the property are tax deductable (including mortgage interest, condo fees, repairs, rent loss). This allows me to use rental properties as huge tax deductions to reduce my personal income while creating equity that won't count as capital gains until the unit sells.
 
2011-12-18 02:58:45 PM
Happy Hours: Bhruic: If you're paying $27,000/month in rent, I'd expect the right to paint the walls and/or put up wallpaper would be included.

A slightly less sensationalistic article with pictures of how it's been "trashed":

Link (new window)



The only thing these "rebuttal" pictures prove is that she still has enough money to hire a cleaning crew, a decorator, and a photographer. I have read accounts of her other apartments/hotel rooms consistantly looking like filthy crack houses, so I'm leaning towards "she trashed the apartment, then tried to cover it up."
 
2011-12-18 03:10:55 PM
wildcardjack:
Anyone know the address so we could see a realistic property value from Zillow.


There's a smaller house on that block being marketed for $13.5 MM, but it's been completely rehabbed in a hipper style than this lady chose, which is kind of Upper East Side for the location. One about the same size sold in January for $2.5 MM but I think it's a gut rehab, complete with shoring up the neighbors' buildings.
 
2011-12-18 04:11:02 PM
Why doesn't Courtney Love own a house? At $27,000 rent, it can't be that hard.
 
2011-12-18 06:03:17 PM
wildcardjack: I've been looking at renting vs buying and I noticed that monthly rent is often about 1% of a home's value. A little variation, but pretty straight forward.

Not true at all. The usual metric used is rent/monthly mortgage. In many places, rent is a great deal more than the monthly mortgage, and those are great places to buy investment properities, except that they're usually places no one wants to live.

Here in Philly the ratio is usually about 1.0, which is considered really good for investing, as you get back what you put in every month.

But in really expensive parts of the country -most of California, New York City, etc- the ratio is .89-.90, which means you don't actually make money on the monthly income, but rather on the hope that the property value will increase quickly. Right now, at the upper end of the market in Manhattan, there's a glut of properties which haven't sold, so there are a lot of rentals listed by people trying to defray their monthly costs.
 
2011-12-18 06:50:09 PM
LoneWolf343: Why doesn't Courtney Love own a house? At $27,000 rent, it can't be that hard.

She has no assets, and liquid cash runs through her fingers like water. She's convinced that she's been screwed out of millions of dollars, but the only one spending her money is her. Great article recently on the subject.

This obsession that's she's being defrauded is so severe that Francis Bean sited it in her suit for emancipation (Francis meanwhile has bought herself a modest house in LA so she has someplace to call home).
 
2011-12-18 08:24:31 PM
www.documentingreality.com
 
2011-12-18 09:01:08 PM
Happy Hours: Bhruic: If you're paying $27,000/month in rent, I'd expect the right to paint the walls and/or put up wallpaper would be included.

A slightly less sensationalistic article with pictures of how it's been "trashed":

Link (new window)


I found a link to the interior designer's photos of the townhouse, pre-Courtney. While Ms. Love's interior decorating style is a lot more refined than I expected, I can see why the owner might be a tad peeved at how much has changed.
 
2011-12-18 09:12:23 PM
StandsWithAFist: I found a link to the interior designer's photos of the townhouse, pre-Courtney. While Ms. Love's interior decorating style is a lot more refined than I expected, I can see why the owner might be a tad peeved at how much has changed.

I like it the way it was; it's more New York townhouse and less fussy, "I desperately want to be English aristocracy!"

To look at this story the other way round: who spends that much time and effort decorating a RENTAL?
 
2011-12-18 10:04:12 PM
wildcardjack: Anyone know the address so we could see a realistic property value from Zillow.

The property (new window)

Been listed over $8 million twice, but the most recent sale was $360k less.
 
2011-12-19 12:37:17 PM
SharkTrager: ComicBookGuy: WHY WOULD YOU RENT TO COURTNEY LOVE!?!?!?!?!?!?

So she can do hundreds of thousands of dollars in improvements to your home?


The place was in Manhattan, not West Virginia!!!

You know, I wonder what the most expensive available property in Manhattan is?
 
2011-12-19 04:07:54 PM
Residential? I think we're talking about the Woolworth mansion at $90 MM: http://www.bhsusa.com/manhattan/upper-east-side/east-80th-street/townh ouse/1207017#

Man, selling cheap crap to poor people has been a way to riches for a while now, hasn't it?
 
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