Jose Chinchilla and Michele Callan said they hear strange noises, and something tugs on their bed sheets. They sued the landlord to get the security deposit back. They called in paranormal researchers, but he landlord countersued saying the tenants just don't want to pay the rent.
The housing market has a new frontier — turning foreclosed homes into rental properties. Some big-time investors are starting to buy up thousands of homes to turn into rentals. That might help shore up home prices. But some housing advocates are nervous.
For decades, most single-family homes available for rent have been owned by mom-and-pop landlords. Sometimes it's the nice old guy up the street who owns a couple of rental homes, and some even offer advice on the Internet.