Anyone who has rented a home will tell you that he is a good judge of character and that he has some great tenants, but most will admit upon questioning that he does indeed have some horror stories under his belt; The tenants of hell, so to speak. With all the laws, protecting tenants, it is well known that if a tenant does not pay and causes legal action, they may not be able to get rid of them, in the meantime, they can destroy your property, costing you thousands of dollars. in repairs, simply to bring The property is put into operation again to rent it again.
It is important to have a good formula and to do a proper background check. It may not be possible to search for people with perfect credit, but the closer you get, the better. Some landlords report that those with late payments on their cell phone bills are actually the best tenants who pay on time. Perhaps this is because they always pay the rent before the rest of the bills. Well, it’s certainly nice to know, isn’t it?
Owning many houses, all with excellent tenants, is a wonderful way to pay for real estate until one day you sell it. But even if you own 10 or more houses that you rent, a couple of unpaid payments can ruin all your plans and end up costing you a lot of money in repairs, court costs, and loss of property income. Moral of the story, choose your tenants as your spouse. Consider all of this in 2006.
