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Real Estate
Reply to "how to be a successful landlord (i.e. right way to choose tenant and avoid problems)"
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[quote=Anonymous]Make sure the lease specifies that drain clogs and garbage disposal jams are paid by the tenant (because they are always caused by the tenant). Retire the tenant to keep the yard maintained, or to allow you to send a landscaper regularly. Avoid roommates if you can -- they will become a never-ending cycle of chasing rent payments, people cycling through the house and absolutely zero cleaning. Avoid tenants whose parents come with them to see the place. You are legally allowed to refuse to rent to tenants who need mommy and daddy to cosign to qualify. I agree with not renting to lawyers -- they will send back any standard lease form marked up with ridiculous changes. But they are hard to avoid in DC. Make regular, announced in advance visits to the place to change air filters, check the furnace, whatever. You need to see inside more than once a year. I once visited and found two twin mattresses laid out on the living room floor, along with personal effects piled up on the window sills. The two roommates who rented the place (a 2BR/2BA TH) had decided to lower their costs by adding two more roommates. That lasted exactly a day. [/quote]
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