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[quote=Anonymous]We own and rent a number of properties in DC and never have had any significant problems. However, the PP's are correct - the DC laws heavily favor the tenant and you cannot go into any situation blindly (which, frankly, is sound advice for any investment anyone is making…). It is not impossible, though, to understand all of the rules and regulations - it's all available online through the DC government website. You must get a BBL and keep it up to date. There is an inspection required in the beginning, but it is easy and shouldn't be a problem if your property is in good shape and up to code. Also read the particular laws regarding your particular situation - apartment, house, condo, etc.

Totally agree with the PP that the key is to screen your tenants - credit checks and recommendations. Also, know your DC landlord/tenant laws. People who are saying that it is impossible to deal with tenants in DC obviously are not reading and understanding all of the laws and rules in place. As long as you know exactly what you are getting into and follow these rules it can be a great investment. We have 12 properties in DC and have been renting for over 15 years. In this time we have only had 1 bad tenant and, to be honest, she wasn't that bad - just young and a bit irresponsible. However, she always paid her rent each month - just late sometimes and had a few other issues with losing keys and some noise complaints. Nothing that wasn't easy to handle and we went from there. No longer renting to her and have all great tenants at this time!
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