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Reply to "how to be a successful landlord (i.e. right way to choose tenant and avoid problems)"
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[quote=Anonymous][quote=Anonymous]Tenant selection is critical. Read up on horror stories by landlords. The reality is that a tenant can stop paying rent, trash the house, and force you to go through a months-long eviction process just to remove them. You can’t afford to make a bad decision. Do extensive background investigation on tenants and if you have a bad feeling about someone, trust your gut. Never give a reason for rejecting someone. Try to find tenants via word of mouth or other non-public means. For instance, every university has visiting professors each year. If you have a contact at one, tell them you’re renting a house and see if they can find someone in need.[/quote] These people are known as professional tenants by experienced property managers. They figure out how to game the system. Even if the LL wins, you end up with months of lost income and property damage if you are tricked by one of these fools.[/quote]
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