Comments on: Landlording Tip: Screen Your Tenants http://www.biggerpockets.com/renewsblog/2006/11/21/landlording-tip-screen-your-tenants/ Learn, Network, Invest Tue, 07 Oct 2008 06:51:20 +0000 http://wordpress.org/?v=2.6.1 By: Sundaris http://www.biggerpockets.com/renewsblog/2006/11/21/landlording-tip-screen-your-tenants/#comment-57332 Sundaris Tue, 10 Jun 2008 15:35:01 +0000 http://www.biggerpockets.com/renewsblog/2006/11/21/landlording-tip-screen-your-tenants/#comment-57332 If you end up with having a wrong tenant, not only your house would be in ruins but also your health. The pressure tension and stress that comes along is inexplicable. You end up in spending huge sums of money with wrong tenant. I am telling all this out of the practical experience that I had a few years back. Make sure that his financial capability is really good before entering into the agreement. If you end up with having a wrong tenant, not only your house would be in ruins but also your health. The pressure tension and stress that comes along is inexplicable. You end up in spending huge sums of money with wrong tenant. I am telling all this out of the practical experience that I had a few years back. Make sure that his financial capability is really good before entering into the agreement.

]]> By: tenant evictions http://www.biggerpockets.com/renewsblog/2006/11/21/landlording-tip-screen-your-tenants/#comment-53816 tenant evictions Sun, 20 Jan 2008 15:45:57 +0000 http://www.biggerpockets.com/renewsblog/2006/11/21/landlording-tip-screen-your-tenants/#comment-53816 I'm a small portfolio landlord from UK. I've had a few problem tenants but i'm now slowly learning to not be so lenient on them and to take action as soon as they are late. they always hae some excuse and they don't make any effort to pay you. they could for instance sell half the stuff in the house. take on extra jobs etc. etc. i agree that tenant screening is very important, we can't afford to cut corners there. I’m a small portfolio landlord from UK.
I’ve had a few problem tenants but i’m now slowly learning to not be so lenient on them and to take action as soon as they are late.

they always hae some excuse and they don’t make any effort to pay you. they could for instance sell half the stuff in the house. take on extra jobs etc. etc.

i agree that tenant screening is very important, we can’t afford to cut corners there.

]]> By: fatbear http://www.biggerpockets.com/renewsblog/2006/11/21/landlording-tip-screen-your-tenants/#comment-12077 fatbear Wed, 22 Nov 2006 17:52:21 +0000 http://www.biggerpockets.com/renewsblog/2006/11/21/landlording-tip-screen-your-tenants/#comment-12077 One other point. I'm the MGP of a 50+ unit Section 8 (only) bldg, for which we have professional management. Every prospective tenant (and others the tenant wishes to live in the unit) takes a drug test, and we have the right to request a re-test on each renewal. A positive result means no lease, or no renewal - no exceptions. I cannot overemphasize the importance of this. (Check the rules/laws in your location before you insitute these tests.) One other point. I’m the MGP of a 50+ unit Section 8 (only) bldg, for which we have professional management.

Every prospective tenant (and others the tenant wishes to live in the unit) takes a drug test, and we have the right to request a re-test on each renewal. A positive result means no lease, or no renewal - no exceptions. I cannot overemphasize the importance of this. (Check the rules/laws in your location before you insitute these tests.)

]]> By: Teresa Boardman http://www.biggerpockets.com/renewsblog/2006/11/21/landlording-tip-screen-your-tenants/#comment-12035 Teresa Boardman Wed, 22 Nov 2006 12:42:58 +0000 http://www.biggerpockets.com/renewsblog/2006/11/21/landlording-tip-screen-your-tenants/#comment-12035 wow! This picture is why people are sometimes afraid to invest in rental property. I have a friend who owns several and is selling in favor of vacant land and office condos. wow! This picture is why people are sometimes afraid to invest in rental property. I have a friend who owns several and is selling in favor of vacant land and office condos.

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