Comments on: Getting Tenants in Tough Times http://www.biggerpockets.com/renewsblog/2009/11/17/tenants-tough-times/ Learn, Network, Invest Sat, 11 Feb 2012 16:57:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Real Estate Investing Links for November 18, 2009http://www.biggerpockets.com/renewsblog/2009/11/17/tenants-tough-times/#comment-75429 Real Estate Investing Links for November 18, 2009 Wed, 18 Nov 2009 10:10:45 +0000 http://www.biggerpockets.com/renewsblog/?p=8657#comment-75429 [...] Getting Tenants in Tough Times [...] [...] Getting Tenants in Tough Times [...]

]]> By: Justin Piercehttp://www.biggerpockets.com/renewsblog/2009/11/17/tenants-tough-times/#comment-75410 Justin Pierce Tue, 17 Nov 2009 19:51:47 +0000 http://www.biggerpockets.com/renewsblog/?p=8657#comment-75410 Good article. You're right about credit flexibility. There are two kinds of bad credit. There are people who overpaid for a house and have a foreclosure which probably put them behind on all their debt, or some other one-time event. This is pretty evident when you see their credit. The other type is a person who has dedicated their life to obtaining debt and then not paying their bills. I will happily work with the first person. If at all possible avoid the latter.Good points... good article. Good article. You’re right about credit flexibility. There are two kinds of bad credit. There are people who overpaid for a house and have a foreclosure which probably put them behind on all their debt, or some other one-time event. This is pretty evident when you see their credit. The other type is a person who has dedicated their life to obtaining debt and then not paying their bills. I will happily work with the first person. If at all possible avoid the latter.

Good points… good article.

]]> By: Aaron Norrishttp://www.biggerpockets.com/renewsblog/2009/11/17/tenants-tough-times/#comment-75404 Aaron Norris Tue, 17 Nov 2009 17:36:46 +0000 http://www.biggerpockets.com/renewsblog/?p=8657#comment-75404 Great article. thanks Great article. thanks

]]> By: Tony Senahttp://www.biggerpockets.com/renewsblog/2009/11/17/tenants-tough-times/#comment-75399 Tony Sena Tue, 17 Nov 2009 15:15:36 +0000 http://www.biggerpockets.com/renewsblog/?p=8657#comment-75399 This biggest factor I am seeing in this market right now is when you find potential tenants they want to negotiate everything. Not only the terms of the lease but the condition of the property. I have had tenants request the house be completely painted and brand new appliances be installed even though the paint was in good condition and the appliances were only a few years old in great condition. So when you find a tenant be prepared for negotiations. This biggest factor I am seeing in this market right now is when you find potential tenants they want to negotiate everything. Not only the terms of the lease but the condition of the property. I have had tenants request the house be completely painted and brand new appliances be installed even though the paint was in good condition and the appliances were only a few years old in great condition. So when you find a tenant be prepared for negotiations.

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