Educating tenants on financial budgeting.
In the never ending struggle to keep homes occupied, have y'all tried any type of budget counseling? This could be something as simple as passing out some simple literature educating them on how to plan out a monthly budget, how to save and how to spend wisely. I'm thinking about making something like this standard with all new tenant packets they receive upon purchase. I guess it couldn't hurt to try!?
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I have had tenants who are financial losers. I always recommend that they read the book The Total Money Makeover by Dave Ramsey. Most won't put in the effort and remain bottom feeders, but I have had a few actually read the book, thank me, and get their lives in order.