Tenant Screening/Sex Offender
Just went into a recently vacated unit and found a "sex offender" letter on the fridge notifying my tenants that a sex offender just moved in to the 4-plex next to mine. Was this the reason my tenants moved? Who knows, but it wouldn't surprise me.
Not only will this impact this investors 4-plex and his existing tenants, but it negatively effects everyone around this building. This investor was either short sided and wanted to take the quick cash or did not screen the tenant at all. Tenant screening is so crucial in the success of REI. If you don't have the tools to do it, partner with someone or a PM that can handle that aspect of your property. It could save you literally thousands by avoiding the wrong tenant.