Dealing with tenants blows!!!
It’s totally true. Well, mostly anyway.
Actually, 80% of my tenants are great.
The other 20% though will make you want to pack up and quit this game.
I’m not just talking about the slow pays either, you have to expect that to some extent.
The one’s that drive me nuts are the one’s that pay slow AND do not care for the house… at all.
My most recent eviction has made me realize that some people just do not care about how they treat you or the property you are allowing them to rent from you. It started out fine and they were the nicest people. Then something happened and they weren’t able to pay on time… then they did not tell me about maintenance issues until it was WAY too late.
Then, once the eviction was over, I got to really dig in and see the damage that they have done. I’m thinking about posting some pics to demonstrate… Look for those sometime next week. Let’s just say, this beautiful home that we almost completely rehabbed 2.5 years ago needs more than a little cleaning. I don’t normally have to rehab my rentals but this one is at least a paint and carpet rehab and likely will be much more.
So, I have really been pondering where I’m going in real estate over the past several years. I’m not planning on straight renting anymore. It does not make sense. I had a hard rule early on that I would not just rent to anyone. I let that slide while the market was soft because I wanted to get things occupied. I’m going back to lease options and land contracts/Seller financing as my main exit strategies.
I’m also looking at alternatives to acquiring properties to hold.
Thursday I’m hosting a webinar to show you an alternative to actually buying the house.
Check it out.
http://RapidReiResults.com/liens
If you are interested in discovering a secret way of making a fortune with
foreclosures…without having to buy or sell the houses?!
Then join me on this weeks training session on how to:
Start making a sizable income in 30 days or less starting with only $1.
Generate thousands per month without using credit, partners, loans or cash
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(Your results will be very different and you might not make a dime… especially if you don’t actually do ANYTHING with this information. Learn it… then USE it.)
Check it out.
http://RapidReiResults.com/liens
