If you have 3 times, you should now
Author: boored
Category: Investors Insights
examine each case and find a pattern why it has happened so often to you. You will find out some psychological pattern that you may have that made you susceptible to choosing bad tenants. I found the common psychological mindset that will get some landlord into trouble is “Thank God I found a tenant, I wish he is okay and my vacancy will soon be over…”. This mindset is dangerous because it pushes you to relax your renting requirements. Basically, these landlords wanted to get out of this mental uncertainty as quickly as they can. In doing so, it buries the seed of later trouble. Selecting a tenant carefully is very important. Among the top you must see good credit, they may have a bankruptcy in the past, that’s fine, but they better not have ANY late payment records to their credit cards or other accounts. They better don’t have any public records of being sued. They better not have any bad debt being pursued by other debtors. They better have good income and relatively stable job. No single mom or dad, they are troubles. You also need to check eviction records in all the counties that they used to reside…
If you have 3 separate evictions in relatively short time, it may be too many. You need to study your renting behavior to find out why you allowed these people in in the first place. Once you learned from these mistakes, you will have a much better experience in the future. Don’t blame the business, don’t blame the tenants. The only side to blame is self.




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