Real Estate Profits And Losses: Tenants Don't Have Money, But They Have All New Electronics. Scenario 40.
The Money Kings are keepin' it real, baby!!!
For your consideration: Real Estate Profits And Losses: Tenants Don't Have Money, But They Have All New Electronics. Scenario 40.
So, if you’re new to land lording, here’s something for you to get used to: Your tenants don’t have money for their bills or their rent, but then you go over to their place and you see they have a new stereo or a new computer.
WTF is up with this?!!
This is a part of land lording life. You are the very last priority for them to pay up.
What can you do about it? Zip. Well, not really zip, you can try screen people out. You can try to do the research. Make sure you have a great rental app that gives you numbers to call for other people that your prospects are supposed to pay. Make lots of inquires!!!
At the end of the day, however, the attitude of most tenants is that they only live once and they want what they want when they want it and most of what they want has zero to do with you or your residence—so why shouldn’t they get the new iPhone as soon as it’s released.
Think about it. What the heck would you do? You might be screwed.
Good luck out there.
Keywords: landlord, tenant, money, toys, electronics, no, rent
If you liked this post, please consider subscribing to our RSS feed.
Or you can have new posts emailed to you by subscribing by email.
Digg
StumbleUpon
This is merely a reflection
This is merely a reflection of our society as a whole, and the things we value; and by things, I mean stuff. No one feels sorry for their landlord. Even if you're a nazi about collecting rent, when you kick someone out, you still don't have that check in your hands, which is what it's all about. It's kind of a catch 22.
WTF is correct! Nothing like
WTF is correct!
Nothing like Pizza boxes and Big Screen TV's w/ a Disability check income to mark a great tenant. Thats why when you have a good tenant you need to do your best to keep them happy.
Rick Vaughn's last blog post: The World's Worst Credit Card
Post new comment