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For your consideration: Real Estate Profits And Losses: Mystery Tenants. Scenario 41.

Here’s something to look out for with your land lording empire:

What are mystery tenants?

1. The brother of the person you said could live in your place 3 weeks ago that just doesn’t have anywhere to go since he got evicted from his place.
2. The mother-in-law that chain smokes and is dying of emphysema, and doesn’t do anything all day, but look like a lawsuit waiting to happen.
3. The a$$hole son of the lady that’s been renting from you successfully for 2 years.
4. The parents of the guy you let in last week, but now since his parent’s place burned down they gotta live over at your place for “a while.”

Depending on your municipality, you might not be able to do jack shtt about these mystery guests. In one regard, the mystery tenants can be a blessing as they increase the likelihood that you’ll get paid by sheer fact of more money coming into you place. The reality, however, is that most mystery tenants are living with your legitimate tenants because of some foul up on their part.

In short, mystery tenants are scrubs. They’re scrubs and they probably didn’t qualify to rent your place at the onset, but now they’re stuck with you, because of association.

Have fun with it. The mystery tenants drag your land lording business over to the craps table every time. You don’t know what’s going to happen!

Good luck out there.

Keywords: landlord, tenant, money, mystery, no, rent, deadbeats