Leasing and Rent of Houses

Anyone who has rented houses will tell you that they are a good judge of character and have some great tenants, but most will admit after more questioning that they do, in fact, have a few horror stories to their credit; The tenants of hell if you will. With all the laws protecting tenants, it is widely known that if a tenant does not pay and causes legal action, you may not be able to get rid of them, in the meantime, they can destroy your property and cost you thousands of dollars in repairs just to bring the property back to work to rent it out again.

It is important to have a good formula and do proper background checks. It may not be possible to search for people with perfect credit, but the closer you get, the better. Do some landlords report that those who are late on their cell phone bills are actually the best tenants who pay on time? Perhaps this is because they always pay their rent before their other bills. Well, that’s certainly good to know, isn’t it?

Owning lots of houses, all with great tenants, is a wonderful way to pay for real estate until one day you sell it. But even if he owns 10 or more houses that he rents, a couple of defaults can ruin all his plans and end up costing him a lot of money in repairs, court costs and lost property income. The moral of the story choose your tenants like you would choose a spouse. Consider all this in 2006.

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