don't know how to choose a tenant

jasoutside

Supreme Mariner
Joined
Dec 20, 2009
Messages
13,269
Re: don't know how to choose a tenant

When I had my rentals, I would rent day to day in the contract.

I could kick you out with no legal fuss in 1 day. There was no 30 day notice needed.

I also used a realtor to weed out all the riffraff.

Well now that's interesting, never heard of that method.

Huh. I suppose if it's day to day they could always leave when they want to as well. I'd guess that would be tough on the budget when that happens at any given random day, eh?
 

Summer Fun

Banned
Joined
Mar 2, 2002
Messages
2,251
Re: don't know how to choose a tenant

I only had one problem doing it that way.

I rather lose one month rent than 3 to 6 months rent trying to get them out.
 

ezmobee

Supreme Mariner
Joined
Mar 26, 2007
Messages
23,767
Re: don't know how to choose a tenant

I suppose if it's day to day they could always leave when they want to as well.

They can leave when they want to anyway. As long as they didn't trash the place, I highly doubt you, or most other private landlords would spend the money to pursue legal action.
 

Summer Fun

Banned
Joined
Mar 2, 2002
Messages
2,251
Re: don't know how to choose a tenant

Yep ezmobee , Spending $300 for a lawyer to get $550 just isn't worth it.
 

jasoutside

Supreme Mariner
Joined
Dec 20, 2009
Messages
13,269
Re: don't know how to choose a tenant

They can leave when they want to anyway. As long as they didn't trash the place, I highly doubt you, or most other private landlords would spend the money to pursue legal action.

Yah but when it's in writing and they have 8 months left on the lease (to the tune of over 10K - example) yup, I'll chase that down for a few hundred bux.
 

Summer Fun

Banned
Joined
Mar 2, 2002
Messages
2,251
Re: don't know how to choose a tenant

Chasing a judgement down and COLLECTING from a deadbeat is a losing battle.

That's why a day to day contract is better than a lease. :)

If you don't have the rent by the 3rd YOU are/could be out of there on the 4th.
 

jasoutside

Supreme Mariner
Joined
Dec 20, 2009
Messages
13,269
Re: don't know how to choose a tenant

I don't think that would work in my situation(s). Interesting to think about though.

I've had really great experiences over the past 12 years of doing the landlord thing. Only one bad apple in the whole bunch (sublease problem which I never allow) - the rest have all been awesome. I'd account the success to a fair amount of work on the front end, before the papers are even signed.
 

62 ROYAL SCOTT

Petty Officer 1st Class
Joined
May 29, 2011
Messages
280
Re: don't know how to choose a tenant

HELL-O , I think first come ,first served. If they meet your requirment .Next
 

aspeck

Moderator
Staff member
Joined
May 29, 2003
Messages
19,100
Re: don't know how to choose a tenant

You know, I have NEVER made a tenant sign a lease ... at least not yet. Up to this point I have always said, if I can't trust you on a handshake, you have no business living in one of my properties. I have 7 rentals that I, or my family, have owned since about 1970. In those 42 years, this is the first time I have had a deadbeat not pay and had to evict. Then the damages and stolen furnishings! UUUUGGGGHHHHH! However, I am not sure I will change, because I still feel that if I can't trust them, they don't belong in my properties ... call me old school.
 

nwcove

Admiral
Joined
May 16, 2011
Messages
6,293
Re: don't know how to choose a tenant

just an example , as im not a landlord, but a new family moved to my area ( small quiet coastal villiage), within one month, there was a home invasion, and five other breakins in this quiet community, , that landlord was in a panic to get rid of this tenant, so she gave a new landlord a good reference on these people. they moved , but only about a half mile, the move was last saturday, and by sunday there was another breakin, and vandalism in the "new" area.
my point is....dont listen to the last landlord, they could be just moving along a problem and willing to say what you want to hear.
 

scoutabout

Lieutenant Commander
Joined
Oct 14, 2006
Messages
1,568
Re: don't know how to choose a tenant

....dont listen to the last landlord, they could be just moving along a problem and willing to say what you want to hear.

As someone who has to live next door to renters let me be a voice for the owners in the neighbourhood and thank those among you landlords who take care to choose responsible tenants.

We live in a townhouse complex and when the place next door (with whom we share a front lawn) sold we were looking forward to meeting the new neighbours and basically welcoming them to the street, etc., etc. Next thing we know we discover it's become an investment property for some couple living in the next town over.

The tenants when they arrive turn out to inconsiderate idiots, parking their cars on the lawn, wrecking the grass, and damaging the trees. This, because they can't be bothered to jockey three cars in a single driveway made for two. Surely when they looked at the place someone did the difficult math and realized there was a parking issue?

The owner of the place has never shown the consideration to give me his contact information in case I need to get in touch (as in, "hey - your idiot tenants just turned half of the lawn into a barren, rutted wasteland and are in the process of destroying valuable trees...where do I mail the landscaping bill..."). When the tenants finally coughed it up themselves (after a pleasant chat wherein I tried not to use the word dumb***** more than would be neighbourly...) the owner seems intent on ingnoring any attempts at communication.

Yes, real estate can be a good investment vehicle - please remember that there are usually people living on either side that consider their investment a home and must actually live with whomever you choose...

(Actually - we can be good allies, spying on....er...I mean keeping an eye on your place and reporting dumb behaviour to you before it costs you much money).

Good luck with your decision. Rant over!:)
 

aspeck

Moderator
Staff member
Joined
May 29, 2003
Messages
19,100
Re: don't know how to choose a tenant

Yes, real estate can be a good investment vehicle - please remember that there are usually people living on either side that consider their investment a home and must actually live with whomever you choose...

(Actually - we can be good allies, spying on....er...I mean keeping an eye on your place and reporting dumb behaviour to you before it costs you much money).

Good luck with your decision. Rant over!:)
Excellent point, and one I remind my tenants when they move in and if I learn of any problem. The neighbors of my rentals are my best friends ... We work together to protect our properties.
 

scoutabout

Lieutenant Commander
Joined
Oct 14, 2006
Messages
1,568
Re: don't know how to choose a tenant

Excellent point, and one I remind my tenants when they move in and if I learn of any problem. The neighbors of my rentals are my best friends ... We work together to protect our properties.

That's an awesome approach, aspeck - I wish you owned the house next to ours!
 

Cheetah 210es

Petty Officer 1st Class
Joined
Dec 4, 2011
Messages
270
Re: don't know how to choose a tenant

We're going through a similar thing. Evicted druggies from one with loss off $ + damages. (still making it habitable)
Another whose having it tough but late who has until today before we start eviction. (used to pay on time every month)
And another who owes $, we went to file against him and was told he has an outstanding for almost $4k dating back to 2007 so even if we did file we would have to wait until that is paid off first.
But we do have 2 (older retired and older semi retired) who pay on time every month and do a lot of stuff themselves. I wish we could find another 3 like them.
 

coastalrichard

Lieutenant
Joined
Apr 6, 2009
Messages
1,255
Re: don't know how to choose a tenant

Cheetah, I can't say for sure about TN, but in FL you have two courses of action available. One is to file a certified copy of your judgement in the County(s) where you think they may own real property. If they do own property titled in the same names as shown on your judgement, your lien will attach to it. Another, farther-reaching action would be to file a certified copy of your judgement with the office of the Secretary of State. This will attach your lien to any personal property (cars, boats, tools, etc) owned by the debtor. You can then levy against any and all real or personal property of the debtor. Makes life miserable. Call your Sec'y of State!
 
Top