argumentThere are many things that can go wrong when you're a landlord, but troublesome tenants often cause the biggest headaches. It can be frustrating when you screen each person that applies for the property, go through your search, and choose the one you think is going to be the best... and then they seem like an entirely different person once they move in. Maybe they pay late or they've caused damage to the property. The possibilities of what a tenant can do to be troublesome really can be endless (and sometimes very creative), but in the end it's the same result: a frustrated landlord.

Obviously the best way to avoid this is to make sure you have the best screening policy in place. Did a terrible tenant slip through because you relaxed one of your methods? Make sure you don't next time. Did they land a spot in your property because you have never felt the need to run an eviction check before and when you looked into it afterwards you found that this was not their first eviction? It might be time to start spending a little extra on an eviction check. Learn from your mistakes and use that learning experience to lock down your screening process to keep the bad ones out.

One article on BiggerPockets theorizes that 90% of the problems you run across as a landlord comes from only 10% of your tenants. For further reading on this idea, take a look here.

POSTED July 16 2014 11:03 AM

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