Comments on: Nasty time with the tenants http://livingoffdividends.com/2005/11/25/nasty-time-with-the-tenants/ Join me on my journey to achieve financial independence through dividends, passive income and investments Tue, 16 Mar 2010 21:22:11 -0700 http://wordpress.org/?v=2.8.1 hourly 1 By: Q. McFarlan http://livingoffdividends.com/2005/11/25/nasty-time-with-the-tenants/comment-page-1/#comment-31 Q. McFarlan Tue, 13 Dec 2005 03:54:00 +0000 http://www.livingoffdividends.com/2005/11/25/nasty-time-with-the-tenants/#comment-31 I'm thinking about trying to buy a house to move into near my college campus, then bringing in a bunch of roommates to help pay off the mortgage.<br/><br/>Just not sure if I can be mean enough to boot 'em when they don't pay. Good luck with your tenants. I’m thinking about trying to buy a house to move into near my college campus, then bringing in a bunch of roommates to help pay off the mortgage.

Just not sure if I can be mean enough to boot ‘em when they don’t pay. Good luck with your tenants.

]]> By: Erik http://livingoffdividends.com/2005/11/25/nasty-time-with-the-tenants/comment-page-1/#comment-25 Erik Tue, 29 Nov 2005 01:07:00 +0000 http://www.livingoffdividends.com/2005/11/25/nasty-time-with-the-tenants/#comment-25 My "Ex-tenants" decided not to pay their rent and let the heating and electric be turned off during the winter months. I had a "friend" who was supposed to take care of the place for me. All of these circumstances = busted waterpipes and radiators = $12,000 in damage. It took 3 months to get my house back into good enough shape to rerent it out again. A hard lesson learned!<br/><br/><a>http://themillionairemindset.blogspot.com</a> My “Ex-tenants” decided not to pay their rent and let the heating and electric be turned off during the winter months. I had a “friend” who was supposed to take care of the place for me. All of these circumstances = busted waterpipes and radiators = $12,000 in damage. It took 3 months to get my house back into good enough shape to rerent it out again. A hard lesson learned!

http://themillionairemindset.blogspot.com

]]> By: Empty Spaces Inc. http://livingoffdividends.com/2005/11/25/nasty-time-with-the-tenants/comment-page-1/#comment-24 Empty Spaces Inc. Mon, 28 Nov 2005 22:43:00 +0000 http://www.livingoffdividends.com/2005/11/25/nasty-time-with-the-tenants/#comment-24 check out these books<br/>http://topbooklists.blogspot.com/<br/><br/>look under Basic Investing Books. there are a couple for real estate.<br/><br/>You should network and find people who are doing that. I know about 30-40 people who are investing out-of-state and its very useful in terms of finding deals and sharing resources. check out these books
http://topbooklists.blogspot.com/

look under Basic Investing Books. there are a couple for real estate.

You should network and find people who are doing that. I know about 30-40 people who are investing out-of-state and its very useful in terms of finding deals and sharing resources.

]]> By: Jane Dough http://livingoffdividends.com/2005/11/25/nasty-time-with-the-tenants/comment-page-1/#comment-23 Jane Dough Mon, 28 Nov 2005 15:20:00 +0000 http://www.livingoffdividends.com/2005/11/25/nasty-time-with-the-tenants/#comment-23 Ugh - non-paying tenants are the worst! You really need to harden your heart and move forward with eviction proceedings. If they are not good with money and have health issues you are probably not the only person they owe money. The credit card companies, utility companies, etc. are not going to "feel bad" for them. By being soft you are placing yourself last on their list of who to pay this month. As a small landlord you really need to be first on the list - unlike the credit card companies or utilities you can be ruined by a non-paying tenant.<br/><br/>This is the hardest part about being a landlord and why so many don't have the stomach for it.<br/><br/>Good Luck! Ugh – non-paying tenants are the worst! You really need to harden your heart and move forward with eviction proceedings. If they are not good with money and have health issues you are probably not the only person they owe money. The credit card companies, utility companies, etc. are not going to “feel bad” for them. By being soft you are placing yourself last on their list of who to pay this month. As a small landlord you really need to be first on the list – unlike the credit card companies or utilities you can be ruined by a non-paying tenant.

This is the hardest part about being a landlord and why so many don’t have the stomach for it.

Good Luck!

]]> By: Anonymous http://livingoffdividends.com/2005/11/25/nasty-time-with-the-tenants/comment-page-1/#comment-22 Anonymous Mon, 28 Nov 2005 12:34:00 +0000 http://www.livingoffdividends.com/2005/11/25/nasty-time-with-the-tenants/#comment-22 I've been reading your stuff for a while now - great blog (linked to it from Savvy Saver).<br/><br/>My husband and I have been considering buying investment property. We own our co-op in NYC but but don't have a clue as to where to start when buying elsewhere. <br/><br/>Any tips? And/or books you can recommend?<br/><br/>Thanks! I’ve been reading your stuff for a while now – great blog (linked to it from Savvy Saver).

My husband and I have been considering buying investment property. We own our co-op in NYC but but don’t have a clue as to where to start when buying elsewhere.

Any tips? And/or books you can recommend?

Thanks!

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