Landlord Tenant

Renting junk will get you junky tenants - A guide to getting a good tenant.

Posted on May 15th, 2008 | by John Glenn |

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Some people say that a bad area equals bad tenants but I have seen good tenants in bad areas. I have also seen bad tenants in good areas. So the question arises that what is the reason that causes to come bad tenants in the properties located in good areas.

Recently, I have an investment partner and his philosophy says that any house whether good or bad could get the roughly the same rent. As seen most of the cases, it is true and depends a lot on the area where these properties are located but the one thing that he missed was the fact that a bad house had a high turnover rate. Every time a tenant would move out I would have to incur a great deal of repairs and costs to get the property back up to rental condition. So this proves to be very costly for the landlord. The tenants who are living in these properties are termed as bad tenants but are they actually bad? No never, in this manner every tenant is a bad tenant and every tenant is a good one.

The good tenants would not even bother to look at a property if it was not up to there standards. It is true that you may not get more money per month for a well fixed up place but you most certainly will get a longer term tenant. I know that a longer term tenant will result in a greater profit for the landlord. The best tenants may not stay the longest but they will take care of your properties.

So before renting a property and if you wants good tenants and wants to save your money in repairing, then present a well maintained house to rent that was completely repaired and in great condition. This result in long term tenants and you will save a lot in repairs and damages, and also the tenants will live without headache and trouble.

Tags: bad tenant, good tenant



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