On Mon, 27 Jan 2014 23:14:57 -0500, KC wrote:

On 1/27/2014 10:56 PM, Wayne.B wrote:
On Mon, 27 Jan 2014 22:11:14 -0500, "Mr. Luddite"
wrote:

On 1/27/2014 9:29 PM, Wayne.B wrote:
On Mon, 27 Jan 2014 19:25:57 -0500, KC wrote:

After kicking the defendants ass in court today, the judge gave the
babbling bitch and her deadbeat husband 5 days then I get to kick them
to the curb with the marshall... This song kept going through my head
on the way home from court, and I found a great version.. If you like
rock, turn it up, and check it out....

https://www.youtube.com/watch?v=IqP76XWHQI0#t=35

===

That's every owner's nightmare. Do you have a strategy to keep it
from happening again?



I would. Sell it.


===

There are people who seem to be successful at renting out property.
I've met a few. I think part of the key is probably to do a very
extensive background check. Deadbeats tend to be repeat offenders
and leave a trail of debris behind them. I think another key is to
have a really air tight lease/rental agreement with well defined
deadlines and penalties for late payment. If you want high end
tenants however you really need to start with a high end property.
That may not ne the case here.


If we ever do rent again we will certainly do all of the above. Another
thing I have picked up on is again, I am empathetic to folks with kids,
and tend to let them fall behind until it's just too deep. If I rent
again, and I always do have an airtight lease, saved my ass today for
sure... Anyway, if I rent again, first time late rent, warning, second
time, even a day, start proceedings.. This really gives a more serious
tenant 6 months to either fight, or straighten out and get it right....

I've never regretted selling the rental properties. Yeah, sometimes I wonder how much I could get
for them today, but probably not much more than I did. Plus I've gone without a whole lot of
headaches. You know what they say about the two happiest boating days...buying it and selling it.
The same is true of a rental, if you ask me.