Buying Investment Property And Screening Potential Tenants

[TheLessco]

Try to be a little more serious next time.. lol. Interesting take on renting though.

[astrosntexans]

auto debit is a good idea, that would save the tenants and the property mgmt team lots of time and hassle. No more "the checks in the mail" stories etc.

[bova505]

I don't rent properties but I watch these videos because this man is so funny and entertaining. He should book a theatre and tell his stories, it would be a hoot and a sell out. I especially enjoy his ' voices ' of potential tenants. You can imagine what they look like just by the way he mimicks them. Wonderful.

[bigbadsingledad]

good video,good rules-some might think they are harsh but when u clean up after these bums,and have to go to court and hear all of the lies they try and,to weasel out of there responsibility they will seem pretty fair lol! thanks 4 the info

[maurpine]

I'm a new kid in the property for rent investment biz.. I really appreciate this valuable advice.

[stevenabb]

I think most tenants would balk at "auto-debit" from their checking accounts. Even I would not trust that, what if a landlord is a scumball and drains my account with some fishy/my money reasons after I leave from the state? It depends upon the tenant's level of income.

[wildwoodtop]

Wat a Dick!

[Angelhaven95]

By the way, we also didnt ask for one penny off the rent for the improvements we made. This is our home and we love it here. The landlord loves the improvements we made. Most people dont give a crap about a rental, I understand that.

[Angelhaven95]

Erik, we have rented the same house for 6 years. The landlord never checked our credit, and had us sign 1 one year lease. He has never asked us to sign another one, because we have been great tenants. We pay promptly every month (not by auto draft) Bottom line is we all trust each other. We have made many improvements, new paint, landscaping, new lighting fixtures etc. We didnt have great credit, but we have been great tenants. Dont miss out on good tenants just because of a credit score.

[alwayslooking10mm]

Great video! Thanks for posting it. I have a question. A possible new tenant wants to move in a property, has a good stable job and can more than cover the rent. She doesn't have bad credit just no credit. She's not in debt. Doesn't own any credit cards. Every else checks out fine. Is she a good canidate? Should I give her a lease? Please help. Thank you.......

[ihatebadtenants]

we recently rented our apartment and the lady said shes gonna leave on the 3rd of january and its already 28th of december. she still hasnt found an apartment yet and when i told her if she doesnt leave by the third shell still have to pay rent. and if she doesnt pay we'll talk to a lawyer. That Animal (the tenant ) tell me, that if we take her to court theyll let her stay for 3 months for free. What should we do at this piont.

[jnstraume]

@ihatebadtenants sounds like she pays cash each month? just put her shit on the sidewalk and pretend you never knew her.

[ihatebadtenants]

thanks that was very helpful

[ErickandCompany]

Dear Always and Urban,

Thank you for taking time out of your busy days to tap out your feedback to me.

The tips I share in the video are MORE than advice... what I said has come from personal experience.

"Let me tell you how I work..." followed by your requirements work like magic.

No surprise that bad tenants argue.

What surprised me was good applicants identified themselves by responding, "Oh I'm so glad you work like that. Takes a load off my shoulders."

Erick

[alwayslooking10mm]

This is great advice. When I first brought my first investment property. I had no one to guide me and I made mistakes. I went by how nice the prospective tenants were and I got totally screwed. I tried to provide them with a great apartment and did just about anything to please them and it came back to bite me in the butt !!! I will now use your tips and advice. Thank You for posting this. You have no idea how much it has helped me.

[urbancyclist1]

Yes, as soon as they mention 'cheque', they're doomed'. You make the decision, they have to put up with the rules.

[urbancyclist1]

Good idea, about the credit report.