Is it a pain to rent property out to others?
My parents have 20 rental units that will one day be mine and my sister's. My dad is trying to show us some of the ropes now. The best thing to do is to go to the court house to find out if the applicant has ever been evicted before and to call to make sure they have employment. Even with doing that he said that 1/3 of the renters will be awesome (they pay on time and keep to themselves), another 1/3 will be okay (they may pay on time or maybe a few days late but they may give you problems such as keeping the yard cluttered), and the last 1/3 will be horrible renters ( pay late all the time, behind on rent, or not pay at all). He told me the key is to weed out as many of the horrible ones as possible. Don't let them get too far behind in rent, go ahead and do the eviction process as soon as your state allows, etc. Cont...
Answer by older at 4:46 PM on Apr. 13, 2011
Answer by jmpj8107 at 11:03 AM on Apr. 14, 2011