Mistake: Not Screening Tenants For Eviction Risk
Mistake: Not Screening Tenants For Eviction Risk
Always screen your tenants. It's crucial to your survival as a landlord. The landlord who doesn't screen his tenants is the one who gets the worst tenants because the worst tenants can't get an apartment from anyone else because everyone else does a background check!
concern. Your primary concern is whether or not they have been evicted. If they have been evicted once, they know how to play the eviction game and will do it again.
Your biggest cost as a landlord is turnover. Every time you turn a unit over, you usually lose a month's rent plus the maintenance or repair cost to get the unit back into shape.
If you have to evict a tenant, the process could take up to 6 months, depending which state you live in! It takes longer to evict in most northern states than it does in the southern states.
Whether it's one month or six months, that is your cash flow! Once gone, it can never be recouped. Sure, you will probably be awarded that amount when you go through the eviction court but you will probably never collect it.
Be smart, do an eviction background check on all of your prospective tenants. It's easy if you use National Tenant Network. A nationwide service that provides background checks for landlords.
An eviction check will cost between 10 ? 20 dollars (a credit and criminal check cost more). Don't you pay it! Have the prospective tenant give you an application fee at the time that they apply for the apartment.
This will cover your cost and if you set the application fee higher than the cost of the background check, you can make a little money, too!
For more information on how to avoid mistakes when selling, download our free report called "Avoiding the Top Ten Biggest Selling Mistakes". This report is offered to all guests.
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Team Draper
Keller Williams Realty
2644 Suzanne Way
Eugene
OR
97408
© 2003 – 2010 Real Pro Systems, LLC
Last modified 9/8/2010