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Renting My Place Out - Need Pointers On How To Pick A Tentant.
Nephasth:
I've been renting out my house near Dallas for 4 1/2 years now. I'm on my third tenant now. First was a white family with older kids (late teens), I managed it myself from 1,000 miles away for a year. They told me all they had for pets was a bird, they ended up with multiple small dogs in the place. They also moved in 2 or 3 other people without my knowledge. They fell behind on rent and I had to evict them (rediculous process in Texas), court "awarded" me $4700 in unpaid rent, late fees, and junk but I'll never see it. They TRASHED my place when they left (a house I originally bought to live in myself, but ended up moving shortly after), worst smelling place I've ever been in, trash and cockroaches everywhere. The condensation drain on the A/C was plugged up with dog hair and water soaked the carpet in three rooms, well there was bird seed in the carpet and by the time I got down there, there were 2" plants growing out of the carpet all over.
I got a management company after that (and I hate dealing with my management company, but that's another rant). The second was a single black father with his young child. First year was good, then he became consistantly late on rent, then just quit paying all together. He had to get evicted. He had tons of stuff left behind. This time I didn't do any of the clean up, the management company used the deposit to hire people to do it, and even after that I forked out thousands of my own money for repairs and unpaid rent.
On the third ones now. A Vietnamese family. They pay on the first of the month EVERY month. They've been kind of nit picky with repairs (mostly caused by them trying to get rid of a ton of food garbage down the sink which is something they have to pay for), but I'm happy with them so far. We'll see how long it lasts.
My advice, SELL YOUR HOUSE.
ChadTower:
Or maybe just don't rent it out from 1000 miles away. That sounds like the complicating factor there.
Nephasth:
Yep. Nothing but headaches.
ChadTower:
Sooner or later I'll have to make the decision myself. I might eventually move my family to another region but am not sure what we'll do with our house when we do. Sell or rent? Hard to decide.
JMB:
--- Quote from: ChadTower on November 04, 2011, 03:40:25 pm ---
Sooner or later I'll have to make the decision myself. I might eventually move my family to another region but am not sure what we'll do with our house when we do. Sell or rent? Hard to decide.
--- End quote ---
Sell. Landlord rights suck in MA.
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