(This post is part of our “Landlord Basics” series, which seeks to help the new landlord / investor understand some of the basics of tenant relations and property management. Click here to view the entire Landlord Basics archive.)
From time to time as you purchase buildings, you may inherit tenants that come along with them. If a tenant is paying their rent on time every month and taking care of the property, this is a very good thing. However, if a tenant is not taking care of a property, it can cause issues down the line when that tenant moves out. Some of these tenants will pay rent on time every month, and never call with concerns. Others will make themselves more evident by either not paying rent, calling constantly, or both.
Continue reading ‘Landlord Basics: Should You Keep A Bad Tenant?’
