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Maybe I want to buy that Flat Screen TV or
get my kid something without yelling at them and telling them "I
didn't get RENT..." SO you want to be
landlord? Get that red suit out and be merry. Not all tenants are bad
and not all landlords are good. But after 20+ years of being santa from
November through January - good grief! What's
next? That's right, Valentine' Day. So
here you go landlords - don't be nice. You'll lose your shirt, the
tenants will win and you'll be stuck with lots of bills. You'd
think as the publisher of RentLaw.com, I wouldn't be stuck with two
tenants who combined, owe me over $20,000. Well this time ladies
and gentleman, immediately upon getting the judgement for eviction, we
file the eviction and let the courts remove the tenants. And start over. I
have now with 1/2 of my tenants receiving Section 8 assistance. So far,
the tenants are great and about 90% of the rent comes from the Federal
or State Government. For once, I feel like I am getting a gift. Be
strong. Be a smarter landlord then I am. TIP:
IMMEDIATELY UPON A TENANT PAYING RENT LATE, SEND A CERTIFIED NOTICE AND
CHARGE A LATE FEE AS PERMITTED BY LAW IN YOUR STATE. If
not, you lose. Trust me. If haven't
seen Will Farrell and Pearl in the short "The Landlord" take a
quick look. You'll get the idea. Happy
New Year to all.
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