Anyone who has owned rental properties knows that having great tenants is KEY to your success as a real estate investor.
A bad tenant can lead to months of headaches, lost rental income, and large repair expenses. For many, these experiences are enough to make them sell their rental properties and give up on their real estate investment ambitions.
We've learned through experience that there are many ways to reduce the risk of having bad tenants. Here are 7 tips to help you find great tenants:
Of course, it's impossible to guarantee that you will never have another bad tenant. Just like anything in life, we need to be prepared for these tough situations by knowing how to handle them properly and keeping a positive attitude through the process. Every challenge is a learning opportunity!