I could write a book on all the things I've seen. When I went to college in 67 housing was in shortage, so I had to buy a place to live in. I instantly had roommates. So I became a landlord at a young age. Politicians said I couldn't rely on SS being there. So that was the beginning of becoming a landlord. My first rental paid for the next one and so on. When I retired 13 years ago I had 12 rentals, all paid for. I'm now down to 8 and would like to continue to downsize, but my rental income exceeds my SS. It also gives me something to do. As long as I'm healthy I guess I may become the oldest landlord in Terre Haute.
In Indiana we have DOXPOP.com. It's downloaded to my smart phone. Anyone can use it to look at a person's history for free. It only tells you if court cases are civil, criminal, defendant, complainant, garnishee defendant. My lawyer will dig deeper if I want, for $10. DOXPOP is what lawyers pay for and use. It tells if a person got a speeding ticket or busted for drugs. Very nice thing use. Keeps the losers out.
Another thing I do is make prospective tenants show me their last pay stubs. Really puts an end to people telling me they have a JOB and they don't.
Red flag, woman only gets custody of her kids every other weekend. Can't prove income. Claims she is divorced and can't show proof of child support. The more tattoos, more red flags.
Have to stop, I could write a book on tenants. I will say I have found good ones. My Oldest tenants, 20, 15, 12 and 10 years. Rarely even see them. Rents are paid on time, mailed in or put under my front door. I rarely talk to them unless they need something fixed. geo
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Today's Featured Article - 50 Tips for Ford N Owners - by Bruce Haynes. Over the years of owning these three tractors, I have managed to refresh what little mechanical knowledge I had and add a little more, thanks to the wisdom and helpfulness of many fellow N owners. So, now it's my turn to share a few of the tips I've picked up.
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