Tuesday, April 12, 2016

Investment property is a business

I often have to remind new investors that the tenants they have or will put in place are your source of income. Careful screening of all tenants is required. My number one rule is if you feel sorry for them because of financing deficiencies o when you put them in will most likely result in your having a financial deficiency after they are in and can't pay. So stick to the rules on screen and complete background checks on finances, housing court, Cori & Sori reviews. Your business depends on this.