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Originally Posted by tootie
Yeah, I understand it's simple for some. But personally I wouldn't see dollars living in my house, I'd see people, human beings. That's exactly why I couldn't do it. Money be damned, I'd give my last penny to keep someone from being homeless if I could.
I struggle to understand it, but I just can't. So I don't do it. I leave the landlording to people who don't have such a weak heart. Heh
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Landlording is not for everyone and you do fit the picture of someone who shouldnt be one. I do feel for people that I may have to evict and I do see them as human beings and not just money.
Ones heart for your tennets should be used when screening them. Check their finacials, their credit score, and their work history. Then make sure that your rent will not be more than 1/3 of the prospects monthly income. More often than not the reasons for having to evict a person due to non payment can be followed to a improperly screened tennet.
I have on several occassions found tennets who would of passed all aspects of the screening process except the 1/3rd rule and I either told them of some of my lower rent dwellings and would not rent that given unit to them or passed them onto another landlord who had cheaper rents. Then if they still somehow mess up I really know it is due to improper budgeting on their part.