Re: New lease offered - Landlord Forum thread

Re: New lease offered by Anonymous on March 30, 2012 @14:17

Thank you for your encouragement.

Question is, is there really any good tenants? Its not this tenant is bad, bad would be someone you have to evict, correct?

There have been lease violations that have caused me concern. On that point we get into the debate of violations and VIOLATIONS. Maybe if they violate the lease and you do not lose money it is not so bad?

After answering your question I realized I might of simplified my answer by saying that we weighed the "Opportunity Cost". : ) The opportunity cost is based on facts but also based on feelings regarding the two opportunities?

In order to have a bit more peace of mind when managing your tenants it may be a good idea to go into it knowing there will be violations in the lease? Knowing this you expect it and therefore it causes you less concern as it is normal? Even if you find a tenant who does not violate the lease there is still going to be a push. Nicole mentioned that the LL and T have different agendas. Clearly the agendas will not be the same which produces conflict.

I think we, my DH and I, have come up the learning curve greatly in the past three years. We are better equiped to deal with conflict, negligence on the tenants part and minor lease violations. Even if you know your state laws the real education of being a LL is gained by the experience. If you know your state law the learning curve has a minor tuition fee. If you screen well the tuition fee is majorly reduced.

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Re: New lease offered by Eric (MN) on March 31, 2012 @08:32	[ Reply ]

Lease violations must be significant for a Judge to even tell a tenant to correct. Lease violations that you do not evict over, become non-lease violations. When the lease is almost up, you should send a letter with the new terms. The new terms become final on the new term, even if the lease is not signed. Then, you can make the determination if you want to evict over $100. Odds are, you will get the extra $100. Don't worry about a year lease, sign a M2M if you have to. Or just let it ride and collect the extra $100 with your existing lease and notice.