Re: Can you afford to take a chance on bad credit?

Re: Can you afford to take a chance on bad credit? by Kathleen on December 3, 2016 @19:37

Because it's not just the rent you'll lose, it's your expenses, cost of eviction, cleaning up and flipping the house to re rent.

You don't know these people so are you'll be letting them borrow your $100,000+ investment to do with as they please for however long they please? This could take up to a year, what woth giving them a chance, posting, filing, having them served, having them give an answer to the UD and going to court?

I say this because I have 26 rentals and 4 evictions in 30 years. Who takes up most of my time? The one who just barely had a credit score and income; I let them in and I would get more sleep with Satan himself.

Late every month, or knocking on my door at 11pm to give me the rent so they won't get a late charge. 930 at night phone calls "It's so hot. And my cooler doesn't work" (it wasn't plugged in).

Because you can wait for a better tenant or just get a thousand dollars in fives and throw them out your car window every month

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Re: Can you afford to take a chance on bad credit? - Landlord Forum thread 349530