In the event of unprecedented misfortunes which none of us is ever immune, it is sometimes too difficult to get it through without compromising one or several of our properties. And to aggravate the situation, not only are we racing with finances, but with time as well.
Ok, so let's say you've done every tiny bit of detail about your property. The problem you'd be facing next is to find a tenant. In doing so, you can't just ask money, give the tenant the key and have him move in right then and there. There are procedures and conditions you have to orient them with prior to taking the property.
When a good tenant moves out of your property, this could mean a hassle of some sort. You will have to get your unit ready for the next tenant, as well as pay the mortgage of the unit even if the unit goes unoccupied for sometime.
It's not easy to approach tenants considering that their personalities are not all the same, and that they vary as wide as the array of properties that you have. In cases as such, the best way to approach them and tell your tenants about certain business matters such as renewal of lease contract, changes in occupancy, and contract extension, is best done in person, and by in person, it has to be something casual and subtle.
There are experts in almost every area of endeavor. In the medical field, we have doctors; in programming, we have programmers; in cases and lawsuits, we have lawyers. In managing a real-estate, you can't just randomly pick someone to manage your properties after thinking about it for 5 seconds.
People’s attitude varies, each with their own complexity that it would be an incredible bliss to have them in a place where they live alongside each other harmoniously. But let’s not daydream of ponies and rainbows in broad daylight, not all people are nice. They can be so difficult sometimes that you just want to prick them like a bubble so they disappear. As landlord, you have to understand that tenants are individuals who define and lead their lives differently, and there are boundaries you can’t cross.
The great global economic depression has brought down many industries and companies, including the infamous Lehman Brothers, the 4th largest investment bank in the world. However, despite the companies falling down like London Bridge’s frailty on a heyday, not all areas are on disgrace. There will always be some things that are going to thrive just as they did all these years. An example of this is the real-estate arena. But depending on how your business relies on this field, it could be flourishing or tumbling down the hill.
Valentine’s Day came to be as a holiday in honor of a certain Saint Valentine who is thought to be the person to give the first love letter. He gave it to a jailer’s daughter who he cured from what everyone at the time thought was an incurable eye disease. True or not, he has influenced the lives of many people, and Saint Valentine’s birthday came to be the holiday dedicated specifically to people from all walks of life who love.
Not all people in the world are Hispanic and can tolerate earsplitting every day conversations. We want the neighborhood to be as harmonious as possible and it’s important to protect the tenants from other lessees who are making too much noise. A peaceful community means healthy business
As much as I would like to believe that all tenants are capable of paying rent, it’s like dreaming of rainbows and butterflies during Algebra class. Not all people are as honest as you want them to be, and some of them can even tell virtually all lies in the book just to get landlords and property managers to admit them into a unit.
