Greg wrote:I feel sorry for landlords operating under the misconception that having a good long term tenant is a good thing.
I have about 10 of the best tenants a landlord could ask for, long term, and all about $100 a month below the going rate. I would not for a moment be sad to see them move.
I would gladly take a chance on the unknown knowing that I could raise all there rents a significant amount.
Well, I don't know about that... I kinda feel the opposite.
Having had a tenant from hell I value someone that's quite, pays rent on time, and takes reasonable rates effort with the property.
I feel like everytime you 'look' for a new tenant, you're 'rolling' the dice.
if you tihnk about it.... 100 more, over a period of a year, is probably about the same amount of rent collected if left vacant for 1 month...
things to consider