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Tough Economy Makes Tenant Debt Tough, but Not Impossible, to Collect
The downturn in the economy has caused many landlords to lower their credit requirements for new tenants. Of course, lowering credit requirements increases financial risk. Renting to a tenant with...
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Ten Common Landlord Mistakes
Effectively Dealing With Tenant Delinquencies And Eviction Proceedings By Jon L. Farnsworth, Esq. (Editor’s note: This article was initially published in the September 2009, Minnesota Real Estate...
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USA Today – The Landlord Doctor
December 30th USA Today published an article titled “Apartment renters win as vacancy rate climbs”, when he wrote the article author Paul Davidson asked me what effect concessions are having on the...
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Rising Tenant Debt Challenges in a Down Economy
Our country’s current economy has had a severe impact on the real estate and housing market. The nightly news covers the blight of communities impacted by a high number of foreclosures and the...
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Incomplete Rental Applications Cost Landlords Profit
Financially, many landlords are shooting themselves in the foot. The application process is normally the first place they do so. Incomplete and inaccurate rental applications cost landlords much...
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Non-Refundable Pet Deposits Can Actually Cost You Money
The way in which you explain, or don’t explain pet deposits can cost you profit. If landlords could spend just one day as a professional collector attempting to collect tenant debt, one of the top...
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Accepting Late Payments Can Land You in Court
There are many reasons why you shouldn’t allow a tenant to pay rent late, but the legal implications must always be at the top of the list. Unfortunately, by being the nice guy, or gal, and accepting...
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Failure to Comply With Tenant Deposit Notifications Could be Costly
A Landlord's Worst Nightmare Imagine being forced to write a check to a previous tenant who still owes you money. This is a very real possibility if you fail to comply with the law after the tenant...
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Survey Results – Top Ten Reasons Tenants Give for Not Paying Rent
Recently I was asked to conduct a survey of my blog readers of the reasons and or excuses tenants give for not paying their rent. I have heard countless times from landlords who allowed tenants to pay...
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Accurate Tenant Screening may Become Much Easier!
A credit report is basically a report card of how a particular person pays their bills. Why are monthly rent payments not reflected as a trade line on the credit report? I as well as many others, have...
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