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Scumbag landlord

Great video! Very helpful

Is the lawyer responsible for handling the collection process?

Screen, screen, screen, screen, screen and screen again especially in this day and age of militantly pro tenant legislation. Never make exceptions for ANYONE... you WILL regret it. Avoid anyone who is suuuuuper interested. I had an applicant fill out my prequal saying they "smoke/vape only outside" then tell me NO ONE smokes/vapes. Then literally FIVE SECONDS later, they said "you mean my husband can't even smoke outside?" When I said "no" she responded "weird." Actually it's "weird" that you lied to me in a span of 5 seconds.

*promosm* 💋

Guy great videos you got but make this one into a short. it is just 1 minute so it's perfect :)

Splitting up the security deposit and last month's rent is required of landlords by WA state law. 3 payments. 🙄

How about the applicant who has religiously paid their rent on time for 10 years. When asking to move to another building with the same rent is told their unchanged debt to income ratio their application was denied. How is suddenly the debt to income ratio is a problem when it hadn’t changed. Now they are being put out on the street cause their current apartment is already rented. Sounds a bit shady to me. There is no shortage of shady exhibited by some landlords. What are some red flags about landlords

Guru, land reps, LMFAO ???!!!!! NO REPLIES READ.

I had an applicant who offerred me a copy of his credit report saying I could save the cost of doing my own credit check. I did my own check and found he owed the IRS $400K, which didn't show up on his "credit report". Always, always do your our credit checking! There is a mixed message in this video, which is "don't do in person interviews" vesus "let them talk". I have always gone with "let the talk". However, basically, an excellent video.

Phew. Thank you. This is very helpful for me, a rookie landlord with several properties in my home town which is across the country.

The #1 BEST way to ensure performance is to use a service like TransUnion Smart Move and have the tenant pay the $43 application fee. I have converted four Airbnbs back to long term rentals and just closed my 4th lease today using this service. It has weeded out several applicants - one of which had four unpaid loans and an eviction! My new tenants each have 800 credit scores and easily could get together their first month and their deposit as soon as we signed the lease and I gave them their keys. Getting the RIGHT tenants in your spaces makes all the difference in the world!

Top-notch advice! I would be concerned though that this information, if viewed by certain prospective tenants--bad ones--could help them to hide their application weaknesses to trick landlord/property managers into renting to a "tenant con artist" instead of a genuine one. Maybe we need a video on tenants who seem too good to be true but are really running a con game. The laws seem to protect tenants more so than landlords nowadays. Beware!

Excellent points! Believe every word the Property Management Guru says. The only thing I would add is use a reputable property management company, if at all possible. Let them handle all of the screening procedures and potential pushbacks from prospective tenants. It’ll save you a great deal of frustration, worry, and even anger. You can have the final say on the recommendations given by competent property managers as set forth in the contract you’ve entered into with them. Chances are, even with a management company handling things (with your approval), my experience has been that very bad things can still happen with your tenant, considering they will be "in possession” of a rental property with a value of hundreds of thousands of dollars or even millions and wouldn't think twice about trashing your rental home or apartment to exact revenge on you. And it’ll be next to impossible to recoup your losses from such damage even after a court judgment in your favor! If there is another, safer type of investment you could invest in, seriously consider it--given the fact that there is a critical mass of very bad tenants in the world-even ones that look good on paper and seem as innocent as a lamb. I know there are bad landlords, too. But that’s not the topic of this video.

I've rented out a house or two that I've own since 2009...honestly the people driving older vehicles, like a 10-15 year old vehicle, seem to always pay rent better...people with new $900/Month vehicle payments have defaulted on me.. see how long they've been at the same job...the longer the better...

People should not be profiting off rental property. Oh no someone isn't a good tenant. People should not be tenants they should be able to purchase their own homes. Real estate investors are causing a homeless crisis.

I kinda giggled at the first one. I dont know where you are but I'm in Visalia California. There are absolutely no renters rights here. At least nobody to enforce them.. inwas literally quoted $7100 as a move in deposit and $8100 if I had a pet. That's on a $1700 rental. And that's her requirement.

I hate dealing with landlords. We have bought homes when renting would have made better sense just to avoid the jerks. Your tips while relatively sensible reveals some of your quirk’s too!

I always ask people how many people do you have? Do you have good credit and income about 3 times the rent? If any one of them doesn't meet my criteria i just ignore them. Too many people living in the house is a one of the biggest red flag.

I’m always a little nervous renting to people with long arrest records who are currently on probation.

9 years ago I purchased a townhome as my future residence and thought I could rent it out on my own using my own judgment. Big mistake. The person I rented to "Just got a divorce" so her credit score was trashed, she provided me with her most recent paycheck stub from a well-known employer -- but she was "laid off" that job six months later, then she had to be "hospitalized for a serious illness that had to be kept confidential, "her teenage daughter ran away from home," "her ex-husband stopped paying alimony and child support," "her car was totaled in an accident" and "the new job she got only lasted for several months." All lies and manipulation. She paid most of the monthly rent but never all, and the cumulative amount in arrears kept growing. She ended up vacating (in the middle of the night) 22 months later, leaving some unpaid bills and damages totaling $10,000 and I'm sure she moved on to her next mark. She was a grifter and con artist and an honest property manager would have smelled a rat. I'm a good honest person and assumed I could sniff out a serial psychopath and cheat. I couldn't. Thieves know how to manipulate you.

How do you deal with a single tenant who has just moved in and then one or more individuals (who you've never met or know) move in and start causing you problems?

Better idea. Get rid of real estate. Buy into low sell bitcoin high. Real estate is complicated bitcoin is simple

I get a few of them, but it's hard to take anybody serious when they call themselves a guru and they've only got 323 subs after 57 videos. I only have 3 videos over a months time in comparison. Then I took a break. A long break.

Hello Jeff, and Thank You for the Top 7 Red Flags to Watch for, etc. One more thing, that's more Directly Focused on Finances & Employment. Decades ago while living in California, one of our neighbors acquired a new house, but he decided to rent out his previous home, instead of selling it. He was so Anxious and Happy about the move, that he became Blind-Sided about the reality, and in so doing, he never bothered to verify the employment of ANY of the five UNrelated people moving in, and also so Foolishly Impressed with the fact that the renters had no problem paying out nearly $3,000 cash, to cover a deposit and First and Last months rent! Little did he realize, that they had plans of setting up a Drug Lab in the house...with that in mind, they could have probably paid an Entire Year's worth of rent. Longer Story shorter: The thugs who rented that house were so paranoid about their illicit behavior, that they Intimidated an elderly lady across the street, and told her never to 'Look their Way' anymore and did a few thousand dollars damage to our vehicle, because my wife & I, out of concern for our then young daughter, were caught glancing in the General Direction of the house they occupied. After about eight to ten months passed, they finally decided to move, leaving more that Twenty-Thousand Dollars ($20,000) in repairs, to the owners. This was totally avoidable, if only the owner didn't become so 'Google-Eyed', when the creeps whipped out a huge wad of cash, before his eyes. Always verify employment, and even Drive By the so-called place they CLAIM to work at! Greetings from Northern Kentucky USA, Y'All.

My renter had her nephew move in with dogs. My management company at the end told me she was never home so he couldn’t see the total mess, poop destruction. Never changed the filter for a year and a half. Should have sewed the management company not her which was impossible. Sold the house.

I am so lucky I own my own home and don’t need to deal with property managers/landlords. What a nightmare!

I would want to meet in person for sure for 2 reasons. 1 to see what they drive and what condition it's in including the inside it's a MAJOR tell. 2 to physically walk through and video the walkthrough to document condition and set expectations.

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You forget variables and therefore miss ones who would be incredible tenants who pay on time every month and cause no trouble. "In a hurry" once because of a new job and after weeks of looking nothing available to fit needs. Now the new job start day is in three days. In a hurry but found one that never would have been first choice. Thankfully this landlord did not see a red flag and deny me. Almost three years now on time rent. You are way off, Mister.

We rent out outdoor space and you are correct. Our biggest tenant is also our biggest headache. Late, manipulative, and somewhat whiny if there's a change. I wish I'd known these tips ahead of time.

I must have bad luck with landlords I've been an ideal tenant: Paying rent on time, taking good care of the property, leaving it cleaner and in better condition than I found it. Many landlords have not returned my deposit. They know that I have to go to small claims. I can win the case but I can't collect. Landlords know this. Landlords reading this maybe don't believe this. It's true. Plenty of bad landlords out there.

We have potential renters over for dinner. We learn so much that way.

They show up with a big bankroll of cash don't be fooled

Thanks!

Excellent video! Very well done! Interesting to someone who is neither a tenant or a landlord, but these red flags could work in other relationships, I'm so sure! Blessings on your channel and keep up the good work!

If you don't meet the prospective tenant, then how can you analyze what they say??? # 7????

You people are crooks and do nothing but rip people off. I have been with the same property management company for 5.5 years now and have lived in 2 different houses. We have never been late with the rent in fact we pay it early every month. The first house we lived in we spent nearly $5000 making repairs and improvements inside and out. Fixing a few things on the property outside that the city said was in violation. We never called or bothered the management company we just took care of it. When we had to move due to owner wanting to sell the property we stayed with the same company. We hired a cleaning company to come in and clean the house made sure the outside was in good condition before moving out. We were told that the house was not clean enough and had to be cleaned again. And several other minor normal wear and tear items needed taken care of. We only got back a $137.00 of our $1200.00 deposit. Now in this current house we have been in for over 2 years they have raised our rent each year and charged us additional deposit each year. So I don't want to hear about your crap or why you have to rip off your tenants every year. We are going to purchase a home before our lease expires this year and are going to sue the property company. I hope you go out of business and become homeless

Never let a tenant pay the entire yearly rent up front because then if they are destroying the property you will have a hard time evicting them

I'm a property manager and meeting in person is very important. Only once they are approved with preliminary checks. You will only find out if they are a bully or a disrespectful person which is important to me because those the ones you will have problems with. People can't hide who they are for long and if you read people you will see it with their actions more than anything.

How about 7 things to watch out for cheap landlords.

If you don't meet someone in person, how do you know it isn't fraud? It isn't a red flag to want to meet in person. Maybe they want to meet the landlord to see what kind of person you are? I would never rent a place without meeting a landlord. Sometimes because the rental market is tight someone might need to move right away if they have been given 60 days notice but have had a hard time finding a place due to a shortage of apartments. A couple of these aren't red flags.

What about red flags about landlords? I once had a landlord who wanted me to pay my rent in cash. So glad I didn't because when I qualified to buy a house, the bank wanted to see my rent payments in my checking statements. Rents and inflation are astronomical. Some people who are responsible with good credit do need to split the deposit over time. That's why they have good credit. They pay their bills on time but may not have a lot of savings. America is becoming a dystopia.

you have no heart for the poor working man maybe one day in the next life you will get treated just like what your naming better yet ill watch cnn and 200 people are picketing your property and you will be down on your luck it can happen never think youre too big to fall.

I had some income property for years and what worked for me is I would walk the people out and see how the inside of their car looked if the inside of their car is trashed my house would be trashed. I never rented to those people.

Thank you! Bob

TRUMP!!!!!!!!!!!!❤

Don't agree with on several of your red flag.. mainly meeting in person. If you can't read a person pass their pretty smile and fancy clothes there's a problem.

Good video. New subscriber!

Thank you so much!