90-9-1. What is it? A secret code? A date on the Mayan Calendar? Coordinates for a hidden fortune? No, nothing that exciting. It's the ratio of good tenants - fair tenants - bad tenants.
I've gotten a lot of comments from readers of this blog that I seem to have a lot of bad tenants. I don't. In fact, about 90% of my tenants are very good, causing no problems at all. Another 9% to 9 1/2% of my tenants require some attention (such as calling about personal problems, complaining about their neighbors; or being a whiner). These tenants do not present problems that warrant evicting them. Finally, I evict about 1/2% to 1% of the tenants.
Why don't I write more about the good tenants? That's very simple. There isn't anything to write about the 90% of tenants that are good tenants. What could I say? "Sally was a good tenant again today". Quite honestly, the good tenants don't occupy much of my time or my thoughts. The same is generally true of the 9% that are some minor annoyance. They may call to tell me about their personal problems, but that's usually not worth writing about. The final 1/2 to 1% that I do evict are the tenants that are worthy of note and the ones that occupy my time and thoughts.
Today, I did a little work painting the pink elephant (my latest apartment building). Nothing too exciting.
Michael Rossi's Blog
The purpose of this blog is to give you a look at the daily life of a rental property owner. It's not all sitting on a yacht like you see on the TV Infomercials!
Visit our Website at: www.1MinuteToRentalPropertyRiches.com
Monday, April 21, 2008
Subscribe to:
Post Comments (Atom)
3 comments:
Sally paid the rent again this month. On time again!! Man I hate that...
:-D
Our tenants are all doing well it seems. No one has whined this month and we are expecting no problems on the first of the month. Boring I know! : )
Our tenants are all doing well it seems. No one has whined this month and we are expecting no problems on the first of the month. Boring I know! : )
Post a Comment