Posted by Brian, WI on July 21, 2002 at 08:33:35:
You are right, there are those low life’s that live in these buildings. You have to deal with them the best you can. Yes you should screen your tenants as best as you can, but with week-to-week rentals and the way some people come and go often, you can only do your best. As a matter of fact, the manager of my rooming house has a list of people not to rent to, so that helps too.
Anthony should not just be looking at the great cash flow of turning a duplex into a rooming house. He does need to do his research, but just because your friends experience was bad, doesn’t mean all are.
Here in Wisconsin there is an old lien law on the books for keepers of Inn’s, boarding houses, etc. It says that the keeper of and Inn or boarding house can take a lien on the property of a tenant that hasn’t paid rent. That is my eviction notice…“Here is a copy of the lien law you got when moving in Mr. tenant, I will be here tomorrow to take your property and have a lien on it because your rent is late. You can either move tomorrow, pay your rent with late fees, or your property is mine. Good day”. It works well for me and I’ll be going to see if one of my tenants moved today like he said he was, or I’ll take his property like I said I was.