Howdy Moguls, JP here with a great lesson that we haven’t typically talked about much. But it’s important enough that it certainly requires some good thoughts about it – keeping good tenants in your rentals.
In the world of long-term landloring and keeping tenants, a lot of energy is put into finding the right tenants and getting rid of the bad tenants, with good reason…
Although, I think that not enough is said about keeping the good tenants. You know and I know that the most expensive part of landlording is vacancy. It’s definitely our dirty word. I kinda cringe just typing it actually.
Vacancies can quickly suck up any profit you may have built up. Having a piece of property sitting there – empty – is not a good situation.
So of course, anything you can do to minimize or eliminate vacancy is to your benefit.
One problem is that a lot of landlords don’t recognize what they have in a good tenant.…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.