Budget Info. to Tenants

[Cordell M.]

Recenty I've begun investing in a lower income area (row homes under $35K for three bed, two bath) with some neighborhoods better to buy in, others better to avoid like most places.  Has anyone given letters to new tenants (we have a property manager), with basic budget resources (ala a Dave Ramsey), with the discaimer we are not financial advisors and reviewed by our attorney.  Goal would be to create a win-win of making tenants aware of solid fiscal practices (w/o being condescending) for a better life for themselves and indirectly also hopefully helping them plan to have money at the beginning of the month for us. 

Thanks for the insights!

[Mike M.]

I think you'd be wasting your time. Plus, some may view it as condescending as they may not strive to be as monetarily successful as you or me.

I'd keep your relationship strictly to rental property issues.