All Forum Posts by: Jim Bryant

Ok thanks for the inputs guys.  I was thinking I'll probably go ahead and create a lease then.  Did you guys get them drafted by professionals or did you do it yourself?

I've had pretty good luck so far with tenants, but we did have to evict one guy.  The absence of a lease didn't hurt us in that situation, although as I read, tenants rarely contest evictions.  

I have four single family homes and have been renting them out without a lease.  I started when I was 22 and I got some advice from my uncle who is a lawyer who said that "a lease gives the tenant too many rights, you're better off without one".  As I get older, I'm starting to wonder if that's a wise way to go.  

What are your experiences with leases and what makes for a good lease or a bad lease.  I will be retiring from my job soon (gotta love government employment) and will be taking a more active role in my properties than before and want to better organize what I have.  

Thanks!