All Forum Posts by: Nancy Schneider

So far the two markets where I own (SE FL and Philadelphia) are still going gangbusters.  Guess it takes time to catch up. 

This is an interesting conversation.  In 30 years as a landlord I have had 3 evictions. 1. was when I used a rental company in a soft market and they never collected the deposit from the renter before she moved in and it went down hill after that. 2. The condo day manager vouched for a guy and I didn't do my due diligence and just took her word (that was in Chicago and that cost me about $10k to get rid of him. 3. Another one that was weak on paper but again it was a weak market and a friend who was helping me with my rentals told me to just go ahead.

My advice:

1. Trust your instinct.

2. Do you own due diligence. Call references yourself.  I even ask for the landlord before the current one in case the current one wants to get rid of them. 

3. Always run a credit check.  Only rent to those with good credit and especially look at past utility bill payments.

Thanks Aristotle. 

Elbert, I only own in PA and FL but looking to other states in the future and just doing some initial due diligence. 

Thanks Chris!

Would like to hear from landlords which states/cities are landlord friendly?  I currently own in Florida which IS landlord friendly.  Have owned in Chicago and Philadelphia and those places, not so much.  Where else besides Florida?