A reliable tenant is someone who stays for many years, always pays the rent on time, and takes good care of the property..For many years, we have focused on a tenant segment with a high concentration of reliable tenants, and our results have been excellent.

If you’re looking to build REAL wealth, then leverage of one type or another is necessary.Debt is one type of leverageSyndicators leverage investors capital as equityStart up companies leverage Venture Capitalists investments in both equity and debt.The real estate investor has 3 distinct “cycles” with debt leverage1st stage is debt secured by real estate but also personally guaranteed and often cross collaterialized2nd stage is debt secured by real estate but liability not personally guaranteed and recourse limited to specific property.3rd stage is debt free If you own units in a syndicated real property investment and the investment is leverage by debt you may not think of it as YOUR debt because you’re a passive investor, but your investment is encumbered by debt the same as property you own individually IF you haven’t personally guaranteed the debt.  

Each day that a violation continues, shall constitute a separate and distinct offense, to which a separate fine shall apply.

A strong will, a settled purpose, an invincible determination, can accomplish almost anything; and here lies the distinction between those who become great and those who remain little." ~ Thomas Fuller

Once you identify this segment, determine what and where they rent today and buy similar properties.

The best way to have a reliable tenant in your property is to:Buy a property that attracts a tenant segment with a high concentration of reliable people.Work with a property manager who can consistently select reliable tenants.

I ran a couple quick reports on 2 good list segments for Cuyahoga County.ABSENTEE OWNERS with HIGH EQUITY3,036 availableProperty in the county, home value up to $250,000, single and multifamily, high equity, 5+ year ownership, one per ownerSENIORS with LOW FINANCIAL STABILITY SCORE (FSS)1,428 availableAge 50-89, 15+ year ownership (ready to downsize or transition to assistance), owner occupied, single family home home value up to $250,000 with Low FSS.

Worst seller segment - filled with people with no equity, no drive to solve their problems, etc. etc.Watch this 10-minute video from Phil Pustejovsky - "Is Buying a Foreclosure a Good Idea?"

But the principles of commercial real estate apply to all segments.

Properties in New Orleans often remain on the market for more than thirty to sixty days for a variety of reasons, some of which make the market distinct.