Plus- I rented it under-market because I was so motivated to get it rented, so I had 3 applications in just a few days.

Plus- I rented it under-market because I was so motivated to get it rented, so I had 3 applications in just a few days.

@Jose Castillo thanks for the continued motivation!!!

To Kenny:  I like your idea of offering to return his security deposit sooner if he lets me come in and paint - that is a good motivator!   

Tenants aren’t generally motivated to pay on time unless there’s a financial incentive to do so.

The fear motivates me to never let that happen.

I suggest properties occupied by investment grade public companies or strong franchisees/operators of national brands with 10+ years remaining on the lease contract. 

It is highly unlikely that any other investor will outbid you at a foreclosure auction to acquire the remaining half of the co-owner's half interest in the property -but in the very unlikely event that someone does outbid you, then you'll have recovered the majority of your costs, plus interest and you'll get a new and likely better partner. 

Include a simple statement that all other terms of the original lease remain in effect unless specifically changed in this extension.

College student, Motivated to learn and grow.