In life, business, work environments, networking events, and relationships; there are experiences you wish you never had?, There are scenarios you’d rather not play lead role in, and most definitely if you could turn back time; there are costly mistakes you’d rather not make.
This is not a random post, I was in the shower today and I thought, if mistakes were so common? Why do folks keep on making them? And I felt a sense of urgency to alert you of 5ive Costly Rental Mistakes a multitude of landlords, investors, and property managers often make. Thank God I discovered blogging; I doubt I’d do too well shooting a YouTube video with my current Don King lookalike hair, my quiet husband and my 2 kids as backup or panellists.
5ive costly mistakes you may, can or have made!
- Lack of Thorough Screening
- Insufficient Property Inspections during the lease
- Renting to family, friends or co-workers
- Being desperate to rent a property because its vacant
- Ignoring red flags and gut feelings
If you read through this list and are nodding, its affirms 3 things which are
(i) its happened to you or someone you know
(ii) rectifying the situation must have cost you a lot in money, time and emotional distress
(iii) You really can’t and don’t know: what you don’t know?
Personally, I think mistakes are awesome, I paraphrase President Obama’s response to the Prof. Henry Louis Gates Jr. “They present a learning opportunity” for anyone.
Good news is we’ve all been there, done that, and heck we got t-shirts to show for it; Take a guess? mine says ZeroVacancyGal. Here’s something soothing from my ZVG Playlist
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With head and heart