Three Red Flags to Consider When Screening New Tenants

By Andrea Coombes
From MarketWatch

One key to managing rental property successfully is choosing the right tenants, said Janet Portman, an attorney, author of "Every Landlord's Guide to Finding Great Tenants" and a managing editor at legal publisher Nolo.

Often, that decision goes dreadfully wrong. "Landlords who don't screen carefully end up with poor tenants," Portman said. "When they have to evict...they almost always come out on the losing end financially.

That's because evictions often drag on for a long time, she said. Plus, "to rub salt in the wound, if the tenants want to take revenge and trash your property, then you've really been burnt -- and that happens all the time."

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