How to Spot and Avoid Professional Tenants | Envy Property Management
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- Опубликовано: 15 май 2024
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Envy Property Management was founded by Tanya Jensen, a third-generation real estate investor, and her husband Nick. With the mindset of being investors, they focus on utilizing technology and systems to create efficiencies and value while striving to build lasting relationships with both the investors they serve as well as the hundreds of tenants they place.
Envy Property Management provides full-service property management services in Utah serving Salt Lake County, Davis County, Weber County, and Morgan County.
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Definitely do you due diligence before renting. She gives great advice on what to look for. That being said if you had a tenant who has been paying on time for a good number of months or years you can have a heart and cut them some slack if they have trouble paying on time once and awhile. Especially if they have kept the place clean and not caused trouble.
Yes, I agree. We have to use wisdom and compassion when a tenant has a real problem and be willing to help them out.
My father dealt with professional tenants his whole life. No matter how many thousands of dollars he lost and stress and geadaches he got, he refused to get a property manager. When i purchased a rental unit i immediately got a property manager who worked with a major company. A professional tenant won't go near a property that is managed well and backed by a well known (well funded) company with lawyers at the ready. Well worth the cost. Peace of mind.
This is why I don't own rental property. I just don't want the headaches of this type of investment.
There is another thing landlords can do to help their cause and that is to pressure elected officials to change the laws to favor legal tenants and landlords, and stop favoring squatters.
I remember, growing up, my dad showing a second home my folks had in our neighborhood available & were showing...a woman came up, I'm not sure with or without a kid. But I distinctly remember her being vocal about the fact that she was the aunt of a little boy who had been shot in a rougher part of the county(it had been on the news, very hot topic). And my dad said he felt bad for her til she started talking about moving her man in & she was the sole applicant & perspective leaseholder.
I did feel bad (had to have been 14/15) because by virtue of my being born into an upper middle class family...I got to live in a nice home, in a safe neighborhood....and some other kid, a few years younger did not get that & lost his life.
At the same time, I understand that people do things & make decisions (often repeat ones) that make them *extremely hard to help* & the chips fall where they do.
But to assure you're not part of a person's next mistake, you have to decline. protect yourself first.
Criminal tenants says it all.
Criminal property management companies says even more. Look up AMC Property management as one of the most notorious examples, what they have been up to and why the Department of Justice are now after them and many other property management companies as well. They steal far more than any so called criminal tenants and cause far more harm in communities. Fortunately now they are being rightly treated more and more as a form of organized crime, which essentially they are.
Get a good lawyer and stay the course. I had 2 losers who tried this and I let the lawyer take over. 2.5 months gone lost money but i got my property back and will make way more money now. This is a spot on video.
She tells no info. Just shilling for her company.
You should go down to the court to check the landlord tenant data base. And remember being a landlord is a business not a charity. Pay for a credit check and remember this is a business.
We do a credit check and check for evictions. If they have good credit and no prior evictions, then we move on to check their employment status and finally previous landlord. We do not bother with their current landlord because if they are a bad renter then their current landlord will say anything to unload them onto someone else.
@@koreyb Yep.
I’m a renter, but I’d also add the potential tenant that brings extra guests to view the unit. They’re usually more critical and nit picky
Also if you cannot verify their information, relatives, friends, prior employment, no one answers the phone, then you cannot verify and should presume it is not real. Any time they come with a story, its a story and you are going to pay dearly for being a sucker. Sucker = good hearted fool.
Listening to any story is stupid. So many low lives out there.
In Texas we call them Crooks, Grifters and Bums. They are the ones who can't pay their rent but drive a new BMW... There is a great movie call "Pacific Heights" every landlord needs to watch.
Great Movie.
Thank you so much for the video. Professional Tenants should be a crime.
It is better for a rental property to sit vacant than to provide housing to a loser (The professional tenant).
100%
Said nobody with any understanding ever.
Go with a pro. And protect yourself in an LLC, umbrella insurance too.
@@ObakuZenCenter I do exactly that. My property is mine and I owe no one access to destroy it or rob me of its revenue.
What is this "understanding" you babble about?
*to sit vacant with good security
Vacancy itself is a liability.
If you have the option of staying yourself or hiring family to sit for you....do THAT
off topic
during christmas season watch out for professional moochers in parking lots of sam's or costco.
my mother is in the hospital 200 miles away and i need gasoline to get my truck which has been broken down for two months back on the road again because she has cancer and i need to visit her. actual conversation december 2023 sam's parking lot ft. smith, ark.
Also only rent out a property that is mortgage free.
If u do get stuck u will be able to ride it out
Without loosing the property.
Beware. Some California cities made it illegal to ask a rental applicant if they have criminal history or do a criminal history background check. Oakland in particular does this. Therefore, a landlord must do their due diligence and set the bar high when screening and approving a tenants.
Good renters need a landlord database on properties that have had frequent tenants due to shifty landlords behavior, creepy neighbors and refusing to fix basic required utilities.
Amen. This may be a business to the landlord, but a renter is looking for a home. There aren't enough protections to for people who are on that end of things.
Sharing everywhere!
I don't feel bad for anyone, I don't believe anyone. I'm retired law enforcement and Combat Security Contractor, I have fought in multiple conflict zones and have done everything that job calls for. My heartstrings don't get pulled my Colt gets pulled. When I was a landlord for 7 years until I sold the property my renters figured out very quick I was not one to mess with.
This is exactly the reason I use when I argue that active duty law enforcement should not be a career, rather than a temporary position with mandatory breaks that include therapy and psychiatric evaluation before reinstatement, it makes people who do it for too long jaded and unable to trust anyone. Worse yet, those who wouldn't have that issue are generally more resilient because of some sort of preexisting form of psychopathy or sociopathy which can be made more severe by having the position of authority, making them a terrible candidate for anything but the worst parts of that job.
If you wouldn't mind indulging me, I'm curious if you would say that outlook, not believing or feeling bad for others, has damaged or been detrimental to your interpersonal relationships with family, friends and love interests?
My ex wife was one of these
She quit her job soon as we moved in together
Refused to pay her half on rent
Check EVERY reference AND call the employer... from a public number not the one provided.
The contract has to fit both parties. If it doesn't fit the landlord, wait for a different renter.
I have tenants been there 3 years they have always paid rent however they are late with the rent check due on the 1st frequently not getting the check until the the 7th to 10th day of the month. the lease has a late fee but i have not collected it ever. What should I do in this situation? I know I should have sent them a late fee but I did not.
You must charge the late fee moving forward. Tenants will try to talk you out of this, but stick with what your lease states and don't back down. They will learn quickly that if rent isn't paid on time, they'll be paying a late fee. It only takes a time or two of this added expense for them to figure out how to pay rent on time.
@@EnvyPM Thanks
Do you have offices in Vegas?
We do not have offices in Vegas, we are specific to Utah - Thanks for watching!
So Wise , Thank You .
As an owner operator of a two-family home I would never rent to a section 8 tenant. When you live in the house there's many ways to get them out
Sad you are so prejudiced. Pro landlords undertstand how decent that program can be properly managed.
@@geekfreak618 you're a joke and I'm quite happy since I've EVICTED THAT SECTION 8 piece of shit NEVER AGAIN 😂
@@geekfreak618 right to race card another self-entitled snowflake
What you just admitted to is illegal in some US states and rightly so. It's also stunningly ignorant. Time that you were looked at very closely.
@@ObakuZenCenter 😂😂😂😂 YOU'LL NEVER OWNED ANYTHING SELF ENTITLED CLOWN 🤡🤡 ACT
Being unemployed, this sounds great. I just found my new career. Thanks, Envy Property Management !!
🤣🤣🤣🤣🤣
Being allowed to use “well-regulated” solutions would cure the “professional tenant” problem.
Every kid has a gun now....
FICO scores don't lie.
They can, I know a guy worth 200 million with no credit.
@@mitchhedberg4415 In that case he should be able to pay up front .. I can think of a certain fellow worth billions whose credit and reputation are abysmal , there are even youtube videos popping up in the feed about his multitude of ongoing cases, some of which are headed to the Supreme Court. If he was less wealthy he'd likely be pulling the same sort of 'professional tenant' antics.
@@mitchhedberg4415except someone like that isn’t exactly gonna be homeless while waiting on a rental property to live in. There are high earners with less than perfect credit, they can still get a mortgage though, I doubt someone with 200 million dollars can’t afford to purchase a place on cash…that like the MOST unlikely scenario, and I doubt this lady has EVER even come across that once in her career 😂
Try to find a landlord that even knows which credit score they use. FICO or Vantage for example. They can vary quite a bit, but indicate the same situation. They are manipulated by pros all the time to do what they need them to at a particular time.
Use property managers. Most problems solved.
I guess the term Professional Tenant is new to the US then? It's been here in the UK for at least a decade or two, and refers to a tenant in full time employment.
That's a tenant who is a professional. Quite different than a 'professional tenant', which has been a derogatory term for a loser tenant for decades in the US.
@@harlanjackson6112 Yes, I watched the video. That's what led me to comment.
@@Tenaka30 And your comment led to mine. The term Professional Tenant is NOT new to the US.
@@harlanjackson6112 So you could have skipped the first part and just said that?
Invest in stocks, not properties. No humans involved.
No joke. I have a coworker who is retiring in the next 3 years, got himself a couple of properties, and will take being a landlord into retirement. Why would you want to take that headache into retirement? I thought that was supposed to be your time to enjoy life.
@@Skank_and_Gutterboy Some places are easier to maintain than others, and some areas are easier to find quality tenants than others. Hopefully your coworker at least knows the difference.
@@harlanjackson6112
No doubt!
Like 'Professional Patients'
Professional tenants usually have a joe biden bumper sticker on their car.
🙄
Lol😂🎉🎉🎉 good
Fight fire with fire.
Lawless renters need lawless response.
Vandalism works both ways.
Accidents happen
Pay the local gang members to move them on😮
Where did you get your beautiful top??? 💕
I imagine this problem increases as rent prices continue to skyrocket at an extortionate rate.
More oft the reverse.
I don't want to help anyone