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 Black list tenants, got list???

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mrPOTATO
post Dec 15 2011, 11:20 PM

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Reading all the posts, its obvious u all are being too soft (hearted) & the tenant senses that easily if they are the veterans in this game -> game over. We need to compile a TO DO & NOT TO DO list, the guerilla warfare manual for landlords.
mrPOTATO
post Dec 16 2011, 12:04 PM

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QUOTE(puchongite @ Dec 16 2011, 09:40 AM)
You sound awfully confident, I am not sure if you are black society taiko or what, but I always have opinion that there is not much a landlord could do. If you follow proper procedure, by the time you could get some real action taken, the tenants would have owed you a few months of rental.
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QUOTE(puchongite @ Dec 16 2011, 10:28 AM)
What other wiser choices ? It's better to do this than you scold, shout, curse, swear .....or write legal registered letters, reminders .....
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U said it yrself.. there r solutions out there. I'm sorry if i ruffled some feathers cos i am myself really agitated when my tenants give me extra things to worry about so i really prepare myself, sit down to figure out what might happen b4 things happen.
Is it legal or right for tenants to default on their TA ? No right, and yet they can get away with it, how come ?
Reading azizi's book on landlording might help in some way.
Besides that, reading up on problems feedback'ed by landlords in forums & getting your personalised response strategy in place B4 things happen will head off many loopholes exploited by prospective tenants.
The law is the framework, the TA is the backbone, but there are many other things & ways out there to deal with tenants that comprise the tentacles.

Guerilla tactic of dealing with tenants, amongst others :

TO DO
- be stern & serious 1st time meeting prospective tenants
- do HOMEWORK on reworking your TA, learning from your past bad encounters & reword the TA
-

NOT TO DO
- too accomodative/smile too much/undecisive eg "uh... ah ...maybe.."
-

Other landlords pls feel free to share ..
mrPOTATO
post Dec 16 2011, 01:18 PM

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QUOTE(puchongite @ Dec 16 2011, 12:31 PM)
Fair comments from the post above.

Regarding cutting utilities, I think it's effective but I am not 100% convinced that it shall be legal to do it for standard tenancy agreement. I think I shall include this clause, "the landlord reserves the right to cut the water and electricity supply to the premise if there is late payment of rental more than 1 month, and the costs to resume the utilities shall be bond by the tenant".
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Yes, that should scare the pants off the tenant if they thinking of any hanky panky, would be good if any lawyer can confirm legal or not, but legal or not at least tenant knows we are ready to fight flex.gif Also bold the words but 1 mth is quite long. Must have some other stopgap measure in between, mayb charge late interest, call tenant daily, enter the property look see. .
mrPOTATO
post Dec 16 2011, 03:32 PM

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Nope, the problem is not the law wholly. The problem is landlords are afraid of the law smile.gif

A former DG of law enforcement agency said in a talk - there is a opposite contradictory dimension between law considerations & commercial considerations. U just have to know how to go about it without breaking the law wink.gif

Eg. No deposits allowed in selling houses. Tell me, how many court cases have been brought to court in this ? ALL developers would have been out of business if the law is followed !

Study the law & make smart moves.
Not..
Study the law & sit still.

mrPOTATO
post Dec 16 2011, 04:36 PM

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QUOTE(puchongite @ Dec 16 2011, 04:00 PM)
You are precisely correct, the tenants are not afraid of law but the landlords are. You can sue the tenants pants off, you can't get them to bankruptcy, the sum of money involved is too little. You waste a lot more time and money. But if the police put the landlord into lock up for a few hours, he will curse mother and grandmother for at least a week !

Seriously it's your choice, whether you want to go above "proper procedure". Like the case of you say you want to enter the premise, let me be a bit more blunt, you are already breaking the law !
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No, the landlord is not biggrin.gif
Learn from how some landlords are successful, as i said, azizi's book is a good start. After that is adapting from one's bad xperience.
Have u wondered why some landlords consider property rental such an enjoyable past time ? $$ come .. They do it the right way !
U gotta INTERPRET & USE the law, not BREAK it.
The landlord who is in jail is not smart definitely haha ..
Enuff said, too much analysis is paralysis, nothing ever comes to fruition without some effort.
Cabutz ..


Added on December 16, 2011, 4:38 pmFinal advice.

Listen to hitz.fm gotcha. Can learn a lot how to get the response you want without actually doing the things they said they did which they didn't do .. *not breaking the law* smile.gif

This post has been edited by mrPOTATO: Dec 16 2011, 04:38 PM
mrPOTATO
post Dec 29 2011, 01:37 PM

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The market is not perfect - thats y some ppl lost $ in stk mkt yet some profit, some ppl biz go bust but others successsful, etc.

Same with all sectors, some ppl know less & some ppl know more & yet some ppl do not know/care abt law, therein lies the loophole for landlords.

Regardless of the law, does everybody follow it ? Again, this is another landlord's potential weapon. . thats why there are so many court cases even if there is a law already written abt it. If landlords are scared of going to court, so are tenants (more scared ?), again another psychological advantage to landlords.

Developers are viewed as the stronger party compared to purchasers in the law, same that landlords are viewed by courts a stronger person compared to tenant, so the courts normally try to protect the weaker party.

Why does the law view landlords as the stronger party ? This is food for thought .. how can landlords leverage on their 'stronger' ground to their advantage in dealing with tenants ? It would be a sad case indeed if landlords see themselves as weak & powerless.
mrPOTATO
post Dec 30 2011, 12:15 PM

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QUOTE(hoongling @ Dec 29 2011, 10:24 PM)
At this juncture, I can't help but to emphasize that when buying properties we are all taught LOCATION, LOCATION, LOCATION. In being a landlord it is TENANT, TENANT, TENANT.

I would rather leave my property empty in search of ONE good tenant, rather than spend much time, headaches and hassle to go to court, dealing with lawyers etc when things go wrong later.

How I choose (just to share):
1. I ask where he works and how long has he been in the job. I would call the company to find out his salary etc. Better still ask him if he is willing to answer.
Some may find this ridiculous but bear in mind I am letting you a 100k 200k 300k property at only 1k+ per month and since it is a monthly business, I deserve to know. I can't be renting a 1k property to someone making only 2k per month, 50% for rental is ridiculous (assuming he is a single tenant)

2. I do background check by asking where he rents prior to wanting to rent my place, how much was the rental and reasons to move. I will also ask former landlord's phone number. If he hesitate to provide, don't even need to check blacklist listing lor... understood.

3. Prior to entering the house (confirm rental) I walkthrough the house with him, sit down explain my rental agreement clause by clause and ensure he understands before he signs. Many people don't do this and find arguments later

4. To encourage early payment, I give discounts if he pays rental before the 1st of the month.

These are not new tips, these are all learnt from books and attending seminars. Just sharing only.


Added on December 29, 2011, 10:33 pmEh just found out there is a thread just for laws la... so useful!
http://forum.lowyat.net/topic/2138486
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Reminds me of my ex-landlord, i'm frightened of her, just coop myself up in my room when she's back tongue.gif

QUOTE(jessy123 @ Dec 30 2011, 11:38 AM)
i also agree with you that tenant screening is ultra important - if you rush to rent it out as you are heartsick or need the money as there is no rental as its not tenanted, trust me there will be more  headaches if you rent to the wrong tenant! so essentially you have to be able to sustain the vacancy costs in between rental while you look for a good tenant.

Yes, generally the laws are on the tenant side..the landlord/owner's options are very limited and even with these options, its a hassle to get it enforced legally ..cost time and money..Generally lawyers will say - the amount of legal fees and time you have to go through to claim for compensation or whatever, in the end do you think its worth it? so they also in a way malas to take up such cases..
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I really hate the hassles .. messes up my peace of mind, so i don't let them have a comfortable stay if they give me headaches.. they give me hassle, i serve some back, give & take in the relationship. Its like the reinforcement theory for dogs, if they do something good, feed it IMMEDIATELY, if they misbehave must IMMEDIATELY correct it, they they know who the master is biggrin.gif Just using some strong words for illustration hahah.. I keep some 'hassles' in my bag of tricks so whenever tenants misbehave i have something to remind them that they won't have a peaceful stay.

 

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