Help Those Who Deserved To Be Help
Today I like to talk about Good Tenants and Bad Tenants.
From the start of owning properties, I have met both good and bad tenants. I would say the ratio is 20 good ones and 1 lousy one.
In the past, I would give the bad tenant more leeway, more time to pay, pay some now, pay some later. I would “accept” their excuses and let them pay late.
Somehow i would sabotage myself and imagine myself in their shoes, struggling business man who was facing customers paying late, hungry kids crying for milk powder and my old car with broken air con. That was me loooong time ago.
Today, I have grown wiser, yet somehow, I still make the same mistakes. I am going to spend energy over the next few days to take this self-sabotage out of my system. This stay home time is good for decluttering, both mental and material.
Few days ago, I made the decision to cut these energy-zapping tenants out of my life so I can have more resources to help the good ones.
But first, I must identify these tenants accurately. They have these patterns :
- Tell lies like wife kenna covid.
- Tell big stories like next tender coming.
- Tell sad stories like no milk powder for my kids (using my own stories on me… clever ! )
- Disappearing acts – they change phone numbers, change appointments or no sound no sights.
- Quick to make promises, and then cannot keep.
- If can get them on the phone, they appear weak and tired. But when see them in coffee shops, they wore with Rolex watch, drive luxury car and a nicely ironed shirt, hair neatly comb, neat and tidy.
- As I have lots of respects for elderly folks, they can sense it and always tell how old they are.
Once, I have classified these troublemakers and made a decision, there are two Methods I can use to get paid :
Method (1) Lawyers
Method (2) Debt Collectors
Note : I would only use the above two methods when telephone calls, emails, texts and face-to-face meetings result do not produce results.
I have tried Method (1) before. Its lengthy and not effective against someone who knows our legal system. I have to drain more energy, especially mentally and emotionally. I believe it will still work in the long run.
Method (2) ….. not sure yet. Seems to be effective according to reports and reviews collected over the net. I have no experience. If you have used their services before, please share your experience with me below or PM me.
Times are going to get worse before it gets better. I am willing to help good people. However, to the crooks, sorry… game over.
Guys, if you know of any other ways, please share below.
Thank you.
Love,
Marko
Investor, Practitioner and Full-Time
