4 ms·

> On the other hand, as in technical hiring, it is probably better to miss 10 good tenants rather than rent to one bad one. Right? Sure, if there is a shortage

by nokcha 7y ago

> On the other hand, as in technical hiring, it is probably better to miss 10 good tenants rather than rent to one bad one. Right? Sure, if there is a shortage of housing and surplus of potential tenants. But in areas where there is a surplus of housing, it might be better than fill a unit with a tenant who has a 15% chance of not being able to pay rent (but who is otherwise a good tenant) than leaving the unit vacant for a year.

Nacraile 7y ago
> it might be better than fill a unit with a tenant who has a 15% chance of not being able to pay rent That's nowhere near the worst-case "bad tenant". The worst-case scenario takes months to evict and leaves behind tens of thousands of dollars of property damage. There might even be some personal harassment thrown in just for good measure. Avoiding such a tenant is absolutely worth missing some opportunities to fill the property with a paying tenant. Not that missing rent this April 1 is likely to tell you much about that particular risk.