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Tenant Troubles: Update

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I want to thank those responding to my article on Friday. I had some tenant troubles, and you helped me out by giving your advice. In fact, it was the most advice I've ever gotten. Overwhelmingly you said what I thought was right - let my tenant break her lease without penalty. A few of you mentioned that karma would make it right. I don't believe in karma, but perhaps you were right.

I had my real estate agent list the property and in less than 24 hours we had four prospects. One of them dropped out, and we were able to narrow it down to the top two. I liked one particular couple, but the other possibility had almost as good financing and asked to sign a two year lease. This is a great surprise as I won't have to pay the agent next year - if all goes well.

It's always a stretch to think that things will go according to plan, but I will be better off if it does.

Posted on May 22, 2007.

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4 Responses to “Tenant Troubles: Update”

  1. What kind of cut does the agent take for rentals in your area?

  2. dong says:

    That’s great. I’m suprised they wanted to sign a two year lease, but that’s good for you. I’m glad the karm thing worked out.

  3. Brian says:

    Sounds like a win-win situation. She can happily go on her merry way, and you now have a 2 year long-term tenant. Hopefully the new tenant will be as good, but it sounds like they have some big shoes to fill. We’re still trying to figure out of being a landlord is the next step we need to take in order to keep the amount we owe to Uncle Sam down (being DINKs). At this point in our life though, the hassle outweighs the savings.

  4. Jonathan says:

    Glad it worked out for you. I think it would have worked out either way, but you feel better about it, it’s also a plus.

    I do believe in Karma :)

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