Member Login

Login
money_back_guarantee.gif
All Courses are backed by
100% Money Back Guarantee
Advertisement
Campus RSS Feed
Property Education

Online Real Estate and Property Investing Courses, Seminars and Training

You don’t need a degree or to be a guru to be successful in property investing. You just need to know how real estate investing works and what are the rules. We give you all that. All the information investors would have loved to have before this last downturn.

Campus makes it possible for you to learn about property from the comfort of your office or home computer, anywhere, anytime, at your own pace.

Most property investing courses and workshops are now "Instant Access" and some scheduled throughout the year for your convenience. Seats are though limited for each course due to licensing of software. Make sure you book your courses well in advance to avoid disappointment.

With the purchase of any property investing course you get free one year access to Property Investor Network Forum.

For pricing visit the Property Investor Network Shop .

Bad Tenants Can Run But They Can't Hide

This is a very painful subject for those that already have bad tenants or have encountered them in the past. But it doesn't have to be this way. Even if you had problems in the past you can get good at letting and avoid problems in the future.

If you have the correct procedures in place, if you know what you are doing, you will not only have very few bad tenants but those you will have will run very fast instead of becoming squatters. And after all the worst is always a squatter, an absentee tenant may leave a few debts, which may be colleted in the future, but a squatter is a persistent problem that creates every month loss of income.

If bad tenants notice that you are smart and swift and don't give them leeway, they also know you will chase them down because you have their information the processes and the control in place. In this case most tenants that have a bad intent won't last a very long - that is...... if they even managed to get through you screening process in the first place.

But if you didn’t do the process correctly, from the beginning, you may have to write off some bad debt from the past. We all have some learning fees to pay. Ask me…. I paid mine in the thousands before I got where I am.

Of course, nothing is guaranteed, there will always be problems. If you are not willing to face problems, you should not be in business. All business people will have some bad clients, and when you do, you need to be prepared on how to handle them and know how to chase them down.

Is it worth chasing tenants down for payments?

Sometimes it is, sometimes it is not – but if you have processed your applications correctly for all the tenants you have, with all the information – then you will have the means to trace them down, list them so they won’t get rentals from others, put them on ITC and get a collection company, to follow them and get your money back.

In essence, it is all about how you handle your letting business, having the correct processes and acting on them without fail.

These are a few pointers on how to deal with your current bad or problematic tenants. This does assume that you have been a landlord that has dealt with the tenants legally and you have a good lease agreement to back you up in case of need.

1. Do not give leeway to non-payment. Immediately communicate and ask for the missing payments continuously and consistently.

2. Act immediately and swiftly. Do not threaten to call the Rental Housing Tribunal, instead call them if the situation warrants.

3. Act according to circumstances and do not exaggerate. If the tenant is missing 50 bucks in the rent don’t threaten them to sue them. It even sounds funny and they won’t believe you. Tenants are not stupid.

4.  Negotiate before you threaten – a lot of people threaten with lawsuits real quick. This was never an effective way of getting anything. Of course you will turn to the law if necessary, but do not start off with such threats. Understand what the problem is and if the tenant is in the wrong explain the law to them. For example: if a tenant is committing an unfair practice by not paying the rent you need to explain this to them. Ask them if they wish to be relieved out of their contract if they can no longer afford the rental. In the workshop you will get processes to do this legally and in a way that you the investor are protected and your rent lease is paid each month without fail.

5. If you see you are dealing with a professional squatter and (we talk more about who these people are and how to identify them in the workshop) turn to the law immediately.

These are some small things you can act on immediately, in the workshop we put the whole process together to create a clear picture of how to handle issues and what to do. 

Comments
Add NewSearch
Peter Lung - Mr   | 196.31.43.xxx | 2008-04-01 02:15:13
I am avidly following your blogs.
Can't wait to do the course.
When do you put your foot down and change things. I have a tenant for 2 years. His rental is due on the 1st of the month, it has now crept to around th 4th.
My rent agent was great till about 9 months ago. I now phone to enquire why the rental has not been paid into my account, no quarterly inspections, repairs done without informing me.

These are niggling problems.
Sue Bramhall - Miss   | 196.28.152.xxx | 2008-04-02 01:41:36
Interesting points. I have a neighbour who has been breaking the law for 6 months by parking a 10tonne truck on the pavement bringing the close we live totally down and causing parking problems for the rest of us. Not to mention it is illegal. The owner has now sent a lawyers letter asking him to evict the premises but this guy doesnt seem to be too bothered and just carries on parking his truck and paying his rent late etc. We can call the cops and he will get fined however he then starts victimizing people in the close when this happens. Any ideas? What happens if a tenant ignores an eviction notice from a lawer?
tulbagh   | 198.54.202.xxx | 2008-05-06 15:08:52
I am a private investor with a portfolio of 10 properties.

In the past 5 years of letting property this is the first time i had to evict a tenant. I have appointed a lawyer to handle the eviction as i am not too fimiliar with the laws.

This is the situation I have a tenant who has not paid rent for 2 months. We are actually going into the 3rd month now. Lawyers have sent letters of demand and notices. They also instructed the sheriff to deliver these notices.

Tenant must be out by end of this month according to notices.

What do you guys think my chances are of having the tenant evicted.

It is not a family with children or old people just a young couple who are educated and healthy to work. I know the courts sympathise with old people and children.

What happens if after eviction is granted by courts tenant still refuse to move.?

Does anyone know if the letting course will be offered again in person besides the online courses. Online is convenient but i also like the personal interaction you get when attending workshops.

I must say i am learning alot from here.

Any points are well appreciated.
Anna-Marie - Bad tennant can run but not hi     | 198.54.202.xxx | 2008-05-23 05:38:52
Yes, it seems like people do become bad tennants in a whisk. They even run away during the night. Would like to attend your course.
Keep us posted.
Noel - BAD TENNANT   | 198.54.202.xxx | 2008-10-09 09:28:29
hi
please let me know if you know of anyone
that can assist me not with words but
actual facts about tracing a tenant
that moved out and gave false forwarding
address
Lynne - Nailing bad tenants   | 196.207.35.xxx | 2009-01-29 14:57:53
Can anyone tell me if there is a register of bad tenants? If not, I think it's time it was started. I've just been caught by professionals, and have been left with them owing over R29k. I went through the rubbish they left behind and found which schools their kids attend and have followed them to their new address. Not a pleasant task though!
Esme Cloete - What is my rights as e tenant   | 41.243.248.xxx | 2009-04-14 05:07:18
I sold a frailcare facility to my current landlord and is renting it from him for the last 7 years. The lease is up on the 28th of Febuary this year and I have been asking him since a year ago to tell me beforehand so that I can build another facility or relocate my patients.He gave me notice on the 3rd of December 2008 and I now have not enough time to find a appropiate facility to move my patients to. I want some more time, at least to the end of the year.He is contacting my patients and tell them to sign an contract with hinm for their care and stay where they are. I will then loose 17 years of building a buisiness and name.He do not want to offer me any financial compensation.He also want my staff to wordk for him.He hands my cliets letters left right and centre and the staff to convince them. He go as it please him in the frailcare. I pay R35 ooo rand a month rent.It is a 28 bed facility.He says he is going to evict me at the end of the month.
Write comment
Name:
Website:
Subject:
Security Image
Please input the anti-spam code that you can read in the image.

Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved.





Digg!Reddit!Del.icio.us!Google!Live!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Spurl!Wists!Simpy!Newsvine!Blinklist!Furl!Fark!Blogmarks!Yahoo!Smarking!Netvouz!Shadows!RawSugar!Ma.gnolia!PlugIM!Squidoo!BlogMemes!FeedMeLinks!BlinkBits!Tailrank!linkaGoGo!Free social bookmarking plugins and extensions for Joomla! websites!
 
< Prev   Next >

Questions or Support

Have a question about a Course, Curriculum or need Support?

Call Us on (087) 5500 873

Student Reviews

As a relative newbie to the property market - from a purely investment point of view; I found the Calculating Residential Investment Deals course very informative and easy to follow.  I am wanting to get involved in the rental  / development market and feel that I am getting better equipped to do this as a result of learning and expanding my understanding. Joanne du Plessis





Digg!Reddit!Del.icio.us!Google!Live!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Spurl!Wists!Simpy!Newsvine!Blinklist!Furl!Fark!Blogmarks!Yahoo!Smarking!Netvouz!Shadows!RawSugar!Ma.gnolia!PlugIM!Squidoo!BlogMemes!FeedMeLinks!BlinkBits!Tailrank!linkaGoGo!Free social bookmarking plugins and extensions for Joomla! websites!
 
I would like to thank you so much for putting this course together and making it available to the public.  I have been selling property for a number of years and I still learnt so much from this course!  It is invaluable.  I highly recommend any Estate Agent to take this course to enhance their property knowledge even further.  Gina Hamlyn (Property Broker) - GINA HAMLYN PROPERTIES, KZN




Digg!Reddit!Del.icio.us!Google!Live!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Spurl!Wists!Simpy!Newsvine!Blinklist!Furl!Fark!Blogmarks!Yahoo!Smarking!Netvouz!Shadows!RawSugar!Ma.gnolia!PlugIM!Squidoo!BlogMemes!FeedMeLinks!BlinkBits!Tailrank!linkaGoGo!Free social bookmarking plugins and extensions for Joomla! websites!
 

The Calculating Residential Deals course was excellent, outstanding, clear and very well presented. I can now see the difference between an investment property and a home ownership property so clearly. Jessica Huston  - CT.





Digg!Reddit!Del.icio.us!Google!Live!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Spurl!Wists!Simpy!Newsvine!Blinklist!Furl!Fark!Blogmarks!Yahoo!Smarking!Netvouz!Shadows!RawSugar!Ma.gnolia!PlugIM!Squidoo!BlogMemes!FeedMeLinks!BlinkBits!Tailrank!linkaGoGo!Free social bookmarking plugins and extensions for Joomla! websites!
 
I did the initial Calculating Residential Deals workshop and refreshed my knowledge with the online course.  The course was well presented and the course materials up to date and informative.  It eased me into understanding the key financials behind decision I had been making instinctively.  Upon completion of this course, I now knew not just which numbers to calculate or how to calculate them, but more importantly, I knew how to read and understand them.  This basically gives the rounding off to your gut feeling when deciding to buy an investment property or not.  We often hear people say that you need to fall in love with the numbers/financials of an investment and not the unit itself ... well, without this course I would not have been able to do so.  I am now able to make sound financial investment decisions as I actually understand what I need to look for or where I need to change my offer to ensure a desired outcome.  

Probably the most important part of all of this is the fact that my understanding of the numbers/financials now give me an opportunity to put together a much better request for finance document for the banks than I could previously do.  Once you can show a bank, in their own language, why something is a sound investment, you won't struggle as hard to get financing and support.  All in all, I think it the course was value for money, filled with good content and ultimately, and a necessity for any property investor. Eugene Pienaar - JHB





Digg!Reddit!Del.icio.us!Google!Live!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Spurl!Wists!Simpy!Newsvine!Blinklist!Furl!Fark!Blogmarks!Yahoo!Smarking!Netvouz!Shadows!RawSugar!Ma.gnolia!PlugIM!Squidoo!BlogMemes!FeedMeLinks!BlinkBits!Tailrank!linkaGoGo!Free social bookmarking plugins and extensions for Joomla! websites!
 

Thank you for the Calculating Residential Deals course, it was a real eye opener for me, I wish I could have taken this course some 3 years ago when I made some pretty bad buying decisions. Now I will try to sell those properties and start investing in properties that will make me money. Joshua S., JHB.





Digg!Reddit!Del.icio.us!Google!Live!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Spurl!Wists!Simpy!Newsvine!Blinklist!Furl!Fark!Blogmarks!Yahoo!Smarking!Netvouz!Shadows!RawSugar!Ma.gnolia!PlugIM!Squidoo!BlogMemes!FeedMeLinks!BlinkBits!Tailrank!linkaGoGo!Free social bookmarking plugins and extensions for Joomla! websites!
 

Having recently completed the above course at home, I enjoyed being able to do the course at one's own pace. The audio and visual impact of the presentation was effective, improving my concentration. Manipulation of the variables entered as lumpsums and additional monthly payments was most insightful. Generally there were many useful tips and facts given by the tutor and this was also enlightening and helpful. Richard Fouracres - Ladysmith KZN





Digg!Reddit!Del.icio.us!Google!Live!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Spurl!Wists!Simpy!Newsvine!Blinklist!Furl!Fark!Blogmarks!Yahoo!Smarking!Netvouz!Shadows!RawSugar!Ma.gnolia!PlugIM!Squidoo!BlogMemes!FeedMeLinks!BlinkBits!Tailrank!linkaGoGo!Free social bookmarking plugins and extensions for Joomla! websites!
 




Digg!Reddit!Del.icio.us!Google!Live!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Spurl!Wists!Simpy!Newsvine!Blinklist!Furl!Fark!Blogmarks!Yahoo!Smarking!Netvouz!Shadows!RawSugar!Ma.gnolia!PlugIM!Squidoo!BlogMemes!FeedMeLinks!BlinkBits!Tailrank!linkaGoGo!Free social bookmarking plugins and extensions for Joomla! websites!