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RE: Tenants: Your Most Important Asset in Rental Real Estate
This is so important as my early experiences were horrible as I did not invest time screening potential tenants. Once I learned the hard way with losing lots of money, I learned two important aspects. First, screening and establishing a respectable relationship is important. Second, if you sacrifice short term cash flow in could lead to a long term gain. I now have two great tenants, one who just entered his third year and the other almost nine years! The long term has worked out for sure!
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Yeah man, tenant screening is huge.