Wrestling with Dangerous Deadbeats

By now everyone has heard the terrible news about Steve Irwin’s death. I don’t know but I’m getting tired of doctors on T.V. going into the most intricate details about deaths like that.

By now everyone has heard the terrible news about Steve Irwin’s death. I don’t know but I’m getting tired of doctors on T.V. going into the most intricate details about deaths like that.

"The Aussie naturalist died instantly," one said.

"No, he was still alive when they got him to the boat," another also said. "It was theoretically possible."

Please, not while I’m eating, which is what I’m usually doing while I’m watching T.V. I have to multi-task don’t you know.

Steve was playing a dangerous game with dangerous animals, reptiles and fish. Well, to be blunt about it, if that same accident had happened to a CPA on vacation I would have actually been surprised.

Here’s an important point. Everyday I’m bombarded with landlords who are ready to give up because of dangerous tenants. Tenants who lie, steal, destroy property, and like that stingray, will defend themselves if they feel threatened.

I’ve got one important piece of advice. Don’t go there. I repeat. Don’t go near dangerous deadbeats and don’t let them near your properties. Why deal with them if you don’t have to? Who said you have to rent to them in the first place?

There are many absolutely legal ways to keep dangerous off your properties. The most important way is to check out that person’s background. Where was that person a year ago? What was he doing? Who was he renting from? Getting this information is not hard because of all the sources we have available to us nowadays. In fact, it’s quick and cheap.

What we’re discovering is many landlords in trouble did not do a thorough investigation. In fact, a lot of them didn’t do any investigation. They didn’t know they had deadbeats on their hands until it was too late. Then they had to go through the excruciating, nasty, harrowing process of getting those deadbeats out. It could have all been avoided.

Steve should have stayed away from that stingray. He’d be alive today if he had taken ten and had a cup of coffee with the mates. Hindsight and common sense have enlightened us to that fact. But many landlords would be free from the biggest problem facing investors who want to buy and hold properties if they would also steer clear of who can be just as deadly to their incomes.