The tenants I just placed in the condo are now leaving. They called me to say that the principal wage earner is having job difficulties and they want to move in with relatives. Despite signing a one year lease, and having a co-signer I could theoretically chase, I am going to release them after just one month. I would rather have a tenant self report difficulties and volunteer to leave, rather than deal with a tenant that is in denial, loses his job then just stops paying rent, eventually requiring me to evict them.
It is a pain, but one of those cost/benefit decisions you make as a landlord. Fortunately I will just have to re-list my craigslist ad as the photos are still current.
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