At this time of year we are all looking at what we accomplished this year and what we hope to accomplish next year. If you are a landlord you should be looking at your tenants and deciding which of them should be eliminated.
Now is the time to do that. Presently in Westchester County, New York there is a real tight rental market and it may become even tighter as the "accidental" landlords, those who couldn't sell their houses so rented them out instead, find they can now sell.
Many businesses regularly weed out the under performing employees. What not weed out the under performing tenants. After all they are kind of like employees, they make money for you.
If you have any tenants who have become bad tenants, who don't pay their rent on time, who don't take care of the property, who don't follow your rules, or who just complain too much, decide to get rid of them this year. How exactly you do this depends on whether the tenant has a written lease or is a month-to-month tenant. It's not really that hard to evict a tenant if you know what you are doing. Make your life easier and your business, being a landlord, more profitable by weeding out your bad tenants in 2014.
Glen P. Malia
Malia Law LLC--a firm devoted to helping landlords solve problems, protect their assets and make more money. www.thelandlordguy.com