I once had a tenant who broke into the house (after being evicted) and stayed there an extra week without me knowing! I walked into the house one day and he was just sitting on the couch eating chips acting like nothing happened. Unbelievable!
@cherrytung5 жыл бұрын
damn... sounds like a horror story
@Ndasuunye5 жыл бұрын
Would have had a pistol straight in his face. That's a breaking and entering
@jittmet77665 жыл бұрын
If all he did was eat chips, you struck gold there my friend. What SOME choose to do and the way they choose to leave a signature....thank your lucky stars.
@BeANicePerson_5 жыл бұрын
🤯 there really some dirty people n families.
@averagejoe92495 жыл бұрын
Sounds like he was asking for an a$$ whooping
@Esther-ps3vx5 жыл бұрын
Who agrees that Graham is a great storyteller. May be you should have a third channel. Graham the storyteller.
@GrahamStephan5 жыл бұрын
AH THANK YOU!
@kinzieolson63755 жыл бұрын
Financial horror story reviews like “the time I went bankrupt” and “how I ended up with 100,000 in debt” ~MiLeNiAl MoNeY~
@johnp117885 жыл бұрын
Around the campfire. In Graham's back yard...
@JakeTerch5 жыл бұрын
Kinzie Lou I don’t even think it’d have to be about money, just life in general!
@Swimology5 жыл бұрын
graham's story time lol
@marcmini81375 жыл бұрын
How do these people not get jailed? they can freely ruin someones life and financial well being and not receive a punishment? wtf is going on, they GET AWAY WITH IT?
@EduardoKicks5 жыл бұрын
all i hear is free rent jig
@DamonNeal5 жыл бұрын
That's Cali for you
@trwsandford5 жыл бұрын
because someone has to be voting for all those democrats
@animewatch42135 жыл бұрын
California hates the idea of paying rent. These guys are the heroes. There are online community that celebrates these guys. Unforunately, these scammers are only hurting small landlords. Big corporate REIT that owns most of the rental properties have systems and lawyers that filter or evict these scammers easily.
@ekklesiast5 жыл бұрын
@@animewatch4213 "Unfortunately"? Do you realize that when property owners are hurt, the only outcome is less property to be rented out, and consequently, prices going up?
@NathanLorenzRealtor5 жыл бұрын
You should make a video on how you would extensively check a new tenants status from the very first step to the last, like all the little details you look for and how you do it. Would be very helpful.
@tuesdaymcbutter85255 жыл бұрын
Yes! Go over the whole application and references, calls, drive-by's, googles....
@Khora4 жыл бұрын
This is probably on his course
@TV-8-3014 жыл бұрын
The show Catfish is useful though not as in-depth lol
@Fred_in_Oz5 жыл бұрын
In Australia, there are tenancy databases that list, among other things, blacklisted tenants. Perfectly legal as both tenants and landlords have rights. California probably needs something like that.
@femboyfoxfurry26034 жыл бұрын
It does tho?
@candylove494 жыл бұрын
Wow! More countries/cities should consider this option. It’s fair and balanced.
@NatashaEstrada4 жыл бұрын
@@candylove49 Not sure about Australia but in NZ when I rented you'd pay your deposit to a government agency and basically you'd never see it because if you moved to rent somewhere else it just got transferred. If the landlord needed to deduct he'd just deal with the agency directly. It offers protection for everyone since tenants know they can't use it for last month, know that any deductions will be fair and the landlord doesn't have to deal with angry tenants when valid deductions are made. Never had deductions taken but I believe you'd probably have time to retop up your account if they were. It was super nice because it meant when you moved you didn't have to come up with a second deposit while waiting to get the first deposit back.
@1588chrissy4 жыл бұрын
That would really be a great solution for both parties as there can be good and bad on both sides.
@NatashaEstrada4 жыл бұрын
@@1588chrissy It works really well because you can show your new landlord that you have $x amount in your deposit account when renting a new place without having to come up with a new deposit and then waiting for the old one back.
@anniealexander96165 жыл бұрын
I had a tenant give our local sherriff as a reference. They paid the deposit and two months of rent upfront. The money looked great and i rented it. Next time rent was due they paid another 2 months. Everything was great until a coworker said she knew them and ask me if i knew where the money came from. The wife's sister had overdosed and it was life insurance. The next time rent was due they couldn't pay. The tenant offered me oxycotin as a late fee if I would wait a few days for the rent. I evicted them as soon as i could. The sheriff was their uncle and he tried to block the writ the judge had given me. That's the only time I've ever had to sit someone's stuff out on the street.
@DanielIles5 жыл бұрын
*Graham is the only multi-millionaire still living in a duplex to save money*
@tomash_3545 жыл бұрын
*COOL*
@Ramijay905 жыл бұрын
Facts
@randycruz40005 жыл бұрын
I would do the same thing. Single man, no kids. Might as well just have a badass bachelor pad.
@nicholass96885 жыл бұрын
@@randycruz4000 He isn't single anymore there bud
@emmanuelkz45194 жыл бұрын
He is smart. He probably is saving money for his biggest move ever
@voiceofpassionateprofessionals5 жыл бұрын
Graham is growing youtube channels in his garage.
@emmanuelkz45194 жыл бұрын
🤣🤣🤣
@goldensunflower2294 жыл бұрын
Lol nice one!!
@chrisglaze14105 жыл бұрын
A Graham video a day keeps the poor man away
@GrahamStephan5 жыл бұрын
THANKS FOR WATCHING!
@minnie33395 жыл бұрын
Investing With Chris hahaha yaaaassss ❤️
@ramzy44585 жыл бұрын
they actually keep the poor man here, cuz im poor and watching his videos to learn more about finance and try to get myself out of this predicament
@devontemontoya62705 жыл бұрын
Investing With Chris 😂
@emilywoolacott12954 жыл бұрын
What's wrong with poor people?
@MarysZenDoodleArt5 жыл бұрын
Landlord took all the lies and excuses for 6 months...? Wow....😳
@GrahamStephan5 жыл бұрын
Yup!
@jahimuddin73805 жыл бұрын
Right, I would have kicked the dude out after the second month.
@ekklesiast5 жыл бұрын
@Kris Moodley dude, it's not your property, if you don't enjoy staying there you're free to go somewhere else. Nobody owes you anything. And if you WANT to stay there then it means it's not bad. And if you want to live in someone's property for free, you're just a thief.
@sharintexas52645 жыл бұрын
Kris Moodley that’s terrible. Why don’t you move?
@emilywoolacott12954 жыл бұрын
@Kris Moodley I'm so sorry to hear this. Thank you for your post. Renters need more rights, and racism and classist systems need to go. :( I wish you all the best.
@NickPeitsch5 жыл бұрын
Paying a small sum to pre-screen tenants is probably the BEST financial decision a real-estate landlord can make. A small pre-screen investment can lead to years of savings... allowing you to buy more avocado toast and $0.20 iced coffee ;)
@danielradcliffe35995 жыл бұрын
Gotta love Graham's specialty iced coffee woot woot
@jlydon295 жыл бұрын
Background check? Can you "discriminate" tenants based on criminal record or their persona/attitude/etc, or do you just kind of not tell them no, but also just start ignoring them?
@NickPeitsch5 жыл бұрын
jlydon29 good question, I really have no idea. I would think as a landlord you have full autonomy to choose whichever tenant you want. But if he/she has a bad criminal history, then that’s obviously a reason to not allow them as a tenant.
@tristian90065 жыл бұрын
How do you avoid people doing identity theft though?? The persons identity they steal is clean but it's not like those background checks come with pictures of the person. Very scary.
@steveaustin88705 жыл бұрын
i make tenants pay the screen fee too
@ericlawrence90604 жыл бұрын
Remember... KINDNESS KILLS THE CAREGIVER. Spent a lifetime being nice to the wrong people. I'm making a change after half a lifetime of being fooled and scammed.
@michaelmiky115 жыл бұрын
Moral of the story: Invest in index funds
@jeffreyd5084 жыл бұрын
AND index funds will SMASH real estate returns in the long run, without headaches. Look it up. There are only two, 10 year periods in the last two centuries where real estate returned more than the broad market....
@KingOfForest224 жыл бұрын
Not here in Straya, the tax benefits of negative gearing combined with a property boom that's been ongoing since the 90s due to massive population growth make property investment a no-brainer. Mutual funds and ETFs are good as a secondary investment for diversification, though our compulsory superannuation contributions automatically get invested in the share market anyway.
@cherrytung5 жыл бұрын
Friday 3:30pm routine: 1) click onto Graham’s new video 2) smash that like button 3) drink my .2 iced coffee 4) eat my .9 avocado toast Avocado 🥑 Squad
@glich6105 жыл бұрын
I always see you on graham's and dave's videos lol.
@cherrytung5 жыл бұрын
@@glich610 Guess we watch the same ppl then lol
@dayaf05 жыл бұрын
glich610 best channels on KZbin tbh
@cherrytung5 жыл бұрын
@@LogicalFinance Routine every monday, wednesday and friday :D
@VCannDreams5 жыл бұрын
basically
@DamonNeal5 жыл бұрын
Just be glad you haven't had meth heads that broke the plumbing, and established poop corners
@GrahamStephan5 жыл бұрын
yikes...
@EmpressLilith2225 жыл бұрын
Poop corners? 🤔 didn’t know that was a thing...😳
@KingYang055 жыл бұрын
If they didn’t break the plumbing, they wouldn’t need poop corners. Okay, I’ll stop trying to speak logic.
@zombiesoul-eater7415 жыл бұрын
crackheads are the WORST! evreything stolen and smash/break evreything.... threaten/blackmail -- demand money to not destroy more stuff. if i get another crackhead renter- ill burn the house down with him in it..
@croniccheese5 жыл бұрын
Bro brb gotta hit the poop corner
@JAMESshortyshorty5 жыл бұрын
CONGRATS on a millions subscribers!!
@GrahamStephan5 жыл бұрын
thanks!!
@RichAction5 жыл бұрын
This is so true i had a tenant and he was horrible. You have to do background checks and check two previous residences in person lol. I repeat in PERSON lol
@RichAction3 жыл бұрын
@Big Bubba then time to find another tenant. The worse thing you can do is not do a thorough background check on a tenant especially now with the current laws. You'll be stock with that bad tenant for at least a year in some states
@harryjohnson234 жыл бұрын
Hey , Really Enjoy your Video's, my Daughter and her husband turned me on to you . I am a Realtor In Ny , I started out late with this career, Im 52 years old . I can totally relate to this story , My partner and screen out all of our client's , we learned the hard way, can't judge a book by its cover . You are a true inspiration to alot of people, So glad to see someone so young has done so many things correctly, so Glad you are like a mentor to my daughter and her husband . You are leading the way for this young couple, you have inspired them to make their own you tube channel, you have showed them , anything is possible, when you put in the footwork. It' s never too late , I have 11 years clean and sober , and I got into realestate to help out others that have gone down my path, I know their pain , I was one of them and I still am , I just stay clean and sober one day at a time . Thank you again for all you do , your transparency and honesty are refreshing.
@thomasmorrison32795 жыл бұрын
My main issue with rental property is that tenants break everything. They break appliances, plumbing fixtures, locks, drywall, etc. Within one year of installing a kitchen faucet, it was broken.
@kingkong-ni4ho5 жыл бұрын
Its the unfortunate aspect of being a LL. No one will ever take care of ur property as well as u do. Just see it as part of doing business and write it off ur taxes.
@wintercook27 ай бұрын
Choose better tenants. I've been a landlord for 13 years. This has never ben an issue.
@powerland20005 жыл бұрын
Just remember it's money you are trying to make here, don't be lazy for not going through enough investigation before you rent it out.
@rays74375 жыл бұрын
I used to work for a real estate investor. I cleaned up and repaired the properties after they moved out or got evicted. It's crazy what people do to places. Almost all of them take all the light bulbs when they leave. They leave their soap and shampoo behind but take the toilet paper. Oh and they always leaved piled up bags of trash. One guy evidently used his living room to store his motorcycle that leaked oil. The oil soaked through the carpet and all the way into the floor. The lawns are always ruined, holes in the walls, broken light fixtures, and evidently most people don't care if their pets crap all over the house. He finally sold all of his properties and retired.
@watchdealer115 жыл бұрын
The legal system is heavily rigged in the tenant's favor, it makes me not want to be a landlord anymore.
@user-zd9fc4vs4q5 жыл бұрын
The legal system should be heavily in the favor of the landlord given the fact that he actually OWNS the land & not the tenant.
@bigpoppa40945 жыл бұрын
Why isn’t anyone delivering an ass whooping to a low life scam artist tenant. Physically remove them to the curb. no need to wait months for an eviction and lost $
@jahimuddin73805 жыл бұрын
@wnc817, The judge does not need to know.
@animewatch42135 жыл бұрын
In Oklahoma, you can evict the tenant if they miss rent for one day, you just need to call the police, who will come loaded and demand this now squatter to move his stuff out quickly or face jail time. That was few years ago, not sure about right now.
@MariaM114 жыл бұрын
Rigged? The tenant is the weaker party and obviously will be protected more than the landlord
@thescentsophisticate88655 жыл бұрын
Graham! Totally different subject but I just watched another KZbin video with you as one of the guests. It’s called “Middle Ground”. Dude! You spoke so eloquently! You’re such a smart guy and had so many good things to to say. I was blown away! Everyone on the panel were definitely genuine about their thoughts on money but you blew it out of the water! Impressed and have so much respect for your wisdom. 👍👍
@GrahamStephan5 жыл бұрын
Ah thanks so much!!
@bruce07503 жыл бұрын
What I learned from these two videos about horrible tenant stories is that: 1: you have to Have to HAVE TO check and re-check tenant backgrounds, you are letting them into your life! Make sure to filter out all the crazy people. 2: you should slow down, slow way down to buy as much time as possible to fact check everything, if the prospective tenant gives you a story one way or another as to why you should let them in fast, RUN. A few of the stories I have heard seem to involved tenants wanting to move in fast. 3: Always assume the information they provide is false, and whatever perceptions they are presenting (manner, dress, overall look, etc...) are false. Do this as a way to direct yourself to fact check things.
@umbra_xxi5 жыл бұрын
Hey Graham just wanted to thank you for everything you’ve done with these videos! I just got approved for the discover it card with a $9000 credit line! Your videos have been a huge help in my financial stability!
@wildzubatappeared5 жыл бұрын
I cracked my screen by smashing the like button so now I have to get the iPhone 11 pro max 512 gb
@GrahamStephan5 жыл бұрын
you have to now, you don't have a choice!
@xx_changogaming_xx8085 жыл бұрын
wild zubat appeared can you buy me one to
@jahimuddin73805 жыл бұрын
Do it, make me money.
@fredrios42175 жыл бұрын
Watching a new graham video ready for the weekend is the best
@Bl00obs5 жыл бұрын
My parents rented one of their houses out, fully furnished and the tenant paid the first month rent. The 2nd month the mom cried and told us how hard the times were and that they couldn't pay that they would pay next month when she got a new job. Next month comes, no rent, same sob story. Started the eviction process and they moved out in the middle of the night. They took all of our furniture, they broke EVERY SINGLE WINDOW in this 2700sqft home and SHOT IT UP. They took their guns, and shot the empty house probably 60 times. She moved across country and for some reason my parents didn't go after them legally.
@Kimboscrub3 жыл бұрын
The reason they didn’t go after her is because she’s a bum with nothing to her name so it would cost tons of money in attorney fees and yes, they would’ve won but you can’t get blood from a stone..... she’d never pay and they’d be out thousands for nothing. Sometimes, it’s just not worth it. Only people with unlimited funds can afford to do things just on principle.
@lopesphoto5 жыл бұрын
I've had a bad tenants and didn't see the red flags. One thing Graham mentioned was them wanting to move in immediately. I think that's a big one and the tenant also wanted to sign a 3 year lease. If someone wants a lease over a year you have to question that. After that experience I just went to month to month leases. I'd rather just have 30 days to ask a bad tenant to move than wait a year to get them out with a yearly lease.
@pearliecollection5 жыл бұрын
I am on my way to become a 'landlord' - and after watching your vid I think I need to hire a big-boned muscular with some dragon tattoos 'manager' with low-pitched British accent is a plus ... just to friendly check the appartment, and kindly remind the tenants to pay the rent each month :))) OMG a better horror story than IT2...
@DarkArcticTV5 жыл бұрын
this is unironically the only way u make sure tenants keep paying
@gu3sswh0753 жыл бұрын
Pearl Nguyen keep in mind, that's usually the case in a liberal run state/province. They almost always side with the tenant not the landlord
@ArtIsDrawing3 жыл бұрын
dont rent to ppl!!!
@DamonNeal5 жыл бұрын
NGL that eviction lawyer is kind of a genius scammer
@GrahamStephan5 жыл бұрын
completely unethically genius
@jalabi995 жыл бұрын
Totally evil person. May he get his comeuppance soon. Gives lawyers a bad name.
@connerwoods69125 жыл бұрын
Super smart but how shitty of a person do u have to be to do that to another person?
@MissMBA5 жыл бұрын
And as a lawyer, shouldn't he have a decent income to be able to afford rent rather than scam?
@DamonNeal5 жыл бұрын
@@MissMBA of course he has good income, but what better way to save most of it by scamming struggling landlords
@dan2035 жыл бұрын
I owned a condo for about 12 years that I bought in 2007 just before the bubble burst. (intended to flip it) I rented it out that whole time just waiting for prices to recover so I could sell. Had many bad tenants in that time. One guy was like 4 months behind and I was just about to evict him when he actually died. Got so sick of dealing with it that I hired a property manager for the last 2 years, even though it ate up all of my profit. Just last year the market finally got to a point where I could sell and break even so I got rid of it. I hated being a landlord and I'll never do it again. The only way I'd even consider buying another rental is if it was such a great deal that I could make enough in rent to pay a property manager and make a significant profit. In my area I just can’t see that happening so probably never again.
@lawfulfalafel5 жыл бұрын
Consider my landlord PTSD triggered.
@nicola-socialmediasuccess86875 жыл бұрын
Is the brown book on the right about instagram...?😂😂😂
@GrahamStephan5 жыл бұрын
LOL
@ramzy44585 жыл бұрын
u have the same name as keems new intern
@jamalthecreatorr5 жыл бұрын
Do a video on kris krohn and his rent to own strategy
@Postofficejoe5 жыл бұрын
First thing I do is shut the power off and tell the power company . do not reconnect unless I say so, works in Canada, and most squatters will leave. They all threaten to sue me and I say go ahead, see you in court, don't forget to tell the Judge you stopped paying rent.! ...none have ever taken me to court ...also shut the water off too if you can.
@saioacantrill3 жыл бұрын
That final story about the eviction lawyer tenant has actually made me feel ill!
@gibben34795 жыл бұрын
As always, loved the vid. BTW congrats on 1mil Graham.
@GrahamStephan5 жыл бұрын
Thanks!!
@lisadoyle22844 жыл бұрын
As a former real estate agent, I've seen some of the ways people destroy rental properties. It is a shame because they ruin an owner's trust and others have to pay for it.
@AB-sr3jd5 жыл бұрын
Once upon a time (years ago) some scammers tried a similar thing to rent a property I had on the market for a client. The woman wore expensive clothing, came with her ‘operations’ guy that ensures her ‘standard’ of living is met in the property.... I smelled a rat... I could smell when someone has money, and I didn’t think she did ... so the operations guy/driver/bodyguard, and I started talking about the list of demands....and suddenly everybody needed water (not tap mind you) ...so I took 2 glasses out and rested it on the counter, and said to them ‘help yourself, the water filtration system in this house is on par’ ....they didn’t know how to extract it from the water dispenser, surprise surprise (accustomed to filtered water my arse) ...as soon as they left I put that house on security lock down and demanded ALL paperwork , and guess what? they couldn’t come up with it ...1 year later went to see a commercial property (restaurant) for lease and the landlord had the locks on the door , low and behold their names were in the restaurant license...he told me they scammed him of 6 months rent ... missed a hell of a bullet...
@OverseerDan5 жыл бұрын
Why wasn't that lawyer reported to the BAR association and disbarred for misuse of their profession?
@rays74375 жыл бұрын
I think threatening someone by phone or text is a felony.
@randycruz40005 жыл бұрын
I want to get into real estate so bad but I made terrible mistakes at the age of 18. Now 21. Over 20k in debt and struggling to make the minimums. Kind of sucks but it is what it is. Working through it and I will be applying myself to real estate as soon as possible. Watching your videos inspire me to do better.
@codeman99-dev5 жыл бұрын
Sadly, I am currently dealing with a crooked landlord. After I moved out he decided that he wanted to keep the deposit. He told me nothing. When I confronted him about he started coming up with every lie in the book. Thankfully, this is in Pennsylvania. So I'll be taking him to court for twice my deposit. Sucks to be him!
@Kimboscrub3 жыл бұрын
23 years ago, my husband and I had just gotten married and were renting a townhome. When we signed the lease, the landlord agreed to replace the carpet and linoleum which were both damaged. He never did it no matter how much I complained. When we moved out, he kept our deposit and then had his lawyer send us a letter demanding $2000 for carpet and linoleum damage!!!!! We got a lawyer and we ended up winning the case. Problem was, it cost us $2500 in lawyer fees..... so, we learned a lesson that justice is only for those who can afford it..... hard life lesson to learn. I suggest that you think long and hard about whether or not it’s worth it to you to pursue this. It literally cost us more money to win than it would’ve cost us to just pay the asshole in the first place. Good luck 🍀 🤞
@alishamichelle1664 жыл бұрын
That last story almost made me cry and it wasn't even my property. That guy is the worse!
@searchbug Жыл бұрын
That's terrible, Graham! Hope you won't experience that again. To ensure that you get a good tenant, it is always best if you take the time to conduct background checks on them. The bottom line is to ensure that your prospective tenant is free from any illegal activities, and will take care of your property, and of course pay on time. Request for a thorough background check to search for any eviction and criminal records, including their credit history. You wouldn't want to entrust your property to someone with any bad records.
@southerncoyote5 жыл бұрын
Don’t forget to try and go back one more landlord where possible! Current landlord might say anything to get them out!
@sajfen5 жыл бұрын
Judge people, be suspicious and always assume that everyone is an asshole. Got it!
@BrentInvesting5 жыл бұрын
My 3/1 went vacant Aug, and it was just filled got my deposit/first check from them - did some repairs inbetween so this months rent went towards quick rehab, but it's back and going! woot woot.
@GrahamStephan5 жыл бұрын
I'm glad!!
@hdfiuhl4 жыл бұрын
If the tenant trashed the property and caused 10k of damages, you should raise criminal charges no? I mean, if somebody intentionally destroys something, it is criminal act and not random wear of the property.
@pslgreg4 жыл бұрын
I rented an apartment in Daytona Beach, at the beach, for a year, even though I live in Florida, in a house. I opened an account at a bank across the street, that had online bill pay, to pay my local bills. That bank sends actual snail mail checks to private individuals, and even though I entered the information correctly, the bank sent my first, and second rent payment to the wrong address. That was very uncomfortable for me, trying to explain that the bank is the flake, not me. I can't imagine living like that, making endless excuses, while stealing, and hoping you don't push the landlord over the edge, making them do something that actually resembles justice.
@RandCorp5 жыл бұрын
As a realtor and wholesaler myself I have seen some crazy crazy stuff from other investors. Thank god I learned BEFORE getting my first rental. my current lessee has been there 4 years now, pays on time, and also contacts me almost quarterly to do projects on the house like painting
@CryptoGod795 жыл бұрын
Love your videos bro, I actually heard your story about a year ago on your video that you exclusively talked about this! Anyway your teaching us so much and Me and my wife will be buying some rental property in the first quarter of the year and these video help me Tremendously!!!!! Thanks man
@scotthedrick57365 жыл бұрын
That's why you have a video walkthrough and inspection with the tenant BEFORE signing the lease. Without both the landlord/property manager AND tenant simultaneously inspecting the property and signing off on a written inspection sheet. My uncle had a similar issue - within a week of moving in, the tenant comes to him with a printout from some website about "sick building syndrome" and wanted him to pay for their medical bills. After I got done laughing, I suggested he tell them that he wouldn't want them to live in substandard housing and that they were free to move out without paying the lease cancellation fee - and if they didn't, they'd have to explain why they wanted to stay in such terrible housing. They moved and he didn't hear anything from them.
@stallion70125 жыл бұрын
Graham, please do a video on the different types of Vangard EFT's.
@jaygeetv95995 жыл бұрын
A classic tenant that knows how to beat the system ..
@duwaynewright62915 жыл бұрын
Ok Graham, I'll smash the like button stop bugging me.
@samuelv62165 жыл бұрын
Graham keep up your INCREDIBLE VIDEOS! They are awesome I really feel like I am learning from each and you are a huge roll model for me!!
@GrahamStephan5 жыл бұрын
thank you so much! :)
@brianp68595 жыл бұрын
Love this, thank you for sharing! You hit the nail on the head, no matter how wrong things go, we can always learn from it. Winners aren't people who haven't failed. Winners are people who have failed, never gave up, and learned from the experience to grow.
@wintercook27 ай бұрын
Maybe don't say that to the guy who lost his property because of the lawyer.
@swedishsteel81224 жыл бұрын
That first story sounds like the plotline from the movie Pacific Heights. Especially the false appearance of looking wealthy. EVERY Landlord needs to see that movie.
@FreeTraderFREEMAN5 жыл бұрын
Great insight about bad tenants. Rich looking tenants are the worst tenant because they spend their time trying to look good.
@Fairly_Reasonable_Investor3 жыл бұрын
wow, after all these horror stories, why would you ever want to rent your home at all?
@miyuden41185 жыл бұрын
My first day I had to pay rent, I forgot it. never did it before so I forgot. The landlord got angry, obviously and after I paid, 12 days too late. I never ever forgot to pay rent, as soon as my income enteres, I do all the payments, no matter if it's the 27th or the 31st of the month. I don't wait till the first or second day of the month.
@Kimboscrub3 жыл бұрын
I do the same thing. All my bills for that 2 week time period get paid automatically on payday so I never give myself a chance to forget or to spend money I don’t have. It’s the best way to do bills.
@stephenking3704 жыл бұрын
I have an acquaintance in Colorado whose tenant was making meth in the house. Complete gutting of the house was required to get rid of all the toxic crap in the house.
@AutoTechWorld_DIY5 жыл бұрын
Wow. Those are some crazy story's 😱
@BobsPlumbingVideos5 жыл бұрын
Horrible story! I own a mixed use building here in New York ans since 1995 have had only two model tenants who never missed a day in rent. The current tenant relocated to Las Vegas, I've spent about $12.000 doing some minor fix up's and now am facing having to find a new tenant. I'M SHITTING MY PANT'S hoping to to find a good on! Love your channel, keep up the great content.
@sammieollie5 жыл бұрын
Graham is the only youtuber who reminds me to smash the like button and I actually do it.
@christopherwinstanley1348 Жыл бұрын
I had a friend that is a landlord. He locked the communal doors (changed the licks) one tenant was leading him on with the rent. He eventually let the tenant back in, but it turn into a dispute. He was ruthless, but with some tenants. They are peoples habits when it comes to rents, they know its going to take that long before the legal process begins. Really, the worst thing is not paying the rent for the tenant even if they have issues. I don't know how the landlord cope, I've known some screwball 😊
@alientowner4 жыл бұрын
Watched the whole thing, dang what a nightmare
@joshuaa50185 жыл бұрын
I have 5k saved at 17 thanks to these videos, thanks graham!
@wallywallywa3 жыл бұрын
We always do a background check. The prospective tenants pay for it and they have to agree to it. Is this not common everywhere?
@crocky49382 жыл бұрын
Rental property is a nightmare I get so sick of listening to people talking about how you get rich owning rental property
@bregieirofernandes4 жыл бұрын
That eviction lawyer has his own version of house hacking
@kendavis80465 жыл бұрын
Texas, Texas, Texas! We can usually evict them on cause in two to four weeks. Smaller rents, but also costs less to buy and rehab the properties.
@GrahamStephan5 жыл бұрын
That's crazy!!
@kendavis80465 жыл бұрын
@@GrahamStephan But true.
@adamhenrywalker3 жыл бұрын
Graham got mad skill
@Swimology5 жыл бұрын
I feel like it more work just to be one of these people trying to live rent free and find new homes every few months rather than just building a home.
@newuser2854 жыл бұрын
You have a lot of these bad tenants/scam artists specifically looking for small mom and pop landlords precisely because they don't do extensive credit checks,; don't check previous address history, don't verify employment; don't verify proof of income; and use "fill in the blanks" rental agreements bought from the stationary store, IF they use written rental agreements at all. When things go south, it's this type of landlord that accepts the security deposit as "last month's rent" in order to get a tenant to agree to leave. These tenants always leave behind damage. A corporate landlord will usually have extensive procedures to check an tenant applicant's background. They are also more likely to require a "pre-move in inspection" of the property, where the manager takes video/pictures of the property with the potential tenant, and require that tenant to acknowledge the condition of the property. This will cut down on bogus vermin and mildew complaints. One of the biggest red flags is when an applicant is in a hurry to rent the property. I had a landlord client where the potential tenant showed up to the landlord's home with cash on hand in the evening looking to move in the next day. The landlord accepted the cash. Almost a month in, the tenant called the landlord asking to borrow money! He was out before the end of the second month. Make no mistake, the new rent control laws coming next year will only make evicting such bad tenants more costly and time consuming. Having said all that, I'm really curious as to the name of that "tenant attorney" from the 3rd story.
@psykickz91595 жыл бұрын
Graham, Remind Me How You Got Your Start in Real Estate without attending College? Or Share The Video Where You Explained it. Thanks a lot
@babyragez57273 жыл бұрын
Now this tenant is probably living rent free, in prison.
@thelonelydekuscrub48173 жыл бұрын
I watched your whole 37 minute video and I got here searching “graham stephan crazy tenant” because I wanted more crazy tenant stories because I thought your video was very entertaining.
@DejanMac5 жыл бұрын
REIT's , invest into reits wont have to deal with tenants ;)
@anniealexander96165 жыл бұрын
I'm thinking about buying reits but dealing with the bs makes more money.
@jahimuddin73805 жыл бұрын
Or just do both.
@rockinrevivals4 жыл бұрын
I really can't believe there are people in this world like that.
@littlejohn-pi7kk5 жыл бұрын
There is a service called Property Managers. They take care of everything for you. The good ones anyway. They vett the tenants, take care of payments, check on property, take tenants to court for eviction etc.
@erick73705 жыл бұрын
Wow, $9000 a month for a 3 million dollar home. Weren’t those the good times, I rented a 3 story mansion for a whole summer 2 years ago for $12,000 a month, and it only costed 1.5 million
@carieyounginsurance3 жыл бұрын
Sad there are so many human beings that do this and make it their purpose in life...how I can screw over others!
@theandrewhines5 жыл бұрын
Agreed. Gotta verify everything and serve notices immediately
@jackiehunter77223 жыл бұрын
Watched till end, great story
@tommykukulka78115 жыл бұрын
Rented to a cute little family once turned out the mom was a heroin addict three or four months in the dad leaves, I get stuck with her, she turns the house into a flop house, someone overdoses in the bathroom, neighbors complain call the police, mom looses the kids, I luckily evicted her and without to much of a loss but you never know your always taken a chance being a landlord
@keepinitsk8a5165 жыл бұрын
Why do I feel you just made a video on this? I work everyday so my past year’s time is warped terribly.
@curiousfox24295 жыл бұрын
Smashed the like button before Graham asked, I'm learning
@PassiveIncomeTom5 жыл бұрын
Plain and simple, tenants lie. 😖
@GrahamStephan5 жыл бұрын
yep :/
@DrJarimba4 жыл бұрын
Quality content this channel. I say Graham for President !
@SteveRam5 жыл бұрын
My 1st flip I "won" at the auction and inherited crack head squatters. Had to go through the entire California eviction process and 8 months later finally had the sheriffs evict them. The place was destroyed and yes, they had established a poop corner under the stairs. Also had to Quiet the title and pay off inherited liens. On the bright side, In the end still came out on top over $20k on the deal.
@lain116444 жыл бұрын
Lol that last guy is a genius.
@qvoorhorst5 жыл бұрын
We once had a tenant who barely cleaned the house and was always late with his rent because he had to take care of his girlfriend who refused to get a job, his 4 dogs and his two birds. And when he left the supposedly clean house, it took a whole week cleaning the house, repainting the walls and removing all the small plastic bags with dogshit that he threw under multiple bushes in the garden.
@GrahamStephan5 жыл бұрын
That’s awful
@mariahphillips62605 жыл бұрын
OG subscriber here..... you’ve already uploaded this story
@alejandroortega2883 жыл бұрын
Great Story Graham definitely makes me want to investigate the heck out of all my future tenants OMG
@brandonspiegel22935 жыл бұрын
dang, those are crazy stories man!! Thanks for the knowledge man!
@cd44294 жыл бұрын
I don't care how a sweet and charming a tenant - verify, verify, verify!! To your doom!!!
@kennethfenstermaker31085 жыл бұрын
Seeing this pop up is a great birthday present! Thank you. I love tenant horror stories!
@kingkong-ni4ho5 жыл бұрын
I hope this does not steer u away from getting a rental property. I hope u just see this as a major lesson in doing ur due diligence.