Bridge Firm Recovery April 2019

Recovery Reader The April 2019 (269) 359-0814




Ever feel like your tenants have you on the wrong end of April Fools’?

Here are some ways to avoid being “fooled” this spring. 1. Set clear guidelines for your risk level in accepting tenants. Use a professional screening service, such as Preferred Screening Profiles, and review the application and screening results carefully. 2. Set clear expectations with your tenant. This includes a lease that clearly defines responsibilities, limits, and protects your property. 3. Inspect your property. Set regular inspections to ensure you are not only maintaining your property but also protecting your investment before major problems arise. 4. Set firm policies for rent receivables and promptly follow through with evictions to minimize losses. 5. Follow landlord/tenant regulations and state and local regulations to the letter to protect yourself and your property. While good screening minimizes those unpaid rents, when it does happen … and the ex-tenant doesn’t pay … see me! It’s what we do. We recover those lost rents, so you can focus on maintaining and growing your current business.

One of the Most Elaborate Pranks in History

Whether April Fools’ Day is a time-honored western tradition or a tired, unfunny festival of eyerolls depends on who you ask. Ask the mom who just got blasted with water via the old “rubber band on the sink sprayer” trick, and you’ll probably find the latter. But ask the kid who planted the trap, and you’ll get a hearty, cackling endorsement. Even if you’re sick of watching your back on April Fools’ Day and tired of the corporate cash grabs masquerading as (mostly) bad jokes that pop up like clockwork every year, you still have to give it up for the classics. Even the most bitter among us must admit that some pranks are so clever, elaborate, and inspired that they deserve their place in the annals of history. The name “George P. Burdell” will certainly reverberate through the hall of hoaxes for decades to come. Never make a clerical error with a young student who has too much time on his hands. In 1927, when William Edgar Smith was mistakenly sent a second enrollment form for the Georgia Institute of Technology, he had an idea. Combining the name of his then- principal, George P. Butler, with Burdell, the maiden name of his best friend’s mother, he enrolled the fictitious George P. Burdell in the prestigious university. Next, Smith signed Burdell up for all his same classes and, for the next four years, completed every bit of his schoolwork twice — once under his own name and once under Burdell’s, changing a few details here and there and varying his handwriting slightly so as not to raise suspicion. GEORGE COMES TO LIFE

From screening to recovery, there is no need to be “fooled.”

Enjoy the start of spring!

Dan Larson

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