Have you ever rented out your home or dreamed of supplementing your income with investment properties? While the idea can seem like a lucrative opportunity, Suzanne Seggerman’s agonizing story is a stark reminder that it’s not without risks. After a “monster tenant” destroyed her iconic Bond Street Loft—a space that had served as the backdrop for countless films, TV shows, and commercials—Seggerman learned costly lessons that she’s now sharing to help others avoid similar disasters.
Her story, featured in New York Magazine, reveals the dark side of property rentals, as her seemingly “perfect tenant” turned out to be anything but. Through her persistence and investigative skills, Seggerman uncovered a shocking trail of destruction left by this tenant, affecting properties—and lives—around the world.
If you’re considering renting out your home or property, Seggerman’s experience offers invaluable insights. Here are her 10 essential tips for landlords to protect yourself and your investment:
1. Conduct a Credit and Background Check
Don’t solely rely on a broker’s report—get your own independent credit and background checks to ensure nothing is overlooked.
2. Google the Tenant’s Name
Search extensively, including terms like “Housing Court,” “arrest,” or “conviction.” Check the first three pages of results and scour local and state court databases for relevant cases.
3. Confirm Educational Institutions
Impressive credentials can look good on paper, but take the time to verify their authenticity by contacting the schools directly.
4. Verify Employment
A quick call to HR can confirm whether the tenant is actually employed at the establishment they’ve listed.
5. Check All References
Follow up with references provided, especially previous landlords, if allowed by local regulations.
6. Meet in Person
Whenever possible, meet the potential tenant face-to-face. Bring a friend or broker and trust your instincts during the interaction.
7. Secure Deposits
Collect at least one month’s rent and a security deposit. Check your local laws to see if you can ask for more.
8. Remove Personal Items
If renting out a furnished space, ensure any personal or valuable items are removed. Assume anything left behind could be damaged or stolen.
9. Include Maid Service in the Lease
Adding a regular maid service to the lease can provide an extra layer of oversight, ensuring someone you trust has periodic access to the property.
10. Schedule Quarterly Property Manager Check-ins
A property manager can inspect the property regularly, addressing issues early and maintaining communication with the tenant.
Learn From the Experts
Suzanne Seggerman’s ordeal underscores the importance of vigilance when renting out your property. Her tips are essential reading for anyone venturing into the rental market, whether as a first-time landlord or an experienced property owner.
For more on Seggerman’s story and her hard-earned wisdom, check out the New York Magazine article here.
About Suzanne Seggerman
Suzanne Seggerman is no stranger to the spotlight. As the co-founder of Games for Change (G4C), an award-winning nonprofit dedicated to using video games for social good, she’s been featured in The New York Times, Washington Post, Newsweek, and more. A sought-after speaker, Seggerman has presented at Sundance, SXSW, TEDx, and events worldwide.
To learn more about her story or inquire about interviews, visit www.suzanneseggerman.com.
Protecting your property and peace of mind starts with being proactive. With these expert tips, you can confidently navigate the rental process and avoid the pitfalls that Suzanne Seggerman experienced firsthand.
