A problematic tenant has, and will always be, a landlord’s source of misery. Despite this problem plaguing landlords almost every day, most landlords still don’t get the hang of tenant problems.
As a result, the most usual problem solver would either be choosing good tenants and kicking out problematic ones. This solution, though perfectly feasible, isn’t sustainable and practical in the long run.
First, it’s difficult to size up a person you only meet once or twice. You’ll never know whether they’re mixing alcohol with other drugs or if they have financial woes. It would be difficult to tell whether this one would be a good tenant.
Second, kicking out the tenants every now and then can mean business losses. While cheaper rents adversely affect profitability, evictions are also costly.
Here are the top 3 common landlord problems and with some suggestions on how these problems can be addressed:
Having tenants who vehemently refuse to pay their rent
This is one of the most common problems of landlords and the tenants’ reasons are just overflowing. One of the most common reasons for non-payment is not having enough cash to pay rent. Though this may be understandable in case of emergencies, however, it would help if landlord structure payment options for the tenant.
One example would be instead of paying one month’s rent at once, the landlord can offer to have them pay weekly. This could lessen the burden of having to secure payment of one huge amount at one setting. Also, this could help people who struggle with their finances manage their cash flow.
Another option would be to prorate delinquent rent or late fees over the remaining months of the tenant’s lease. The landlord should be able to strictly implement this by constantly making follow-ups.
For tenants who are no longer financially capable to pay their rent, the landlord can arrange for them into smaller rooms or sharing the room with another person. Landlords who go through greater lengths to help their tenants are often rewarded with lifetime tenants.
I’m sure there’s no exact science to this and it’s quite possible that we have unfairly dismissed a perfectly upstanding tenant based on our picky judgement but after suffering our fair share of bad tenants.
Over the years we have begun to pick up on the warning signs early on and you might find some of these signs to be painfully familiar, especially if you are still housing said bad tenants. Here’s what to look out for going forward Read more
Tenant Disrupting Neighbors on a regular basis
Having troublesome tenants can be evaded if the landlord takes some time to screen and check the background of his prospective tenant thoroughly. Then again, if the tenant is already occupying the property and squabbles with the neighbors are already extant, then it’s time to take matters into your own hand.
Draft a lease contract with a stipulation that tenants are obligated to settle squabbles with neighbors by themselves, without your intervention. This could shift the obligation to maintain good relations with the neighbors. After all, if there would be problems, it’s them who will face and resolve them, not you.
If your tenant is regularly being reported by their neighbors partying until the wee hours in the morning or getting too loud and drunk, reminding them that they have to talk to their neighbors and settle the complaint.
High turn-over rate
Problems with repairs are one of the most common reasons why tenants leave the property. To avoid frequent turn over of tenants due to this reason, the landlord must make sure to check any need for repair or maintenance proactively and to also respond faster to such requests from the tenants. Make a system that could facilitate faster receipt of requests for repairs. This would also improve your speed in complying with such requests.
If, however, you have already exhausted all means to improve your relationship with your tenant but they’re not cooperating, then the most viable solution is to evict them legally.
If despite the contract, they still disregard neighbors’ complaints and just continue getting too loud, then it’s time for eviction.
In this case, a temporary income loss is more tolerable than having a lifetime tenant-caused headache.
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