By taking time to effectively select potential tenants you will avoid future problems. But no matter how well you screen them, eventually, you will run into one or more of the problem tenants listed below sooner or later. See the most common problems with bad tenants and how to tackle them.
1.Tenant Pays Late.
A tenant who misses making payments is one of the most common problems landlords face and it can worsen your as a landlord financial situation. No matter how well you select tenants, sooner or later someone will not pay you on time. To reduce these events, remember the following.
• Create reminders. Sometimes accidents do happen, and a reminder can prevent a potential problem. If your lease has a grace period built-in, consider an automatic lease reminder for those tenants who missed the deadline.
• Have a strong policy. Lease agreements need to specify exactly what the rent payment procedure is and what happens if the tenant pays late.
• Everyone is the same. No matter the situation, all tenants must adhere to the same standards and rules. So, make it clear from the beginning and in turn avoid some speaking or negotiation attempts by the tenants.
2.Tenant Damages Apartment.
Property damage is one of the biggest headaches for property managers and since tenants do not own the property, some are more likely to handle it carelessly. This is how you can prevent tenants from damaging your rental property.
• A well-written lease. Set out the maintenance requirements carefully before tenants take possession of the property.
• Perform a detailed check-in inspection. Make sure to take photographs and document the condition of the property before they move in. This will give you something to compare after the tenant moves out, allowing you to legally recover damages.
• Conduct regular checks. Inspect your property often, at least three times a year for possible maintenance issues, if you see that the tenant is not keeping up with the property, try to fix the problem sooner rather than later.
3. Tenant Doesn’t Obey the Laws.
Some people seem to feel that the laws and regulations do not apply to them. Where some renters tend to break the law or event to sell drugs and commit violent crimes. If the tenant becomes involved in criminal activity, talk to your lawyer about the next steps.
• Screening. Always, always, make sure to thoroughly screen your potential tenants before renting and make sure to check their criminal history to avoid these future problems. Someone with a minor mistake 15 years ago might be a great tenant, but watch out for recent illegal activity or behavior.
• Regular check-ups. Periodic home inspections can reveal signs of illegal activity or potential problems, especially drug-related problems.
4. Tenant Invites Strangers to Stay.
Some tenants will attempt to sublet the property, allow their friends or family members to stay there indefinitely. If someone lives on your property and is not leased, that means they are not bound by them.
• Subleasing. You don’t want people in your home that you haven’t personally checked, so make sure to make it clear within the lease agreement and keep in touch. If the tenant has circumstances that cause him to leave for a long period of time, he needs to know that he cannot bring in someone else to take over the property.
• Inspections. Inspections can provide a lot of great information and if you find any unauthorized person on the premises contact the renter immediately.
• Guests. The tenant has the right to invite guests or even stay for a few days. But if anyone is planning to stay longer than the specified period must first obtain the landlord’s permission.
5. Tenant is Never Happy.
All property managers love tenants who only contact them when they have serious problems. However, some tenants will call at any time for any conceivable reason and with unreasonable expectations.
• Legal obligations. Landlords are required to make certain repairs that are necessary to maintain the standard of living and make property safe and secure.
• Look at The Lease. The lease should state who is responsible for what when it comes to maintenance and it is the responsibility of the renter to know that.
So we’ve covered the most common problems that arise with bad tenants. Check out these additional suggestions below.
1. Keep everything in writing.
2. Hire a professional property manager.
3. Teach tenants how they should treat you.
4. Ask the bad tenants to leave.
5. Be calm, objective, and rational.
6. Do a thorough screening process.
As a real estate investor, make sure to assess the situation from all angles and take the time to come up with the best approach. Your tenants will be much more receptive to what you tell them if you give the impression of being collected and discreet.