It can be emotionally wearing when you have a tenant that has become far less stellar than the referrals you reviewed and the information provided on their application that led you to accept them in your property.
When facing such a difficult situation, it’s constructive to have a guide providing you with options and steps you can take to relieve the stress for everyone. So read on as we explore five ways to handle bad tenants in Greensboro.
If your first choice of action is eviction to handle bad tenants in Greensboro, you need to take a moment to consider that they indeed must have done something very wrong before proceeding. While it may sound easier to evict a tenant with a personality that doesn’t sit well with you than dealing with them month after month, this is a long stretch from being the type of tenant who needs such legal action. Have they failed to pay the rent without any legitimate cause or engaged in illegal or unruly behavior on the property? If the tenants are behind on monthly rent have a conversation with them about the reasons why. Many times its temporary situation do to employment, family situation etc… If its a serious situation they may be able to apply with the local county and get some rent assistance. The point is address the problem and look for ways to solve. If they are just bad tenants and you are constantly dealing with these issues then your only recourse is to evict. This all leads back to proper screening of you tenants.
it’s incredible how an understanding attitude can make a difference when you must handle bad tenants in Greensboro. While your investment properties are a business and you have guidelines you expect your tenants to follow, it sometimes helps to take a step back and be human. Extenuating circumstances can get the best of even the best among us, so take all factors into account and consider breaking a rule or two if it helps keep a good tenant in place. A good tenant is worth spending extra time to solve the temporary problem.
While breaking the rules now and again may serve you, you cannot allow tenants to believe that you’ve become slack or that there are no rules about making late payments. Bad tenants in Greensboro tend to take a mile when you only intended to give an inch. As a result, they may become habitually late payers. While there are emergency cases where you can afford to be understanding when someone cannot pay rent, your tenants’ just not having rent isn’t a valid excuse and, if it happens enough, can cause havoc with your finances. That again leaves you only one choice, evict and move on, the longer you let it go the more money you will lose.
When handling bad tenants in Greensboro, you should document every interaction in writing, video, or photographic evidence. Also, keep any security tapes that may apply to the situation. Finally, keep any estimates or receipts for the work if repairs are required. Remember, if you created the lease correctly then you should have a deposit that will not be refundable and will help recoup some of your losses.
Hire Professional Property Managers
When you hire professional property managers, you no longer have to try to collect rent and handle bad tenants in Greensboro yourself. Typically, when you work with property managers, their finely honed interview skills and screening process, along with their vast network of professionals in the industry, help prevent bad tenants from ever entering your property. In addition, professional property managers like those at AIP House Buyers have teams on-call that can quickly handle every aspect of rental properties, from repairs to maintenance, single-family homes to large complexes, and everything in between.
The only downside to this is most property managers charge 10% of the gross rents to manage the property. If you do not want to deal with tenants and problems 10% may be a minimal amount for piece of mind.
If you currently own a rental property in the Greensboro, NC area and you have become a tired landlord the give AIP House Buyers a call. We will make a fair CASH offer on your house and relieve you of any stress and problems with your property. and remember, we buy AS-IS!
Call or Text 336-707-5223