PropertyZar – Dealing With Bad Tenants
If you have been a landlord or property manager for any amount of
time, you have experienced both good and bad tenants. We wish that all tenants
would be great, but the fact is some are not.
Warning Signs of Bad Tenants
First, to help minimize the chances of getting a bad tenant,
property owners and managers should always run the tenant background
screening that is available in most online
property management software. In addition to that, be sure to follow up with checking references, past landlords and
employers. This is not a guarantee, but it will help in the weeding out
process. Here are some indicators that you are probably aware of:
- Difficult attitude and often threats or talk about lawsuits
- Regularly delinquent
- Leaves in the middle of the night
- Leaves the property in a mess
It’s unfortunate that these people exist but you can be better
position to handle these types of tenant behaviors.
Attitude and Threats of Lawsuits
Make sure you understand the lease completely. These types of
tenants can be a real pain to deal with. Understand the Fair
Housing Laws and the Fair
Credit Reporting Act. Document everything along with the log of all
communications. Have policies and procedures in place should they be needed. In
addition to all this, your attitude can make a big difference. Be friendly and
open to listen to them, even if it’s a bogus complaint.
Delinquent Tenants
Don’t make any exceptions for late rent. This will set the stage
for future dealings with this tenant. Stay consistent with your rules and
regulations that you should have as a written protocol. Utilize the automatic
tenant late fee options in your property management software and let the
software auto apply these with consistency. Hint: You can blame the software if
a tenant complains. Also, you should let the software send invoice and late fee
reminders to your tenants. Run all your tenant communications through the
property management software. That way you will have a log file of them. Should
you have to go to collections.
Night Owl
If your tenant skips out on you, keep track of all the evidence
and document everything! A good understanding of your state’s laws is critical
(or have legal counsel on retainer). There will be certain procedures you have
to follow for handling abandoned property and taking back possession.
4. Damaged or Mess Up Property
First, make sure you require renter’s insurance. Most web-based
property management software will also provide an option for insurance. This
will help cover more serious damage like fires (even small kitchen
fires). Document all damage, use the property management
accounting software to track all expenses related to the damage and include
photos.
It’s very important to have these protocols and processes in place
before a problem arises. Having these in place will help you avoid unnecessary
headaches.
About PropertyZar
PropertyZar is a real estate technology company specifically in
the web-based property management software for owners and professional property
managers. Learn more www.PropertyZar.com
Content is originally posted at https://www.propertyzar.com/propertyzar-dealing-with-bad-tenants/
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