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 Reno and the surrounding areas.
Evict
If your first choice of action is eviction to handle bad tenants in Reno, 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?
Understanding Attitude
it’s incredible how an understanding attitude can make a difference when you must handle bad tenants in the Reno area. 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.
Boundaries
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 Reno and the surrounding area 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.
Document
When handling bad tenants in Reno, 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.
Hire Professional Property Managers
When you hire professional property managers, you no longer have to try to collect rent and handle bad tenants in Reno 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 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.
There you have it, 5 ways to handle bad tenants. However, if you are at your wit’s end and don’t want to deal with any more bad tenants, there is always the option to sell the investment property. Feel free to reach out to us at Envy Property Solutions, LLC and let us help you find the right solution, whether you use our services or not. Contact Envy Property Solutions, LLC at (775) 391-5236.