Managing a property is not an easy job. Property managers need to have several skills to find and keep quality tenants. Unfortunately, from time to time, there will be tenants that are nightmares. How can you avoid the nightmare tenants and prevent future ones from renting? At Key Renter North Houston, one of our jobs is to make managing a property easy. We work hard to identify and keep good tenants and prevent bad tenants from becoming a problem. Here are some of the most common problem tenants and how to avoid them:
The Tenant That Never Pays Rent
One of the most frustrating tenants are the ones that refuse to pay their rent on time. There are several reasons why a person may be unable to pay rent, but it is extremely frustrating and financially difficult when a tenant continues to pay late. If you want to avoid this tenant, offer multiple payment options. We like to set up a monthly payment draft so tenants do not need to mail a check or send in a payment online. Each month the payment will process and the tenant will continue to live there. However, a tenant with financial troubles can become a burden in a hurry. We do try working with tenants that are experiencing financial difficulties to ensure they can get back on track. However, clear violations of our policy will result in eviction if a tenant is unable or unwilling to work with us on paying rent on time. Here are some proven techniques we use to reduce the risk of nightmare tenants that do not pay:
- Verification of employment and stability of the job
- The tenants’ salary and debt-to-income ratio
- Previous rental history and any red flags such as late payments or evictions
- Credit report
A good tenant screening process is the best way to avoid dealing with serious concerns related to problem tenants.
Property Damage Tenant
There are some tenants that simply do not care about the property. A tenant that damages property will cost landlords a lot of money. You need to deal with a tenant that is constantly breaking things and causing expensive repairs. From fixing stained floors to ripping out sheetrock due to smoke or pet odor, bad tenants are costly. There is a large difference between the tenant with basic wear and tear and one that deliberately doesn’t care about the property. If you want to avoid these tenants, have a strict screening process and monthly rent agreement. A background check is a good way to weed out the people that may have criminal histories of property damage or stealing. Another thing to do is to check their previous rental history.
Contact the old landlords and find out what type of tenant they were and if they would recommend them.
The Angry Tenant
Unfortunately, there are bad tenants that simply love to make your life miserable. These individuals often call you with several problems and complaints. These tenants often struggle to get along with other tenants in the building or they can argue with neighbors and landlords. Angry tenants are volatile as they can cause property damage, and can even involve law enforcement to get involved due to their behavior. A good screening process can help you look for red flags that indicate a problem tenant. Watch their behaviors and the way they interact during an interview and if they are disrespectful.
To learn more about nightmare tenants and how to handle them, contact Keyrenter North Houston today!