If you own a rental property, sooner or later, you’re going to deal with a frustrating tenant in one of your properties. Whether they trashed the property, they never pay rent on time, there are too many people living there, or they just call you for every little thing at 2:00am. No matter what the situation, tenants like that will eventually rent your property. Here are 4 ways to deal with a frustrating tenant in Sterling Heights Michigan when it happens it to you.
1. Try To Negotiate With Your Tenants
You can try to reason with your tenants and explain that you provide a service so they need to pay and treat it properly. Perhaps your tenants don’t realize they are inconveniencing you. They may not be paying on time because of their own payday schedule. Communication is key. Make your expectations clear and make sure your tenants know who is responsible for what. Another smart trick is to negotiate a cash for keys scenario. You basically pay your tenant to leave peacefully. Giving them $500 or even $1,000 to pack up and leave over night without destroying your place is a small price to pay to be rid of a bad tenant.
2. Evict Your Tenants
Evicting tenants can be tricky and drawn out, but it’s an option for you. Laws often favor tenants over landlords, so you might have an uphill battle. In the long run, it’s likely better to get rid of a bad tenant and replace them with a good one.
3. Explore Other Legal Options
In some situations, you may be able to explore other legal options, from suing your tenants to getting their wages garnished. It all depends on the situation and the laws governing that situation. Of course, you may need to work with a high priced attorney to do this, but sometimes it’s worth the expense just to get bad tenant out of your rental property.
4. Sell Your Property
If your tenants are a real hassle and causing you a lot of stress and expense, then you can always sell your property. In fact, a lot of rental property owners that sell to us do so because of the frustrations they face dealing with tenants. Depending on who you sell to, you may not even need to evict your tenant first (for example, in many cases, we just buy and evict for you). For rental property owners with family living in the rental, this is an ideal solution.
Thinking About Selling?