While most rental real estate owners have visions of the ideal tenants who pay their rent on time and keep the property in pristine condition, the reality is that isn’t always the case. In fact, if you’ve been investing in property for any length of time, it is likely that you’ve already run into your share of difficult tenants.
Whether you’ve rented to someone who turns out to be a slow pay (or a no pay), or your property dwellers aren’t quite maintaining the home in the way you’d like them to, there are some ways to handle these situations.
One way is to conduct regular inspections of the property. In doing so, you will be better able to assess what is really happening in your unit(s). Letting your tenants know up-front that you’ll be doing this could nudge them into keeping the property in better shape. It may also even discourage bad tenants from moving forward with renting the property altogether.
If you have a tenant that continues to cause you problems, do not be afraid to move forward with legal action. Unfortunately, there are cases where problems can become even bigger if they aren’t dealt with stringently.
In any case, it is important that you develop and maintain a consistent process with regard to your property management procedures. Here, be sure that your rules and regulations are in place from the very beginning, and that you document everything that occurs with your property-related situations.
As a property owner, you may want to free up your time and delegate the management tasks to someone else, such as an experienced Orlando property management team. In doing so, you can allow yourself to focus on other things, while at the same time benefiting from the ownership of your properties.
Contact Us to find out more about how working with a property manager can benefit you.