I`d like to hear about any problem tenants you or others you know may be experiencing - you know the ones... & what you`ve done or are planning to do to rectify the situation.
I think it would be a good learning experience so others know what to look out for.
I`ll share my current experience:
Tenants won`t provide post-dated cheques but insist on me picking the cheques up at the house (the house is way out of the way). That`s not the issue though. I don`t mind picking up rent, its when I get there. Once there, before handing a cheque, out comes another very large (very large & much stronger than me!) bullying person with raging complaints about how they want this or that... oh, & these demands for cosmetic improvements of course are to be on the landlord`s bill! Subsequently, written threats of the tenants moving-out unless these cosmetic improvements are completed by a certain date ensue, blah... blah.. blah...
These same tenants were over-the-moon excited about moving in when they did their walk-in inspection, but now they suddenly want this or that - new flooring, light fixtures, landscaping etc...
I used to find it somewhat humerous, actually no, I found it downright hilarious. But now just gets incredibly annoying - I get at least 3 calls a month for "emergency stuff that needs to be done" on the property. However, I find when I drive over there that these "emergencies" are severely over-exaggerated. Because when I get there, everything is just fine.... except the very large person suddenly materializes out of nowhere once again & with the list of cosmetic requests the tenants want provided to them comes out.
I should mention that the house is clean, well run & safe... as are all my properties.
Speaking of my other properties, I just realized I haven`t heard a peep from anyone else of the more than 25 doors I manage elsewhere all year. I don`t usually hear from anyone until they are ready to move out. Most tenants that I sign for 1 year leases have stayed for at least 2 or 3 years - they are all amazing tenants paying market rent on time. This particular place, however, is my only problem property.
Another thing about this place is there`s never just the two people on the signed lease agreement that I have at the property when I get there or when I drive by... instead, to my chagrin, its not uncommon to find four or five people clamouring at the place, using my hydro & free washing machine/dryer etc... need less to say, the wear & tear on the property is horrific as a result.. The repairs & maintenance costs are adding up big-time.
Anyways, I`m sticking to all rules in the lease when I deal with them. And we are finally reaching an agreement in writing to have the deadbeat tenants move out. Quite frankly, these cosmetic improvement demands have become preposterous in my eyes. Alternatively, in their perspective they don`t like that they can`t push me over & that I refuse to succumb to their demands, so we`re effectively agreeing to end the original agreement.
That`s my experience. Get post-dated cheques or EFTs or something to keep at arms length when receiving your rent...
This way you`ll avoid my current frusterating experience.
What are your experiences?
Thanks!
I think it would be a good learning experience so others know what to look out for.
I`ll share my current experience:
Tenants won`t provide post-dated cheques but insist on me picking the cheques up at the house (the house is way out of the way). That`s not the issue though. I don`t mind picking up rent, its when I get there. Once there, before handing a cheque, out comes another very large (very large & much stronger than me!) bullying person with raging complaints about how they want this or that... oh, & these demands for cosmetic improvements of course are to be on the landlord`s bill! Subsequently, written threats of the tenants moving-out unless these cosmetic improvements are completed by a certain date ensue, blah... blah.. blah...
These same tenants were over-the-moon excited about moving in when they did their walk-in inspection, but now they suddenly want this or that - new flooring, light fixtures, landscaping etc...
I used to find it somewhat humerous, actually no, I found it downright hilarious. But now just gets incredibly annoying - I get at least 3 calls a month for "emergency stuff that needs to be done" on the property. However, I find when I drive over there that these "emergencies" are severely over-exaggerated. Because when I get there, everything is just fine.... except the very large person suddenly materializes out of nowhere once again & with the list of cosmetic requests the tenants want provided to them comes out.
I should mention that the house is clean, well run & safe... as are all my properties.
Speaking of my other properties, I just realized I haven`t heard a peep from anyone else of the more than 25 doors I manage elsewhere all year. I don`t usually hear from anyone until they are ready to move out. Most tenants that I sign for 1 year leases have stayed for at least 2 or 3 years - they are all amazing tenants paying market rent on time. This particular place, however, is my only problem property.
Another thing about this place is there`s never just the two people on the signed lease agreement that I have at the property when I get there or when I drive by... instead, to my chagrin, its not uncommon to find four or five people clamouring at the place, using my hydro & free washing machine/dryer etc... need less to say, the wear & tear on the property is horrific as a result.. The repairs & maintenance costs are adding up big-time.
Anyways, I`m sticking to all rules in the lease when I deal with them. And we are finally reaching an agreement in writing to have the deadbeat tenants move out. Quite frankly, these cosmetic improvement demands have become preposterous in my eyes. Alternatively, in their perspective they don`t like that they can`t push me over & that I refuse to succumb to their demands, so we`re effectively agreeing to end the original agreement.
That`s my experience. Get post-dated cheques or EFTs or something to keep at arms length when receiving your rent...
This way you`ll avoid my current frusterating experience.
What are your experiences?
Thanks!