Top 5 Tips To Getting Rid Of Your Bad Tenant
Tip 1: Serve Maintenance Notices.
A good property manager should be conducting regular inspections of the property. If there is damages or maintenance, they can legally serve notices to the tenants to make them repair the damages. This is a great strategy to help a tenant realize the high cost of repairs involved in keeping a property.
Tip 2: Month-By-Month Lease.
Difficult tenants should be kept on short lease terms and if possible a month-by-month lease. If they request fixed term contracts, simply don’t approve it. At this point, it’s wise to increase rent to make other properties on the market more attractive.
Tip 3: Property Improvements.
Every landlord has an obligation to make sure their rental property is kept in good working order. Great landlords improve the property and add to its value every year. This keeps good tenants happy and in a property, long term.
When you have bad tenants, keep all improvements on hold until they move out.
Tip 4: Offer Cash For Keys
When you add up the costs of unpaid rent, repairs, cleaning, eviction notices, VCAT hearings and property management fees – sometimes it’s easier to offer a tenant a cash insensitive to move on. You can position the request in a way that suggests that they will have to move on soon enough. At least this way they have a financial gain that will off-set their moving costs.
Tip 5: Don’t Approve Tenant Requests
A landlord should bend over backwards to keep a good tenant happy. Things like approving home improvements, approving requests for pets or allowing them to add picture frames to a wall. This helps a tenant feel a sense of homeliness and helps create great memories at a property.
Knocking requests back is a great way to flex some necessary landlord muscle to send a message to the tenants. This can help tenants shape up or ship out.