Renter horror stories are all too common, but they don’t have to be yours. If you’re a property owner, it’s important to take the necessary precautions to avoid them. Here are five renter horror stories and how to avoid them:
1. The tenant who trashed the property
One renter horror story that property owners often dread is the tenant who trashes the property. This can happen for a number of reasons, such as drug abuse or partying, and can result in costly repairs or even a total loss of the property. To avoid this, it’s important to carefully screen tenants and only rent to those who have a solid rental history and are likely to take care of the property.
2. The tenant who stopped paying rent
Another renter horror story that property owners often face is the tenant who stops paying rent. This can be a difficult situation to deal with, as you may not be able to evict the tenant without going through a lengthy legal process. To avoid this, it’s important to require a security deposit and to have a solid lease agreement in place. You may also want to consider using a property manager, who can help you evict tenants if they stop paying rent.
3. The tenant who caused damage to the property
Property damage is another common renter horror story, and it can be expensive to fix. To avoid this, it’s important to require a security deposit and to have a solid lease agreement in place.
4. The tenant who caused a disturbance
Another renter horror story that property owners often face is a renter who causes a disturbance in the neighborhood, which can lead to legal problems and lost rental income while you work to evict the renter. To avoid this, it’s important to screen tenants carefully for any red flags and to only rent to those who are likely to be good neighbors.
5. The tenant who disappeared
One renter horror story that property owners often fear is the tenant who disappears, leaving the property abandoned. This can be a difficult situation to deal with, as you may not be able to evict the renter without going through a lengthy legal process. To avoid this, it’s important to require a security deposit and to have a solid lease agreement in place.
By taking the necessary precautions, you can help avoid renter horror stories and protect your property. If you’re a property owner, it’s important to consider hiring a property manager to help you with this. A property manager can help you screen tenants, enforce the terms of the lease and evict renters who cause damage. With a property manager at your side, renter horror stories can be avoided and you’ll have peace of mind knowing that your property is in good hands.