Any relationship in life is bound to experience conflict, including business relationships. Your landlord-tenant relations may be going through a storm and it could be stressing you out. You may even be ready to give up being a landlord. Or perhaps you are looking forward to investing in rental property and you want to have a realistic anticipation of what lies ahead of you. Whatever situation you may find yourself in, this post was written for you.
Top on the list of your concerns could probably be the payment of rent by your tenants. After all, that’s why you got into this business – to make money. So how do you avoid the problem of unpaid rents? Erin Eberlin tells you how:
How to Choose the Best Tenant for Your Rental
There are good tenants and there are bad tenants. While no screening method is fool-proof, there are certain factors you should look at that will give you a better chance of finding a great tenant for your rental. Following these seven tips can help you make the best choice. Read more at The Balance…
You can get things right from the onset of your real estate venture by choosing a reliable person to work with. This will help you avoid getting into hot soup later on.
Are you having issues with your tenant already and feel that your solution is long overdue? The following post should cool you down and offer a way forward:
How to Deal With Bad Tenants
Every property manager’s worst dream is having a tenant from hell on his property. These types of tenants can give you all sort of problems and make your job even more difficult for you. If you are not careful, they will ruin your reputation and give you a bad name.
Unfortunately, we all have to deal with bad tenants at a point in time. In most cases, you cannot detect that someone is going to be a bad tenant even with the most elaborate screening process. Read more at Los Angeles Property Management Group…
As a property owner or manager, understand that it’s possible to handle bad tenants in a professional way, even if it’s your first time. By the end of that process, you’ll have developed a thicker skin so you can better handle tough situations.
As you do that, you may want to familiarize yourself with some of the common problems that arise in landlord-tenant relationships. One of them is a breach of contract, as explained in the following post:
Common Breaches of Contracts
Sometimes, the wording in a contract can be subject to differing interpretations by the involved parties. Contract disputes are common when the contract uses language that is either too vague or highly complex. Contract breaches generally fall under four common types:
Anticipatory breach: When one party states ahead of time that it does not intend to fulfill its obligations under the agreement, it is referred to as an anticipatory breach.
Fundamental breach: Also known as a repudiatory breach, this happens when a party refuses to fulfill all or a substantial part of its obligations in the contract to which it is bound. Read more at SMRL…
Now that you know what to do and what to avoid, you can make a decision on your next course of action.
You may feel that you are through with your rental property in FL and want to move on to something else quickly. If that is you, then selling your property to Sell Fast Fair Offer gives you the best chance at a smooth and stress-free procedure.
At Sell Fast Fair Offer, we give you a fair cash offer within 24 hours of contacting us. You won’t need to worry about commissions and fees. Additionally, you get to choose when you want the closing done, giving your tenants adequate time to evacuate.