Bad tenants are bad for the business. But sometimes, even the most stringent screening process and background checks could let one horrible renter slip. In a competitive property business such as in Denver, good relations with bad tenants still matter. Here are the most common types of bad renters and how you should deal with them:
Or the ones who pay late. Often, they would tell you they’re experiencing a rough patch, or the payment just slipped out of their mind. Of course, there’s always a tinge of the benefit of the doubt in what these tenants say, but the fact that they signed your lease and agreed to its payment terms means they have to abide by it.
Get in touch with them immediately. If you could personally talk to them, do it. Note that these are sensitive, legal discussions. Most landlords enlist the help of rental property management companies in Denverfor this.
These are the people who make a fuss about every little thing—the locks on the window, a new door, broken pipes in the middle of the night, etc. While some complaints are valid, others can go over the top, sometimes for the sake of discounts. In such situations, you need to have honest communication with them, at the same time, be discerning in which complaints you have to address.
This is the renter who damages the property. Sometimes, it’s done unintentionally, but the fact of the matter is the damage has been done. Your property, the moneymaker, is trashed. What you should do here is compute the total damages done and check if they’re liable for the expenses. If they are, discuss the costs, ask the reasons behind the property damages, and at least secure a commitment that this won’t happen again.
Bad tenants make for bad business. But with good tenant relations strategies, you might have a shot at turning this bad into profitable.