Are you a landlord struggling to keep track of your tenants? Do you constantly find yourself dealing with the same issues, month after month? If so, you’re not alone. As a landlord, you’re likely to face some common problems with your tenants.
No matter how careful you are when screening potential renters, things will not always go as smoothly as you want them to be. Having properties to rent out can be a significant investment, but it also comes with its own set of unique challenges.
Here are six of the most common issues landlords face with their tenants.
1) Late Rent Payments
One of the most common problems many landlords face is tenants who don’t pay their rent on time. Sometimes, tenants will wait until the last minute to pay their rent, which can cause landlords a lot of financial stress.
In order to avoid this, it’s best to have a landlord-tenant agreement in place. This will outline when the rent needs to be paid and how much you’ll charge if your tenants are late on their payments. Furthermore, it’s best to have a landlord property management app that can help track when rent is due and past due.
2) Property Damage
Unfortunately, some tenants will cause damage to the property. This could be due to general wear and tear, accidents, or reckless tenant behavior. Either way, it’s never fun for landlords when this happens.
When you’re renting out your property, make sure that you have a process in place for dealing with any damages caused by tenants. This could involve paying for the damages or deducting the cost from their security deposit.
3) Tenants Who Don’t Respect The Lease Agreement
Some tenants will blatantly disregard the lease agreement they signed up for. This could involve loud parties late at night or refusing to leave when their lease is up. If you’re dealing with a tenant breaking the rules, it’s best to address the situation as soon as possible. This could mean having them sign a new lease agreement, evicting the tenant from your property, or taking legal action.
4) Tenants Who Don’t Take Care Of The Property
In most cases, tenants may have to do some yard work or household maintenance to keep the property in relatively good condition. Unfortunately, not all tenants are reliable or consistent enough to do all these tasks. If your tenant isn’t maintaining the property well, it’s best to talk with them about what needs to be done first.
Without a good relationship with your tenant, you’ll likely run into problems down the line. If this happens, it’s best to have a process for dealing with bad tenants in place. Make sure that you always follow local tenant eviction laws and that you treat your tenants fairly, if they need help moving out of the property, or if they’re breaking any terms laid out by the lease agreement.
5) Tenants Who Are Loud Or Disruptive
One of the most frustrating things for landlords are loud or disruptive tenants. This could involve tenants who play music loudly, having late-night parties, or being generally noisy. If you’re dealing with a tenant like this, it’s best to talk to them about the issue.
Sometimes, all it takes is a polite conversation to get them to stop their disruptive behavior. However, if you’re dealing with a tenant who won’t stop being disruptive, the best thing to do is to evict them from your property. Your other tenants may even thank you for it.
6) Tenants Who Bring In Unauthorized Pets Or Guests
Having pets on your property is a big responsibility, especially when you have more than one pet. Many landlords are okay with tenants having small pets, provided that they don’t make too much noise or damage the property in any way. Unfortunately, some tenants will bring in unauthorized pets without asking their landlord first.
If this happens to you, it’s best to talk to your tenant about what animals they are allowed to keep on the property. Additional charges may also be agreed upon for tenants who bring in pets. These fees shall be used for pet cleaning services, establishing and maintaining fences for pets, and the like.
Having tenants ensure that the rental property gets more income, but they can also be very trying at times. As a landlord, you will be facing varying issues and problems with your tenant and the space they are occupying. So, make sure that you have policies in place to deal with common problems like late payments, property damage, and disruptive behavior. This will help keep your properties running smoothly and help protect the relationship you have with your tenants.