We Buy Houses In Jeffersonville Indiana. We also purchase cash for houses in Jeffersonville and can close quickly, making the selling process incredibly easy for home sellers. Owning a rental property is an excellent way to generate extra income for you and your family. However, if you are faced with bad tenants, your wonderful investment can quickly turn into a nightmare! So as local homebuyers in Kentucky, we will provide you in this post with our favorite tips for dealing with bad tenants!
Do own a rental in Jeffersonville IN? Are you sick and tired of dealing with tenants who aren’t on time with rent or who are destructive to the property? If you have ever experienced a tenant like this, you’ll know it can quickly make you regret owning the rental in the first place! Usually, problems can be remedied on your own, without having to involve outside parties.
How To Deal With Bad Tenants In Jeffersonville IN
Try To Be Understanding In Jeffersonville
While you should treat your investment(s) as a business, there is a time and place to be human. Sometimes good people find themselves in a tough situation. If an otherwise wonderful, long-term tenant is late on rent, you don’t necessarily have to evoke the highest penalty outlined in the lease. If you have an excellent renter with only one minor infraction, it is best to overlook the problem as opposed to potentially losing a great tenant.
Stick To Your Guns In Indiana
You can only be understanding to a point. Once it goes beyond that, you might find that you are dealing with a tenant who is looking for ways to skip out on rent or repairs. If you let someone pay rent late once, they are likely to want to do it again, and again, and again. Be firm with your policy regarding rent payment. While there are situations where you can be flexible, simply not having rent isn’t an excuse. This can be one of the most difficult parts of being a landlord and why many investors hire a property manager to collect rent on their behalf.
Document Everything In Jeffersonville IN
Any and all interactions should be recorded and saved. Write down conversation notes with a time and date, save all texts, emails, and any written contact. Take pictures as needed. In situations where damage has occurred or repairs are required.
Hire An IN Property Manager
As mentioned above, hiring a property manager can take the pain out of collecting rent. However, that is not all they do. A property manager will: screen prospective tenants, take care of maintenance, advertise your rentals, handle tenant issues and complaints, and even deal with the eviction process on your behalf. If you are managing multiple units, hiring a property manager will save you a ton of time and headaches!
Eviction Process In Indiana
Hopefully, you won’t ever have to deal with the eviction process as a landlord. It is a long and stressful process that varies from state to state. First of all, you need to have a good reason to ask the tenant to move. They need to have broken the lease or be behind on rent. At NO point are you allowed to take matters into your own hands, even if they are causing property damage! You will need a court order to remove the tenant’s belongings or change the locks. You will want the courts to see you have done everything right so that they will have no choice but to be on your side in the matter. You will need to provide a formal notice of eviction that includes the day they need to pay by and the amount owed if they want to stay. Place it on their front door and send certified mail so you can prove it has been received. You will have to file with the courts and go through a hearing if the tenant still refuses to move. It is at this point you will be glad you documented everything!
Sell My House In Jeffersonville IN
Bad tenants are few and far between. With careful screening and an iron-clad lease, you can ensure a peaceful living environment for all of your tenants! But if your tenants are a real hassle and causing you a lot of stress and expense, then you can always sell your house in KY directly to Good Neighbor Solutions LLC, the professional Kentucky home buyers. In fact, a lot of rental property owners that sell to us do so because of the frustrations they face dealing with tenants. Depending on who you sell to, you may not even need to evict your tenant first (for example, in many cases, we just purchase and evict for you). For rental property owners with family living in it, this is an ideal solution.