We Buy Houses In Louisville Kentucky. We also purchase cash for houses in Louisville to home sellers who need to sell their property fast for cash. Do you have tenants who just aren’t paying rent? It’s one of the most frustrating aspects of being a landlord. So as local homebuyers in Kentucky, we’ll talk in this article about how Louisville KY landlords are dealing with tenants who don’t pay rent.
If you have tenants who aren’t paying rent then you’re facing the same dilemma that many landlords go through at least once. It’s frustrating and unfortunately, your options are limited. Of course, the best defense is a good offense – meaning that if you are careful about doing a background check on your tenants, and if you have a contract, then those things will help you. Here’s how Louisville KY landlords are dealing with tenants who don’t pay rent.
#1. Avoid The Situation In Louisville
You could avoid the situation and hope they pay. This is definitely not the best option but it is an option that many landlords take. You can just ignore it and hope they’ll pay on time next month and maybe even catch up. Frankly, it may not happen (it rarely does) but it could happen so we’re including it here as a possibility. When dealing with tenants who don’t pay rent, we don’t recommend this strategy because it opens the doors to the possibility that your tenant will take advantage of you.
#2. Negotiate In Louisville Kentucky
You could negotiate with them because maybe they just need a different payment schedule. Not everyone can pay easily each month; some renters can pay better by the week because it’s a smaller payment. Or maybe you can get them to do some work around the property in exchange for a discount on the rent. If you choose to negotiate with your tenant, make sure you get an agreement from them that works for both of you, otherwise, you’ll just feel even more frustrated!
#3. Evict In Louisville KY
You can try to evict them, although be aware that this can be a complicated, time-consuming process that may involve some legal hassles too. Eviction is very difficult to do, especially since many laws favor the tenant over the landlord. It may be worth doing this in the long-run, though, if you can get a paying tenant into your rental property.
#4. Sell In Kentucky
Another option is to sell. If this is just one of many frustrations you’re facing with your rental property then it could be your best option! Just imagine selling the property and getting on with your life – and not having to deal with tenants and their annoying troubles any longer. Many landlords love the new-found freedom they get when they sell.
Sell My House In Louisville KY
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 professional Kentucky home buyers such as atCash Offer Kentucky. 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 buy and evict for you). For rental property owners with family living in the rental, this is an ideal solution. At Cash Offer Kentucky we purchase frustrating rental properties from landlords like you who are burned out, worn out, frustrated, and who just want to get their lives back.