Re: Long term tenant nightmare - Landlord Forum thread 358530

Re: Long term tenant nightmare by AnonymousFL on September 2, 2018 @15:38

The question you may want to consider is how much of a social worker do you want to be and how much do you want to have a business. It is very nice of you to not raise the rent in a market that supports higher rent, but realize that you essentially gave your tenants $3,600.00 last year, $7,200.00 over two years...$10,000 over 3 years...

If you are in the game to make money, you have provided several reasons why you would be better off with new tenants. If they have not paid their rent, take the opportunity to get them out by either serving a notice to pay or vacate or by sending them a notice to vacate due to not renewing the lease (you didn't mention your state, so it's hard to say what route is best).

As far as upgrades, why reward them for the problems they are causing as well as under-market rent? If something needs to be repaired, by all means repair it to bring it back to it's original condition...but I would not consider doing an upgrade unless it makes the unit more rentable and increases value (ie more rent).

From your post, it sounds like you feel the tenants have all the power. You own the rental. You are the decision maker for your business. It is not the struggle you make it out to be if take ownership of your properties.

Good luck with it.

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