Do you have tenants who don’t pay rent? This is one of the most frustrating things about being a landlord. We’ll talk about how landlords in Savannah are dealing with tenants who don’t pay the rent in this article…
Having tenants who don’t pay rent puts you in the same position as many landlords. It’s frustrating, and there’s little you can do about it. The following is how landlords in Savannah deal with tenants who don’t pay rent.
As a general rule, the best defense is a good offense, meaning you need to do a background check on your tenants, and you need to have a written contract. However, there are other options available to you…
#1. Avoid the situation
It is possible to avoid the situation and hope they pay. There is no doubt that this is not the optimal option, but it is one that many landlords use. It’s just a matter of hoping next month they’ll pay on time, and maybe even catch up. Although it is unlikely (it rarely happens), we are including it here as a possibility just in case. Obviously, this strategy is not recommended when dealing with tenants who do not pay rent because it opens the door for your tenant to take advantage of you.
Perhaps they just need to work out a different payment schedule. Most renters cannot afford to pay each month; some tenants can pay by the week because it’s a smaller payment. Maybe you can negotiate a discount on the rent in exchange for them doing some work around the property. Make sure your agreement with your tenant works for both of you if you decide to negotiate with them, otherwise, you’ll just feel more frustrated!
Although you can try evicting them, be aware that this can be a complex, time-consuming process, involving some legal issues as well. Most laws favor the tenant over the landlord, making evictions difficult. Though this may be worthwhile in the long run if you can get a paying tenant for your rental property.
Selling is another option. If you’re constantly frustrated with your rental property, then it might be the best option for you. Imagine selling a property and moving on with your life – and not having to deal with tenants’ annoying troubles anymore. This gives landlords a new sense of freedom.
At 32Homes LLC, we buy frustrating rental properties from landlords just like you who are burned out, exhausted, frustrated, and just want to get their lives back on track.