Some tenants are a dream for landlords – others are a nightmare!
Here are the top 7 horrors for landlords this Halloween, and how a property management team could help you avoid them:
Tenants who never pay on time.
How can you meet your mortgage payments if your tenants don’t pay on time?
Some tenants have every excuse in the book – from family problems and car breakdowns to waiting for payments for work or benefits.
A property manager who knows your tenants well and knows their circumstances, can help you differentiate between genuine problems and excuses. The best managers, like Louvain Properties, can guarantee you get your rent on time.
Renting to party animals?
Loud noise and music at all times of the day and night can mean a local authority’s noise control team is called in or the police are called.
This can be a worrying and exhausting situation for a landlord and neighbours.
A good letting agent who carries out effective background checks can help to filter out problem tenants like this.
If they’re called into an existing problem, they can act as a liaison with the authorities for the landlord and ensure tenants comply with the terms of their tenancies.
Tenants who disappear owing large amounts of back rent.
Having to involve an external debt collection agency or a private investigation firm to track these tenants down can be costly.
Far better to hire a property manager who vets potential tenants effectively to nip this problem in the bud – weeding out those without good financial references – and who get you your money, reducing your risk. Louvain Properties also offers debt collection on a ‘no collection, no fee’ basis.
There are internet tales of stolen pipework and boilers, smashed baths and sinks, fires set in floors, and graffiti.
A pro-active property manager who vets tenants and carries out regular inspections can cut down on the risk of problems like this.
Tenants with fake references.
This can be the root of many problems like late payment and poor behaviour – and a property manager will rigorously check references to help you ensure you get good tenants with a track record of prompt payment and keeping properties in good order.
Chronic complainers – no matter what you do.
We’re talking about those who always have a long list of gripes, even though a landlord makes repairs promptly and keeps their property in a good condition.
Your manager can act as a buffer between you and these tenants.
Tenants who don’t inform their landlord about problems.
How can you fix a broken shower or a smashed window if you don’t know about it?
Your property manager will keep an eye on the fabric of your building with regular inspections.
Want to avoid bad tenants turning your property into a house of horrors? Take a look at our services for landlords here: http://louvainproperties.co.uk/services/.