If you own a rental property but your tenant trashed it then make sure you read this article because we’re addressing the all-too-common problem that landlords have when this happens.
Do you own a rental property? Did you have a tenant leave it in less-than-perfect condition? It happens! In fact, it’s an experience that probably every landlord has faced at least once. Here are some things to consider when this happens:
Is it worth going after the tenant?
You need to first assess the damage and decide if it’s worth going after the tenant for the damages. Unfortunately, it’s not uncommon to have a tenant trash a rental property. isn’t worth the hassle because it may be a very time-consuming process and a very expensive effort to get the tenant to eventually pay you back. However, if the damage is significant enough, it may be in your best interest to go after the tenant with the close guidance of a local attorney.
Is it worth repairing the damage?
From holes in the walls to missing toilets – we’ve heard of just about everything you can imagine! Sometimes a bit of drywall and paint is all it takes to fix the problem, which is usually simple enough that you may decide to fix it up and rent it out again. However, if the damage is significant enough and not worth repairing yourself then you may consider selling the house.
You could sell the house
Sometimes the best option is to sell the house and move on from owning a frustrating rental property. However, be aware that if you try to sell the house on the open market to get the maximum price possible, you may have to fix it up first in order for the agent to list it at “top dollar”.
If fixing your property up to make it retail-ready doesn’t sound appealing to you then another option is to sell privately to a local house-buying company like ours. We buy houses in as-is condition and we’ll fix them up ourselves to relieve you of the hassle of having to do all that work yourself. If you had a tenant trash your home, let us help by making you an offer to escape the burden quickly.