Tenancy and rental options are very reliable source of extra income for home owners who have the resources and determination to maximize their readily available materials.
Hence, it is an imperative resort to screen your tenants and prospective renters in a careful and thorough manner before you make any final decisions and give them the key to your property.
Remember that there are tenants and landlords guides and regulations to ensure the safety and wellbeing of both parties.
Furthermore, making this initial step is a great way of assuring that you will not encounter future hassles and problems especially in handling problem tenants.
Your ultimate goal and objective in putting your property for lease is to make profit and generate income out of your investment.
However, there are unfortunate cases when landlords suffer unnecessary consequences for their ventures in making a big mistake of taking in problematic renters who are more of a liability than assets.
There are certain indicators that renters are going beyond their boundaries and violate certain rules that they ought to comply with.
Landlords must basically make clear whatever rules or regulations they want implemented in their property and observed by those who will occupy it.
These rules are duly stated in the contract agreement documented and signed by both tenant and landlord.
If in case tenants continue to make violations despite of his prior knowledge about the rules, then it is high time you mark them as problem tenants.
Oftentimes, excessive noise particularly in wee or unholy hours of the night, major damages in the property, issues on sanitation and cleanliness and the inability of renters to comply with their monthly financial obligation are the most common roots of the dilemma.
Chronic or repetitive actions of such inconsiderate activities are solid grounds for eviction of the occupants.
Forcing them to vacate the property due to such offenses and violations is possible although you need to check your Landlord Legal Guide first.
In some states, forced eviction is allowed however it is an illegal offense in others.
If the tenant makes the offense for the first time, you may give him a verbal warning to serve as his conscious guide in order to avoid the same mistake.
If he continues to be a burden to the landlord, you may give a written warning giving him ultimatum and possible consequences of his action.
Should the action or problem continues, you may settle things with him once and for all.
If the issue is regarding payments and rents, you may make compromises or promissory notes to give them due consideration.
There are local authorities you can ask for help if the renter does not budge in your warning especially for non-payment issues.
You may check with the provincial or territorial rental authorities who are in charge of such issues and concerns.
There are innumerable sources you can access and contact details to communicate with your local officers who are directly managing landlord and tenant issues.
Keeping a good relationship with your landlords or tenants is a must to maintain your quality of living.
If you have problem tenants, make sure you deal with prudence and reasonableness in all your decisions.