![\"\"](\"https:\/\/propertyzar.com\/wp-content\/uploads\/2021\/07\/protect-property-renters.png\")
If you\u2019re a landlord or\u00a0property manager, you\u2019ve probably had your fair share of bad tenants. It\u2019s inevitable that as a property manager, you will have a bad experience with a tenant at some point. Late payments (or no payments at all), being a constant disruption to the neighbors, violating the rules in the\u00a0rental contract, illegal activities\u2014these are just some of the most common problems landlords face with bad renters every single day. Unfortunately, there\u2019s no foolproof way to avoid a bad tenant. Even the most thorough screening process can still allow bad renters to slip through the cracks. However, there are a few things you can do to protect yourself and your investment in the event you end up with a problem tenant. Read on to learn how you can protect your property from renters.<\/p>\n
Attract a quality tenant.<\/strong><\/p>\n The best way to protect yourself from bad renters is to avoid them entirely, right? As we touched on above, there\u2019s no sure-fire way to prevent yourself from renting your property to a tenant who intends to cause you nothing but headaches and trouble, but there are some steps you can take to protect yourself from ending up in this position. For example, by making a few simple upgrades to your property, you\u2019ll be able to make it even more attractive to higher-quality tenants. Even small projects that aren\u2019t overly expensive or time-consuming\u2014like repainting the walls or\u00a0adding window treatments to each room<\/a>\u2014can capture the attention of tenants who will appreciate a more updated space (and may even be willing to pay a little more in rent, too).<\/p>\n Perform background and credit checks.<\/strong>\u00a0<\/strong><\/p>\n Many landlords mistakenly skip this step in the\u00a0screening process\u00a0because it costs money, but if a few dollars is all that stands between a good tenant and one who could potentially create heaps of problems for you in the end, then we say it\u2019s well worth the small investment. Background checks vary in cost, but most can be completed for anywhere between $10 and $25. Credit checks cost anywhere between $30 and $50 and can provide you with information regarding a potential tenant\u2019s credit history, including late payments, loans, and any evictions. This information can help you determine whether a renter is right for you based on how well they manage their money. Be mindful when considering a renter\u2019s credit score. A low credit score doesn\u2019t necessarily mean a bad tenant. There are a number of reasons why someone might have a low score, such as divorce or no credit history. Instead, use the report as a whole to determine whether the tenant is right for you.<\/p>\n Sign a rental agreement.<\/strong>\u00a0<\/strong><\/p>\n Most states agree that both written and oral contracts are legally binding and enforceable by the law. However, when it comes to renting out your property to a tenant, written agreements between you and your tenants are in your best interest. The rental contract should include the rental rate of your property and when rent is due, the amount required for a security deposit, the length of the rental agreement and any other terms you want to include, such as rules about smoking or how many pets are allowed on the property. In the event that a bad renter violates the terms of your agreement, you will be protected should you have to take your case to civil court.<\/p>\n Require a security deposit.<\/strong><\/p>\n As a landlord, you\u2019re not legally required to\u00a0collect a security deposit<\/a>\u00a0from your tenant, but it\u2019s highly recommended that you do. A security deposit is an amount of money\u2014based on the rental rate and varies by state\u2014that a tenant agrees to pay before moving into a property. Many landlords request security deposits from their tenants to protect themselves in the event the property becomes damaged and requires repairs or there is a breach of contract. Depending on which state you live in, you only have a certain amount of time to return the deposit once the rental agreement has ended. As soon as your tenant moves out, make sure to inspect your property thoroughly and let your tenant know (in writing) whether you\u2019ll be returning their deposit based on its condition at move-out.<\/p>\n Document everything and do walk-throughs.<\/strong>\u00a0<\/strong><\/p>\n First and foremost, before any tenant moves into your property, you should always make sure to\u00a0document its condition thoroughly. This includes taking photographs and videos of the property from the top-down, including the walls, flooring and windows. Throughout a tenant\u2019s occupancy, keep records of your interactions and document any complaints and warnings you have to give. As a landlord, you\u2019re allowed to do a walk-through of your own property. Consider including a term in your rental contract that requests at least two walk-throughs during the agreement. Give your tenants at least 24 hours\u2019 notice and make notes of the property\u2019s condition during the walk-through. Always make sure everything you document has a date and time stamp on it.<\/p>\n Make sure you have insurance.<\/strong><\/p>\n While it\u2019s not required by law that you have an insurance policy on your rental property, it\u2019s highly recommended that you consider getting one. As a landlord, you need to be able to protect yourself from the financial risks associated with a bad tenant, including nonpayment of rent, property damage and even liability for accidents in the event your tenant is injured on your property\u2014all of which can become very expensive if you have to pay for it out of pocket or face a civil litigation case. We recommend getting an insurance policy that is specifically designed for landlords that protects them from these risks and more.<\/p>\n Know the law.<\/strong><\/p>\n As a landlord, it\u2019s important that you understand your rights and responsibilities, as well as the rights and responsibilities of your tenants and what is allowed when it comes to a landlord-tenant rental agreement. Make sure you have a clear understanding of the\u00a0landlord-tenant laws in your state<\/a>\u00a0so that you will be able to protect yourself if you end up with a problem renter. Each state and municipality has its own unique landlord-tenant laws and ordinances. You can find more information about your state\u2019s laws on the Department of Housing website.<\/p>\n Kenneth Gordon serves as the Assistant VP of\u00a0Factory Direct Blinds<\/a>. Kenneth is responsible for overseeing the planning, development and execution of all Factory Direct Blinds marketing and advertising initiatives. Before joining Factory Direct Blinds, Kenneth served 6 years in the United States Air Force as a Military Police Officer. Kenneth enjoys spending time with his two sons and beautiful wife Brittany when he\u2019s not working or writing.<\/p>\n PropertyZar is a real estate technology company specifically in the web-based property management software for owners and\u00a0professional property managers<\/a>. Read more\u00a0Top Property Management Blogs<\/a>.<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":" If you\u2019re a landlord or\u00a0property manager, you\u2019ve probably had your fair share of bad tenants. It\u2019s inevitable that as a property manager, you will have a bad experience with a tenant at some point. Late payments (or no payments at all), being a constant disruption to the neighbors, violating the rules in the\u00a0rental contract, illegal […]<\/p>\n","protected":false},"author":1,"featured_media":337062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96742],"tags":[14928,1409,16570],"dealstore":[],"offerexpiration":[],"class_list":["post-337061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-property","tag-protect","tag-renters"],"yoast_head":"\n![\"\"](\"https:\/\/propertyzar.com\/wp-content\/uploads\/2021\/07\/rental-contract.png\")
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