The 5 Biggest Mistakes You can Make Around Rent & Eviction:
Money and contracts are always tricky subjects.
People often find themselves getting really
uncomfortable whenever a potential financial or
legal disagreement seems to be rearing up. And
when you’re in the business of collecting rent,
problems of getting paid and ending leases are
bound to happen sooner or later.
Let's talk about...
The 5 Biggest Mistakes You can Make Around Rent &
Eviction
Becoming Inconsistent with your Rules.
Anything that is written in the lease agreement should be
obeyed. Remember ,when you set up your
lease with a tenant you are entering into a legal
contract.
Delaying the Eviction Process
it's tough, you don't want someone to take
advantage of your kindness. If you have issued a
written warning but your tenant still fails to
comply, then issue the 10-day notice of eviction.
Attempting ‘Constructive’ Evictions
It may be tempting to find ways to make their stay
less comfortable, but remember, a small
retaliation could wind up causing you a whole lot
more legal troubles.
Accepting Partial Payments
Allowing this to happen once may lead to a series
of partial payments and a continuous trend of you
not getting the rent on time.
Accepting Sob Stories
Your tenant has a really good ‘down on their luck’
story of why they only have some of the rent this
month. But keep in mind that this is also your
investment and a business...
Are you having a hard time dealing with your tenant in terms of payments?
Are you an experienced landlord?Want to become one? Or planning to get your property rented?
If you are not sure about anything, we are here to help.
Consultation is FREE.
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Bolld Real Estate Management is a licensed professional property management company in Vancouver.
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