If you own a rental property but had a tenant trash it when they leave then make sure you read this article because we’re addressing the all-too-common problem that landlords have when they say, “Help! My last tenant trashed my house!”
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. If you looked at your empty rental property and said, “Help! My tenant trashed my house” then here are some things you can do about it…
Is it worth going after the tenant?
You need to first assess the damage and decide if it’s worth going after the tenant. Unfortunately, it often isn’t worth the hassle because it may be a time consuming and even expensive effort to get the tenant to pay you back. However, if the damage is significant enough, you may choose to do this.
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 will fix the problem, in which case you may want to fix it up and rent it out again, and then just accept the inconvenience as the cost of doing business. However, if the damage is not worth repairing yourself then you might be interested in a couple of other options:
You could rent your house to a handyman
One little-known option that is actually really helpful is to find a handyman who wants to rent the house. In exchange for a discount on rent (or even free rent) they can fix up the house for you to make it a nice rental property again. Make sure you have a timeline all spelled out, though, to avoid then staying too long without a lot of work getting done.
Hire a Property Manager
If tenants trashed your house, its is likely you aloud bad tenants into your house. If your your house was trashed by tenants while under a property management company, make sure your Property Manager conducted a proper screening of the tenants. When you hire a property manager in the Reno Nevada area, they will screen the tenant to make sure they didn’t have issues at their previous rental. Property Managers will talk to ex landlords, managers, apartment complexes, employees, etc and make sure they are right for the rental. If you are looking to a Property management Company in the Reno Nevada Area, Contact me today for more in formation about property management companies in Reno Nevada.
You could sell the house
Another option is to sell the house and move on from owning a frustrating rental property. There are several way you can go about this if you deccied to sell your house. You can sell it on the open market or you can sell to an investor who is willing to take the property as-is so you don’t have to make any repairs.
If you are looking for a Real Estate Agent in Reno Nevada to sell your house, I will be happy to help you get it sold as quickly as possible
Be aware that you do not have to fix the house up before you put it on the market. if you decided to put your trashed house on the market without repairs you are limiting your pool of potential buyers.
Another option is to sell privately to a house-buying team. Since I deal with investment properties, I have come across Real Estate Investors who are will to buy your house as-is condition. Since they work directly with me, you will not have to pay a commission and al closing cost are covered. Contact me here for more information.