Watching old Three Stooges clips is always hilarious. Who wouldn't laugh at their different schemes, many mishaps, and constant failures? You laugh at every poke, slap, slip, and trip because that is what the comedy is all about. However, what if this was real life? Would you want to be anywhere near these three people? The answer is probably a big no. Much less would you want them as tenants? You can put them in roughly three types. They are the schemer, the unruly, and the cheater.
This is the tenant who continually finds ways around the set conditions. They blatantly work around the terms and conditions of their lease for their gain. This not only affects your business but the people around them as well. If subletting is not allowed on your property, they will do it discreetly. They may be using the residential space for a business when it is not permitted. These are just a few examples of schemes some tenants do.
This is the tenant who does not care for their neighbors. They feel as the rules do not apply to them. Whether it has pets or being noisy, they merely do what they please. Their behavior is so devoid of etiquette that is very difficult being near them.
This is the tenant who deliberately avoids paying rent. They will hide from you, lie to you, or even think of ways to ask for extensions. It is challenging to charge rent on them. In many cases, it will have to reach to court before any action is taken on their part.
How Can You Avoid Them?
It is surprising how much you can learn from potential tenants by just doing a background check. Start by asking the right questions, contacting their previous landlords, and talking to former and current bosses. It is the best way to avoid accepting these problematic tenants. Preventing them is your best course of action also to avoid the stress, hard work, and danger of dealing with them.
When you do talk to potential tenants, make sure you lay the terms, conditions, and house rules very clear. Indicate what will happen if they are not followed and ensure they understand the rules. Lastly, make sure you have a good payment system and always check if all payments are on time and received. It is best to have a definite date of payment to enforce and give penalties to late payers.
Avoiding them is your best protection. However, there will always be instances where a problematic tenant will be taken. It is essential to have still the right insurance to best protect you in any issue that may arise. At Mauser & Tobin Co., Inc., we put our clients first by offering them policies that they can afford. Learn more about our products and services by calling our agency at (516) 747-0171. You can also request a free quote by CLICKING HERE.