No tenant screening process is 100% successful. No matter how diligent you are in carrying out background checks on your applicants, you will have a few bad tenants in your rental property. These tenants will create trouble and make managing your investment feel like a worthless exercise for you. However, there is no need to worry about these types of tenants if you know how to handle them as a landlord.
Have a policy in place and be consistent
If you are firm and follow the Act strictly, there is no way a tenant can cause any problems for you as a landlord. Act as soon as there is a breach of the terms of the lease agreement. It carries a strong message to the tenant that breaching the terms of their agreement will not be tolerated. Tenants can be only as bad as you allow them to be.
Carry out property inspections regularly
Never take it for granted that your tenants are well behaved. When they know that there will be a property inspection on a certain date and time, they prepare the property and make sure it is clean and presentable. If you postpone or ignore routine inspections, you are sending a message to your tenants that you are not concerned about how they present the property.
Be ready to act with terminations
There are some tenants who continue to breach the terms of their rental agreement. These tenants become blasé when they are sure you will not take legal action against them and they will continue to pose problems for you.
If you’d prefer not to have the hassle of dealing with less than perfect tenants it might be worth considering having a property management agency look after your investment property for you.