Real Estate Information

Dealing With Difficult Tenants


When managing residential properties one bad tenant can often undo the good work that one hundred excellent ones may have achieved. A bad tenant is a bad tenant regardless of whether they are in the West Riding, Western Australia, Westchester, Wanganui or the Western Isles.

And those bad tenants come in six fishy flavours, and any professional letting agent will soon recognise them. They are:

· The Piranha. The rowdy snapper who upsets the neighbours
· The disappearing Dogfish who ups and does a runner
· The Sprat, who can't or won't pay the rent
· The destroyer Shark who damages or wrecks the place
· The moaning Marlin who will find fault with everything
· And lastly good old Barnacle Bill, who downs anchors and refuses to move

Any letting agent who tells you they have never housed a bad tenant has their pants on fire. All letting agents experience bad tenants from time to time, the test of their expertise is in how they deal with them. Amateur and new letting agents can often be bamboozled by dealing with the six difficult fishes. Worse than that, they can often overstep the mark in trying to solve the problem.

Occasionally landlords and property owners will try and bully the letting agent into taking inappropriate or even illegal action in an effort to bring the matter to a successful conclusion. Agents should always resist this. Flirting with and overstepping the legal line when dealing with bad tenants is fraught with danger, as it will be the Agent and not the landlord, who will always be held to account.

Property Agents run the risk of changing from operating within the law, with the full weight of the law behind them, to being outside the law, and at real risk of prosecution themselves. It's a risk never worth taking.

There are ways and means of dealing with all the six fishes, legal ways and means, and anyone letting residential property should always bear that in mind. Stay within the law, and you will experience far less sleepless nights.

Copyright David Carter 2005. Reproduced with permission.

David Carter was for more than ten years the manager of a property letting agency where he presided over thousands of successful property lets, sales, and refurbishment projects. His new book, SPLAM! Successful Property Letting And Management runs to over 240 pages and can be bought from Amazon, Barnes and Noble, or ordered through your usual bookstore. The ISBN is 1-4116-3444-6. You can read extracts from the book, or buy a downloaded copy, at http://www.splam.co.uk. You can contact David on any matter at supalife@aol.com


MORE RESOURCES:
More than 40 states signed onto a proposed $25-billion deal with major mortgage servicers over faulty foreclosure practices. New York, Nevada and Delaware joined California in holding out for better terms.

More than 40 states signed onto a proposed $25-billion settlement with major mortgage servicers over faulty foreclosure procedures, but California, New York and other key states were still not among them.



California has until Monday to share in a multi-state deal with banks to obtain mortgage relief and reforms. Atty. Gen. Kamala Harris, who walked away from talks last year, says the door remains open.

With a Monday deadline at hand, California officials have resumed direct talks with the Obama administration about joining a multibillion-dollar, multi-state mortgage settlement with the nation's largest banks, a source said Sunday.



The talk show host pays $12 million for the 4,088-square-foot house with four bedrooms and four bathrooms. The ocean-view home sits on 1.26 bluff-top acres with beach access.

In one of the more talked-about transactions in town, actors Brad Pitt and Angelina Jolie have sold their Malibu beach house to daytime host and comedian Ellen De Generes for $12 million.



The four-bedroom, five-bathroom house built in 1920 for industrialist James Wigmore lists for $2,875,000.

A decorative cast stone entrance opens to this restored Spanish Colonial Revival-style house in Pasadena's South Orange Grove area. Built in 1920 for industrialist James Wigmore, the house retains such original details as coffered wood ceilings and arched doorways.



They don't believe they can sell their property for what it's worth, so they're spending money on making their homes more comfortable.

Do you fit any of these descriptions?



A biennial research report by the National Assn. of Realtors indicates that a handful of real estate agents and brokers and their clients either don't know the law or don't care to follow it.

When it comes to lawsuits, real estate agents and brokers tangle mostly among themselves.



The president aims to help about 3.5 million people with good credit who are unable to refinance at historically low rates because their homes are worth less than their mortgages.

 



The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments.



The Standard & Poor's/Case-Shiller index of 20 large U.S. cities fell 1.3% in November from October as foreclosures continue to drag down the housing market.

Three straight months of home-price declines in the biggest U.S. cities showed that foreclosures remain a significant drag on a housing market that is entering its fifth year of deterioration.



L.A. Clipper Chris Paul may be quick down the court, but he moves pretty fast when it comes to buying multimillion-dollar real estate too.



home | site map
Realty Web Services © 2007 MesaSky Services