Nightmare tenants are those that turn up on television tabloid news shows, usually running away from the camera. They are the ones you DON’T want renting your property.
These days, lots of people are investing in property and it can make sense. One of the most popular ways to make a healthy turnover from property investment is to rent it out to either long-term or short-term tenants. Whether you go for long-term or short-term tenants is up to you. People who live in tourist hotspots often prepare to rent out their property as a holiday let. However, those who don’t wish to clean it every week are better suited to renting their home on a long-term basis. But NOT to nightmare tenants.
For the majority of landlords, dealing with tenants is a very pleasant experience. But what happens when you end up renting your property to nightmare tenants? Well, the first thing you need to do is evict them (which is why you should probably think about a Property Manager). Then, follow these tips to salvage your property!
Give It A Deep Clean (to Sanitize Away Nightmare Tenants)
Most tenants turn out to be a nightmare because they are quite dirty. Generally speaking, it should be fine if you let your home to someone who is messy but tidies after themselves. It’s when they don’t really take care of all the grime and dust that accumulates – that is when you have a problem on your hands!
That’s because long-term dirt can be very difficult to get rid of and you might have to enlist the help of Whizz end of tenancy cleaning. Once you have given the property a good old deep clean, it will start to feel as good as new again!
Sort Out Any Repairs
There is a good chance that nightmare tenants might not have taken too much care of the furniture and appliances in your property. As a result, there could be a considerable number of repairs to make.
Once you get back into the property, be sure to go around every room and double check everything in them. You might need to hire specialist handymen to check and service the electric wiring and heating system to make sure they are still in working condition.
Some landlords who rent out their properties on a long-term basis let their tenants redecorate. Once your tenants move out, and you get inside the property, you might be in for a bit of a shock! Not everyone has the same decor tastes, so there is a good chance that you won’t be happy with the way that your apartment or house has been decorated.
So, it’s necessary to redecorate. If you are hoping to rent it out again, you are better off going for neutral tones, such as whites and creams. Remove any evidence of a bold interior design as this may put off future well-meaning tenants.
Get Some ‘Nightmare Tenants’ Insurance For Next Time
Hopefully, this experience with bad tenants hasn’t put you off renting out your property for good. One way you can protect yourself against another nightmare is by getting your whole home insured. There are even some insurance providers that offer landlord insurance, which will give you even more coverage.
Not all tenants turn out to be a complete nightmare so, hopefully, you haven’t been put off from making some extra cash this way!