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How to handle problematic tenants

By Staff Reporter
Lisa Indge
0

Lisa Indge, Managing director, Let's Rent

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If you have a problematic tenant, this one is really easy for me, you should get rid of them. It's not- You should not keep a tenant that is difficult or causing you problems. Having an investment is not about creating difficulties in your life and I feel really strongly about this. If your tenant is behind in rent, don't just say 'Well it's only a few days here or there', take action and let them know that it's not acceptable behaviour. Equally if the tenant is not looking after the property make sure that you make it clear that that is also not acceptable even if you need to take them to tribunal to set that up. If you do need to evict the tenant, the preparation at tribunal will be really important.

Listen to other instalments of The Smart Property Investment Show:
Episode 53: 6 properties in 2 years: how this investor is achieving his goals
Episode 52: Will property prices fall? When? And by how much? What investors need to know
Episode 51: SPECIAL EPISODE: SPI team reveals all the financial details of its portfolio
Episode 50: 8 properties by 25: Former housing commission kid reveals how he changed his life and created wealth
Episode 49: How to build a sophisticated multi-property portfolio
Episode 48: ‘From just $2,000 in my pocket to 6 properties’
Episode 47: The SPI Show answers more listener questions: Special episode
Episode 46: 4 properties by 24 – how to build a portfolio without sacrificing fun, travel or food
Episode 45: Special guest Mark Bouris on what really makes property prices rise and when to invest
Episode 44: ‘11 properties by 31, now I’m stuck: What’s next?’
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