podcast

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 74: How this investor plans to double his portfolio within 10 years
Episode 73: Bad builders: how this investor bounced back
Episode 72: Policy changes to interest-only loans: what buyers need to know
Episode 71: How this 'stubborn' investor recognised a property lemon
Episode 70: How this investor complements each property and balances his portfolio
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
Episode 68: Special episode: audience discussion live from the Property Buyer Expo
Episode 67: Don’t get ‘caught up in the now’: an expert reveals his tips for success
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
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