Should Owners Do Research Before Using A Property For Rentals

[Chris G.]

I want to see what other peoples opinions are on this topic but I feel a home owner or property owner should look into the risks when renting or handing over a property to a management company.

My example for this is an owner that wanted our management services around 8 months ago lets say, they we're moving far away but wanted to use this second property as a rental. We had a qualified tenant move in a few weeks after on a one year lease. They paid rent on time for around the first 3-4 months, the last 2-3 months they've been paying super late. Of course we do the 3 day notices but unless the owner gives permission to allows us to we can't file for eviction since it's their money. Well for whatever reason this owner was mad they weren't getting paid rent but not wanting to evict after we recommended to do so many times. Of course the tenant figured that out after awhile so they continued to pay late, I feel this was the owners first mistake for refusing to pay to evict. I then got a call from this owner saying they're wanting to move back into the home (the rental) which I explained the tenant has a legal contract you can't just have them leave so you can move back in, I said the only way to get them to leave early is by evicting or them voluntarily moving out early. Which they weren't too happy to hear. I just feel there's a lot of owners like this out there that don't look into these risks or situations prior to giving over a home or renting it themselves and end up blaming whoever they hired assuming it was a risk free business. Happy to hear any other views on this.