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Updated about 1 month ago on . Most recent reply

User Stats

22
Posts
15
Votes
Andrew Katz
  • Rental Property Investor
  • Chicago, IL
15
Votes |
22
Posts

Should I Keep these Tenants?

Andrew Katz
  • Rental Property Investor
  • Chicago, IL
Posted

I've been living in my current house hack for ~1.5, and I placed my tenants in September 2023 (lease is up at the end of August). The house is a new construction in a Class C neighborhood.

The tenants pay late rate ~50% of time, they damaged part of the garage, they have people not of the lease living there, and they leave trash in the yard.

Part of me wants to keep these tenants because:
-They do pay eventually
-I don't want vacancy
-The turnover costs could/will be high
-How much more damage could they do?
-I hate the process of placing tenants

Can someone please set me straight?

Most Popular Reply

User Stats

1,517
Posts
1,245
Votes
Nick Rutkowski
  • Rental Property Investor
  • Ithaca, NY
1,245
Votes |
1,517
Posts
Nick Rutkowski
  • Rental Property Investor
  • Ithaca, NY
Replied
Quote from @Andrew Katz:

I've been living in my current house hack for ~1.5, and I placed my tenants in September 2023 (lease is up at the end of August). The house is a new construction in a Class C neighborhood.

The tenants pay late rate ~50% of time, they damaged part of the garage, they have people not of the lease living there, and they leave trash in the yard.

Part of me wants to keep these tenants because:
-They do pay eventually
-I don't want vacancy
-The turnover costs could/will be high
-How much more damage could they do?
-I hate the process of placing tenants

Can someone please set me straight?

I stopped reading after your tenants letting people who are not on the lease live there. Now you have a problem because the new people are technically squatting. 
I would not renew their lease then find someone who can pay their rent on time and will obey your rules. 

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