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Updated about 10 years ago on . Most recent reply

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31
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Charles Davis
  • First Time LandLord Bronx, NY
1
Votes |
31
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Worst Tenant ever need advice

Charles Davis
  • First Time LandLord Bronx, NY
Posted

Hello guys , 

I have a huge problem ( i mean huge) . Long story short ( Very long story ) i brought a home in Cleveland for 13K 2 family my first property . When i brought the home it was full with people living up and down stairs Rented both generating $1100 in rent combined . Soon as  the property is purchased both tenants leave . Wow ! now i come to Cleveland to see what's going on come to the home there gone and now i have to paint the upper stairs and put in new carpet . The problem i had was i didn't have the funds at the time to do the repairs . I knew a contractor before i bought the home that i mean at a reo property . So i tell him what had happen and then he tells me that he would help me do the repairs and i'll pay him one i get it rented . I thought it was a good idea at the time . So tell him i'll get a tenant just do the repairs . I leave to go back to new york were i work and live . i left the keys to the home with him (i know i know ) . he calls me 2 weeks later and tells me to speak with my tenant . I'm shocked!!!!!!!!!!! she yells at me over the phone about repairs and i never meet this woman a day in my life .  She pays the contractor $1100.00 first months rent and deposit . He moves the woman in to the first floor unit with out telling me . she puts him back on the phone i say why did you do that . he tells me well i gotta get paid . He told me before that it would only cost $400 dollars to do the work But over the phone he tells me that it cost $1300 i tell him that's not what we agreed upon . He stops answering my calls i go to cleveland and all he did was paint 2 rooms and remove clothes from the attic . Fast forward now the woman says she wants to stay and pay rent . i said ok ( bad idea ) The woman has been in the home 3 months and only paid me $100 dollars . Now i'm trying to figure out who to get her out i don't have a lease with her and she won't leave . i really bad she's using up so much water it's unreal . 

Most Popular Reply

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6,201
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4,343
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
4,343
Votes |
6,201
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
Replied

Step #1 - you need money.  You're not going to get anywhere without it.

Step #2 - get the tenant OUT.

Step #3 - rehab the property such that it's completely rent-ready.

Step #4 - get actual paying tenants in there. If you don't do it yourself, then hire a properly qualified property management firm to do it.  The contractor obviously just stuck any old person in there just so they can get some money.  A contractor is generally not a property manager.

If you can't at least do step #1, then sell off the property for what ever price you can get and get out of the business.

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