I'm About To Violate 2 Pieces Of Advice From Mentor Landlords

[Arnie Guida]

1. "Arnie, you're better off working with the tenant you've got than not knowing what you're going to get."

2. "Don't boot them out, just keep raising the rent."

Similar advice, I know...

I've got a problem tenant, relentlessly complaining...and I've had it. I'm trying to remember the advice from the mentor landlords, but I really don't need the aggravation.

I've raised the rent, but the message isn't getting through.

I'm on the edge of terminating the tenancy.

Just venting...

[John Chapman]

I'm sorry, but that is terrible advice by your mentor.  If he is suggesting that you should never get rid of a problem tenant except and/or unless you can drive them off by raising the rent, then that is dumb.  If you are self-managing, a problem tenant like the one you describe is not worth it.  The amount of stress is not worth whatever extra you might make from increased rents.  I went on a housecleaning last year, getting rid of the 20% that were really annoying and problematic and replacing them with decent ones, and it was the best move I ever made.  Give them the boot.  Yes, you may end up with another problem tenant, but there is also a greater chance you'll get a good one assuming you screen properly.  Staying the course guarantees you a problem tenant.