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Updated over 14 years ago on . Most recent reply
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Have a tenant who has completely trashed a property...
They are also behind on rent, but I have little doubt they won't pay once able. The father lost his job and is trying to get his finances straight(has a new job), however that's not my main concern.
I completely rehabbed this home and now it's 10 times as bad as when I purchased it as a foreclosure. There is not a single aspect that's not trashed... My question is, should I kick out the human trash or should I continue renting to them in order to recover some money I can use towards repairs? I mean the damage is done.
The damage is so extensive it's wiped out the years rent I've already collected, but I can not permit such treatment and behavior. I want to boot the trash, but by no means do I have cash reserves built up for this. I'm a newbie and have my life savings in the three homes I own.
Most Popular Reply
This sort of thing happens from time to time regardless of how well you select tenants. One of the reasons that it is necessary to have reserves when you have a rental business.
You definitely want to evict them immediately. Chances are very good that you have received the last dime that you will get from this tenant.