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Updated over 6 years ago on . Most recent reply

User Stats

58
Posts
15
Votes
S Harper
  • Real Estate Investor
  • Denver-metro, CO
15
Votes |
58
Posts

When does property care outweigh steady payment?

S Harper
  • Real Estate Investor
  • Denver-metro, CO
Posted

My partners and I are having a conversation about when to not renew a lease if your tenant has a good payment history. Thoughts?

One says to not renew for just about any reason because the market is too strong to not have an excellent tenant.

Another says to keep them unless it is a major issue if they have a history of paying on time and don't call for multiple small maintenance issues.

I am the one who deals with filling the units and know that it can be difficult to find perfect tenants, but get irritated when someone likes to me.

This has become a significant topic as we have two homes up for renewal with tenant issues. *One is section 8 and has become a hoarder and gets frequent fines from the HOA for items left outside (two partners don't care because the rent is always paid) * One is a tenant of almost 2years who pays on time, cares for the inside of the home but has suddenly stopped caring for the exterior, and appears to have moved in a dog and a boyfriend but denies both. When pushed, she finally admitted to the boyfriend, but says she asked for him to be added to the lease and she is just dogsittimg (the dog tag lists her as the contact).

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