Quote from @Paul De Luca:Personally, I'm not a fan of enabling bad tenant behavior and in life you get what you tolerate.

Sadly, this price-gouging behavior has become the unfortunate new norm in the insurance industry.There's a high likelihood you'll need a broker familiar with surplus lines.  3 weeks isn't much time - if you aren't working with someone already you need to get in touch with someone asap.

However, we’ve had some different behavior from a newer tenant couple.

You have not documented these incidents, nor have YOU informed your tenant this behavior is unacceptable.  

Provides first-hand recommendations of the renters historical renting behavior.

You’ll thank me when eviction drama hits, or turnover costs come calling.Fines = Behavior TrainingSometimes, tenants behave worse than toddlers at a candy store.

Personal finance is as much behavioral as it is math.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

Employees won’t think exactly like owners, but tying bonuses to behaviors and KPIs they can influence is key.Focus on metrics like tenant retention, minimizing vacancy days, and timely maintenance resolution.

Several economic factors are contributing to this shift:Overbuilding: Some areas of Charlotte have seen significant overdevelopment, leading to an oversupply of rental units.Tighter Money: Rising interest rates and economic uncertainty have made tenants more cautious with their spending.Tenant Behavior: Many responsible renters are choosing to stay put rather than take on the cost and hassle of moving.What Does This Mean for Landlords?