Without the proper expertise, dealing with tenants in a rental facility can have you walking on walls and losing a fortune in the process. Nightmare tenants are known to have cost their landlords’ losses amounting to hundreds of thousands of dollars. Luckily, retaining the help of reliable property management services in Centennial Colorado spares you such melodrama.
Screen out the criminal elements
A video of the combined force of heavily armed DEA, FBI, and ATF teams piling out of their vans and bursting through an apartment to apprehend a suspect is always a sight to behold. It makes you appreciate the effort of the law enforcement agencies in keeping you safe from criminal elements. Well, that is until you catch a familiar sight in the background that causes you to sit up.
That is what happened to one landlord who owned a rental property in an upscale neighborhood. The heavily armed contingent of police was raiding an apartment in one of his apartment building. To say that he was in shock would be an understatement.
Engaging the services of credible property management service ensures that you never suffer such an embarrassment. Such experts vet each prospective tenant to the highest level and screen out the bad apples. That goes a long way in upholding the reputation of your building and keep your tenants safe.
Screen out the professional tenants
Tenancy laws are often skewed in favor of the tenant to keep landlords from exploiting their clients. Professional tenants know this and will often use it to their advantage, costing you a fortune in the process. They are an absolute nightmare and can end up ruining your life.
At first glance, they will present a decent front and even pay all the rent in full for a couple of months. From there the games begin. They will withhold or default on lease by coming up with a myriad of sob stories. Once, you’ve had enough, you give them an eviction notice and commence the legal process.
Unfortunately, you’ll have played right into their hands. They will exploit every available loophole in the law to frustrate the process. Some tenants go to the extent of trashing your property to prove to the judge that the property is unhabitable. At the end of the process, you might incur hundreds of thousands of dollars in legal fees just to be rid of them.
Screen out the hoarders
The chances are that you can’t stand an episode of Hoarders on TV as the sights are just gruesome and stomach churning. Well, some of those people on the show are tenants, and they could well wind up in one of yours. Like their professional counterparts these people quite the challenge to evict.
The first indication that you have a hoarder in the building will be the awful offensive smell that starts emanating from their doors. Any attempt to get them to improve their sanitary standards will be met by strong resistance. And so, they force your hand to start the eviction process. Again, you’ll be back to court where the odds are stacked against you. You might end up spending a fortune fighting a legal battle that can last for years.