When managing residential properties one bad tenant can often undo the good work that one hundred excellent ones may have achieved. A bad tenant is a bad tenant regardless of whether they are in the West Riding, Western Australia, Westchester, Wanganui or the Western Isles.
And those bad tenants come in six fishy flavours, and any professional letting agent will soon recognise them. They are:
· The Piranha. The rowdy snapper who upsets the neighbours
· The disappearing Dogfish who ups and does a runner
· The Sprat, who can't or won't pay the rent
· The destroyer Shark who damages or wrecks the place
· The moaning Marlin who will find fault with everything
· And lastly good old Barnacle Bill, who downs anchors and refuses to move
Any letting agent who tells you they have never housed a bad tenant has their pants on fire. All letting agents experience bad tenants from time to time, the test of their expertise is in how they deal with them. Amateur and new letting agents can often be bamboozled by dealing with the six difficult fishes. Worse than that, they can often overstep the mark in trying to solve the problem.
Occasionally landlords and property owners will try and bully the letting agent into taking inappropriate or even illegal action in an effort to bring the matter to a successful conclusion. Agents should always resist this. Flirting with and overstepping the legal line when dealing with bad tenants is fraught with danger, as it will be the Agent and not the landlord, who will always be held to account.
Property Agents run the risk of changing from operating within the law, with the full weight of the law behind them, to being outside the law, and at real risk of prosecution themselves. It's a risk never worth taking.
There are ways and means of dealing with all the six fishes, legal ways and means, and anyone letting residential property should always bear that in mind. Stay within the law, and you will experience far less sleepless nights.
Copyright David Carter 2005. Reproduced with permission.
David Carter was for more than ten years the manager of a property letting agency where he presided over thousands of successful property lets, sales, and refurbishment projects. His new book, SPLAM! Successful Property Letting And Management runs to over 240 pages and can be bought from Amazon, Barnes and Noble, or ordered through your usual bookstore. The ISBN is 1-4116-3444-6. You can read extracts from the book, or buy a downloaded copy, at http://www.splam.co.uk. You can contact David on any matter at supalife@aol.com
|
|
|
|
|
|
|
|
|
|
|


Real estate investing can be a dream career when the... Read More
Owning investment property is a tremendous wealth building strategy. Thousands... Read More
Most people get involved in Real Estate investing to make... Read More
Property Investing Secrets:How to Sell to 100% of the Market... Read More
The real estate bubble is a hot topic today; annual... Read More
With the never-ending changes in our Real Estate Markets real... Read More
Years ago, the only person that could buy a home... Read More
The Echo Boomers or Generation Y currently make up about... Read More
Property Investing often requires creative strategies to make it successful.... Read More
Sue and Chuck DeFiore have the perfect solution for you... Read More
One of the most effective and frequently overlooked methods of... Read More
The value of the real estate you own, whether it... Read More
How to make the Real Estate market work for you... Read More
If you're looking to get started investing in real estate... Read More
I have been seeing the market on fire for a... Read More
With a job that paid $3.40 an hour, I saved... Read More
Fixtures, related to real estate, are items that were originally... Read More
If you are in the market to purchase a home,... Read More
The Economist magazine published a special report in this months... Read More
It's probably happened to you...Folks learn that you know something... Read More
Boston real estate is a hot topic. Daily newspaper articles... Read More
You may be of the opinion that you don't need... Read More
There is more to buying raw land than meets the... Read More
If everyone always did everything they said they'd do, we'd... Read More
Condo hotels are one of the hottest products in today's... Read More
The Southern California city of San Diego has all the... Read More
Suppose you've been trying to sell your home for months.... Read More
Buyers, borrower, closing costs can be divided into two categories.... Read More
The world of real estate has pretty much stayed the... Read More
Ugly houses can be great investments, but we don't buy... Read More
Real estate agents are gearing up to face the biggest... Read More
Lying on the edge of Europe facing out to the... Read More
Virtually any state in the country has the appeal of... Read More


Most consumers are told where to get their mortgage because... Read More
1. Time is money when selling your homeAfter you've made... Read More
Property Investing Secrets:How to Sell to 100% of the Market... Read More
Keeping your existing house when you buy a new one... Read More
With new destinations such as Bulgaria, Slovenia and Croatia offering... Read More
There is a relatively new and not always well understood... Read More
One of the main reasons home sale transactions fall apart... Read More
Wouldn't it be nice to have Roger Hazard's design team... Read More
The old adage that "timing is everything" especially applies to... Read More
Consider these parameters for a real estate deal:Property Value: $250,000... Read More
The Echo Boomers or Generation Y currently make up about... Read More
Downtown Minneapolis is rich with true metropolitan charm. With the... Read More
Today's real estate consumer has a lot to consider during... Read More
Yes, you want to sell your home and you want... Read More
There are several different types of listing contracts. Few of... Read More
Earlier this year the Hawthorn suites in Lake Buena Vista... Read More
Is your pet worth $100,000? It may be if you... Read More
In last week's article, we discussed how substantial profits could... Read More
Where is it possible to buy a property on your... Read More
Have you ever dreamed of living in a spectacular tropical... Read More
The Internet is a powerful marketing tool, but just how... Read More
Leverage: With real estate, people and companies will lend you... Read More
Specific marketing campaigns are no longer just for automobiles and... Read More
Home Buying Don'tsYour home buying process is well underway. The... Read More
I start my marketing with obituaries followed with probate filings... Read More
Whether you're a "move up" home buyer, downsizing, or relocating... Read More
Buyers, borrower, closing costs can be divided into two categories.... Read More
I was in the rental business for seven-years, made 1.3... Read More
Repairing a rental home (or your own home) use to... Read More
Buyers think they love Italian tile and other hard floor... Read More
These are real builder questions that I got from readers... Read More
For the past several years housing prices have risen dramatically.... Read More
Maui is an island so full of life and vivacity... Read More
Real Estate |