If you own a rental property but had a tenant trash it when they leave then make sure you read this article because we’re addressing the all-too-common problem that landlords have when they say, “Help! My last tenant trashed my Fresno house!”
Do you own a rental property? Did you have a tenant leave it in less-than-perfect condition? It happens! In fact, it’s an experience that probably every landlord has faced at least once. If you looked at your empty rental property and said, “Help! My tenant trashed my Fresno house” then here are some things you can do about it…
Is it worth going after the tenant?
When dealing with rental property damage, landlords must weigh their options and decide if it’s worth pursuing legal action against the tenant. Factors to consider include the severity of the damage, the cost of repairs, and the likelihood of the tenant being able to pay for the damages. It’s essential to take the time to assess the situation and determine if the potential payoff is worth the hassle of pursuing legal action. In some cases, it may be more practical to cut your losses and move on.
Is it worth repairing the damage?
Dealing with property damage caused by tenants can be a major headache for landlords. Minor damage can often be fixed with a bit of DIY work, such as patching up small holes in the wall or repainting scuffed walls. However, if the damage is more extensive, it may not be worth attempting to fix it yourself. You’ll need to weigh the cost of repairs against the potential return on investment, such as increased rental income or property value, to determine if it’s worth making the repairs or considering alternative options.
You could rent your house to a handyman
If you’re dealing with extensive property damage and are hesitant to foot the repair bill, consider renting the house to a handyman. In exchange for discounted rent or even free rent, a handyman can live in the property while making repairs and renovations. This can be an excellent option for landlords who don’t have the skills or resources to fix the property themselves. However, it’s crucial to have a clear timeline in place to ensure that the repairs are completed within a reasonable time frame.
You could sell the house
For some landlords, the cost of repairs and hassle of dealing with property damage may be too much to bear. In this case, selling the house may be the best option. If you plan to sell the property on the open market, you’ll need to factor in the cost of repairs and renovations to attract potential buyers. Alternatively, you can sell the property to a house-buying team that specializes in purchasing homes in as-is condition. This can be a convenient and hassle-free option for landlords who are ready to move on from their rental property without the headache of repairs and renovations.