Absentee Owners: Tired of Holding Properties with Bad Tenants?

When having bad tenants, they can destroy properties instantly! How does it get that far? What caused the bad behavior to exist and how can we help?

Bad Tenants: Have you experience this type of Bad Tenants?

Whenever you’re owning a property, there are going to be times when everything checks out when doing a background and financial check. A lot of times, we typically do those things ourselves to save cost and faster response times, especially if we know the person. But are you really in the long run if the tenant doesn’t work out? The majority of the time, you find a great tenant through peer-to-peer conversations of meeting the tenants prior. If not, people typically use different third-party companies to bring tenants and keep the property rented out.

Some examples of bad tenants?

• Failure to follow rules
• Failure to pay rent
• Damage the property beyond repair
• Does not meet the time demands of the contract Research indicates that Absentee Owner is someone or a group of people that own property and does not live in the property but manages it either hands-on or hands-off.

What is an Absentee Owner?

Research indicates that Absentee Owner is someone or a group of people that own property and does not live in the property but manages it either hands-on or hands-off.

What are some examples of why people become Absentee owners?

•  Passive income
•  Creating quality of life for someone else
•  Provide housing to people that cannot afford a home
•  Long-term wealth-generating Poor behavior can exist from several key factors that either stop the unwanted behavior immediately or let the behavior continue until the end of the contract. The majority of the time, we allow the behavior to exist and it further implies that the tenant’s bad behavior goes unchecked.

What can cause the behavior?

Poor behavior can exist from several key factors that either stop the unwanted behavior immediately or let the behavior continue until the end of the contract. The majority of the time, we allow the behavior to exist and it further implies that the tenant’s bad behavior goes unchecked.

Here are some reasons why?

• Absentee Owner Disconnect from their property
• Property management company lack of involvement
• No rules in place
• No follow-up mechanism to check and maintain the property
• Absentee Owner distractions with other homes that are causing delays with current home maintenance

Why should you consider selling the property? If you are dealing with anything mentioned above whether it bad tenant, just do not have time to manage the property yourself anymore, or want to make repairs or different investments into your own home, maybe it’s time to consider selling the property! Selling the home to enjoy life with fewer worries with a hassle-free process designed to make selling a home on your timeline is easy! Times have changed and we must make sure work-life balance exists daily as we try to manage properties and behaviors in real-time. Whether you’re a new or long-term Absentee owner, we have a team of individuals with the skillset to help you with your needs so you can get back to enjoying life. Find out more about how the team here at KD True Destiny Homes could help you with your needs.