Do You Have A Problem Tenant in Boulder That is Driving You Crazy?
Are the tenants in your Boulder, Longmont, Louisville, or Lafayette rental property driving you nuts? If so, you’re in good company. Many landlords in Boulder are in a similar situation with tenants they wish they’d never rented to. This article will cover 4 options for handling a problematic tenant in Boulder.
If you own rental property, you will at some point be faced with a problematic tenant living in one of your properties. They could be trashing the home, failing to pay rent on time, have too many roommates, or constantly phone you for every minor “emergency.” No matter how lucky you are, you will eventually get a tenant that drives you nuts.
Here are 4 options for dealing with problematic tenants in Boulder:
Persuasion or Negotiation
Have you tried reasoning with your Boulder tenants? If not, meet with them to explain that you are providing them with a nice place to live and in return they need to pay their rent on time and respect you and your property. It could be that they don’t realize how much they’ve been bothering you. Or perhaps they need to pay their rent weekly rather than monthly. Try negotiating a more convenient payment schedule.
Eviction is easier said than done because the law usually favors the tenant rather than the landlord. So, this will likely require a good real estate attorney and it could take time. However, it may be worth it just to get rid of these problem tenants. You could then find a responsible tenant who will pay rent on time and take good care of your property.
In certain circumstances there may be less drastic legal options that you can consider. For example, maybe you can file a lawsuit against your tenants for unpaid back rent. If you get a judgment, you could garnish their wages. Again, you will likely need a real estate attorney to help you with this as the law may not be as favorable to you as you would hope. At any rate, just filing the lawsuit could act as a wakeup call for your tenant and that may be enough to get them to pay what they owe and start paying on time from here on out.
If you have problem tenants in your Boulder rental property, stressing you out and costing you money, then selling the property may be your best option. A lot of people in Boulder who own rental property get fed up trying to deal with deadbeat tenants, so they list their property for sale. Unfortunately, you may need to evict your tenants first unless you sell to Boulder Home Buyers. We will buy the property and evict the tenants afterwards. For landlords with problematic tenants, this is the perfect solution.