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This is one thing every investor dreads happening to them.
Just remember, you can always take out Insurance Policies for a "Bad
Tenant". Please check with the Insurance provider, as most of them will
not allow a self managed property to have this policy, as the Investment
Property must be under a Property Manager.
Here is 2 companies that you can have a good idea of what they provide.
Click on the images or the Underlined Text and it will direct you to
their Landlords Webpage features.
One would ask, how did I come to write this tip?
Well you wouldn't believe it but I was at the pool shop getting my pool
water tested and David (who owns the pool shop in Raby NSW) was telling
me about not being able to get tenants out of his Property Investment.
I know this is a terrible experience to go through, because 38 years ago
the same thing happened to my parents. The problem they had was there
was no-one who could guide them along the way so they ended up selling
their Investment Property.
That property today is worth over $750,000-
never sell property if you cannot help it.
So anyway, let me tell you what a couple of my clients did to the
tenants that would not leave and who were not paying the rent.
They asked a couple of friends to go and move into the property and stay
there for a couple of days.
So the friends went with some items and said they would return later
that day with mattresses and asked what was for dinner that evening!
Now a lot of people would say this is not ethical. I agree but sometimes
you need to take action and you need to talk their language. Many
tenants know how the tenant law work and realize that the law does back
them and the time it takes to go through the right process they get free
rent for weeks.
But let me also tell you that, in relation to the above story, the
tenants moved out the same day without fuss, hassle or any trouble.
This is why you need to make sure that your property managers do their
inspections every six months and it is a good idea if you or a person on
your behalf attends the inspection.
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 Please
Note- If you Invest in a property that meets our criteria's you
should not get this type of problem.
To date (Touch wood), None of my clients or
myself has had this problem happen to us. |
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