“Landlords need to always view themselves as a business: they provide housing as a service. The stakes are high because the assets are extremely expensive and valuable. It’s also a heavily regulated business, with many complex laws that often favor renters over landlords.
From his perspective, novice landlords often let tenants “push them around.” Sometimes, this means that the property owners are persuaded not to start the eviction process at all. As we’ve covered previously, some people can feel like they’ve been left out if they’re living paycheck to paycheck and Unfortunately, things didn’t turn out as planned. Not only did her brother try to stay at the house, but the property itself was also badly damaged.While it can feel uncomfortable and awkward if you’re suspicious of what your family and friends might do to your house, the reality is that anything can happen. You might trust someone only for them to prove that they’re not worthy of that trust.
You should also consider what you’d realistically do if your tenants suddenly stop paying rent or refuse to move out. Ultimately, landlord-tenant relationships are built on mutual trust. And trust is earned, slowly. You earn it by paying your rent on time, being upfront about any repairs that need to be done, and responding to any communication as quickly as you can.
Source: Real Estate Daily Report (realestatedailyreport.net)
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