Worst Tenant ever need advice
Hello guys ,
I have a huge problem ( i mean huge) . Long story short ( Very long story ) i brought a home in Cleveland for 13K 2 family my first property . When i brought the home it was full with people living up and down stairs Rented both generating $1100 in rent combined . Soon as the property is purchased both tenants leave . Wow ! now i come to Cleveland to see what's going on come to the home there gone and now i have to paint the upper stairs and put in new carpet . The problem i had was i didn't have the funds at the time to do the repairs . I knew a contractor before i bought the home that i mean at a reo property . So i tell him what had happen and then he tells me that he would help me do the repairs and i'll pay him one i get it rented . I thought it was a good idea at the time . So tell him i'll get a tenant just do the repairs . I leave to go back to new york were i work and live . i left the keys to the home with him (i know i know ) . he calls me 2 weeks later and tells me to speak with my tenant . I'm shocked!!!!!!!!!!! she yells at me over the phone about repairs and i never meet this woman a day in my life . She pays the contractor $1100.00 first months rent and deposit . He moves the woman in to the first floor unit with out telling me . she puts him back on the phone i say why did you do that . he tells me well i gotta get paid . He told me before that it would only cost $400 dollars to do the work But over the phone he tells me that it cost $1300 i tell him that's not what we agreed upon . He stops answering my calls i go to cleveland and all he did was paint 2 rooms and remove clothes from the attic . Fast forward now the woman says she wants to stay and pay rent . i said ok ( bad idea ) The woman has been in the home 3 months and only paid me $100 dollars . Now i'm trying to figure out who to get her out i don't have a lease with her and she won't leave . i really bad she's using up so much water it's unreal .
Most Popular Reply
Step #1 - you need money. You're not going to get anywhere without it.
Step #2 - get the tenant OUT.
Step #3 - rehab the property such that it's completely rent-ready.
Step #4 - get actual paying tenants in there. If you don't do it yourself, then hire a properly qualified property management firm to do it. The contractor obviously just stuck any old person in there just so they can get some money. A contractor is generally not a property manager.
If you can't at least do step #1, then sell off the property for what ever price you can get and get out of the business.