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Updated about 8 years ago on . Most recent reply

Account Closed
  • Saint Paul, MN
10
Votes |
18
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Your opinion: should I renew this renter's lease?

Account Closed
  • Saint Paul, MN
Posted

I have a renter whose 1 yr lease is up in Nov. This is her 1st year renting from us.

She has paid rent late 1 (and we had to email her 2 times and threaten eviction), had her sister stay in the unit w/o being on the lease (a lease violation and we confronted her and now sister is applying) and had at least 5 times noise complaints from other renters.

Should I renew this renter's lease? I'm debating because:

1. if we don't, it will take longer to find a new renter for winter months 

2. new renter is not a guarantee they will be better.

Are we making it bigger deal than it needs to be? Are high-maintenance renters the norm rather than the exception? 

What do you think?

Btw, we've had this property for 4 years now and most of the renters have been low-key until now.

Thank you.

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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

@Account Closed , a good rule of thumb for renewing leases: If you have to ask if you should renew, you should NOT renew.

She isn't a good tenant. No, the next one might not be, either. Do a thorough job of screening and don't be desperate to place a warm body in the property. Get a good tenant.

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