Real Estate Broker 路 Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH 路 Member since 2013 路 30k+ posts 路 20k+ votes
TENANTS FROM HELL #3
Move outs from hell.
Running one of the largest rental portfolios in the Cleveland, Ohio area I have managed 1,000's of properties & dealt with countless tenants. In short, I have seen it all. From death threats to tenants being murdered to overdose to theft, property damage, fire, destruction, damage & everything else in between.
The purpose of this blog is to peel back the curtain on the Property Management Business and show you some of the real life things that have happened to me or members of my company 1st hand. It's not always sunshine & rainbows. If you have the stomach for it, it's a very rewarding business but sometimes it can be scary, disturbing, challenging & sometimes down right disgusting.
ENJOY!
____
The situation:
When your tenants ask about getting their security deposit back I imagine you, like most of us landlords tell the the rental property needs to be left in "broom clean" condition. If you think that "broom clean" condition has a similar meaning to everyone THINK AGAIN! Ya see, a TENANT FROM HELL's idea of "broom clean" is VERY different than yours! Here is a nice compilation of some rental properties that were to be left in "broom clean" condition. 馃樂馃樂馃樂馃あ馃あ馃あ馃ぎ馃ぎ馃ぎ #TenantsFromHell
Do you need more Tenant From Hell stories in your life?
Stop by & drop a comment on my other tenant from hell threads.
With my very first tenant from Hell, the property was left vermin infested with dead animals throughout the apartment. As an added bonus; the tenant broke into the property a few days after her lease wasn鈥檛 extended, poured cement down the kitchen sink and turned the water on causing the entire floor to collapse in that section of the building. Ta-da.....
Wow! That's freakin savage. One of the most hellish situations I have heard about. Did you get photos? If yes, post them here. Use this thread as therapy. Get it all out there & just laugh off the savageness of your tenants from hell.
I have noticed that the lower end you go the more they leave behind. My lowest rent units, often they leave almost everything, beds/sofas/closets full of clothes. You would think people in lower income brackets would need their stuff.....
Yup. Do you guys have an Aaron's where you are at?
Running one of the largest rental portfolios in the Cleveland, Ohio area I have managed 1,000's of properties & dealt with countless tenants. In short, I have seen it all. From death threats to tenants being murdered to overdose to theft, property damage, fire, destruction, damage & everything else in between.
The purpose of this blog is to peel back the curtain on the Property Management Business and show you some of the real life things that have happened to me or members of my company 1st hand. It's not always sunshine & rainbows. If you have the stomach for it, it's a very rewarding business but sometimes it can be scary, disturbing, challenging & sometimes down right disgusting.
ENJOY!
____
The situation:
When your tenants ask about getting their security deposit back I imagine you, like most of us landlords tell the the rental property needs to be left in "broom clean" condition. If you think that "broom clean" condition has a similar meaning to everyone THINK AGAIN! Ya see, a TENANT FROM HELL's idea of "broom clean" is VERY different than yours! Here is a nice compilation of some rental properties that were to be left in "broom clean" condition. 馃樂馃樂馃樂馃あ馃あ馃あ馃ぎ馃ぎ馃ぎ #TenantsFromHell
Do you need more Tenant From Hell stories in your life?
Stop by & drop a comment on my other tenant from hell threads.
I have noticed that the lower end you go the more they leave behind. My lowest rent units, often they leave almost everything, beds/sofas/closets full of clothes. You would think people in lower income brackets would need their stuff.....
Yup. Do you guys have an Aaron's where you are at?
Yes we have the "rent to own" ripoff places around here. They are usually located right smack dab in the middle of all the high eviction areas. Go figure.
Had a tenant a long time ago claim her door got "kicked in" because she didn't pay her rent on her couch and they came and repo'd it. I thought she was making up a tall tale and in reality got into a argument with her boyfriend and someone kicked it.
Can they forceable enter a unit to repo furniture?
lakewood, NJ 路 Member since 2017 路 282 posts 路 156 votes
8y
Wow, this thread wins the prize for most fascinating, freaky post here on BP! My first thought was: I better get out of this business, but my next thought was: I'm not gonna let this stop me!
Best of luck to all of you and I hope to do enough deals to have my own pictures to post one day! :)
Wow, this thread wins the prize for most fascinating, freaky post here on BP! My first thought was: I better get out of this business, but my next thought was: I'm not gonna let this stop me!
Best of luck to all of you and I hope to do enough deals to have my own pictures to post one day! :)
馃挭 That's the spirit. Just remember this post the 1st time you run into the savagery. Most investors freak out when they hit that 1st speed bunp but you'll survive & eventually learn to laugh it off. 馃憡
Real Estate Consultant 路 Summerlin, NV 路 Member since 2014 路 45k+ posts 路 66k+ votes
8y
@James Wise it sure got me out of the business of running C class... other ways to make money without dealing with those folks drama LOL.... can you say NOTES.. :) end of the day you make more money than owning the house and putting up with all the drama.
I have noticed that the lower end you go the more they leave behind. My lowest rent units, often they leave almost everything, beds/sofas/closets full of clothes. You would think people in lower income brackets would need their stuff.....
Yup. Do you guys have an Aaron's where you are at?
Yes we have the "rent to own" ripoff places around here. They are usually located right smack dab in the middle of all the high eviction areas. Go figure.
Had a tenant a long time ago claim her door got "kicked in" because she didn't pay her rent on her couch and they came and repo'd it. I thought she was making up a tall tale and in reality got into a argument with her boyfriend and someone kicked it.
Can they forceable enter a unit to repo furniture?
No they don't break in like that. She is just spinning a tale. Your gut instinct is probably right, it was likely her boyfriend.
Running one of the largest rental portfolios in the Cleveland, Ohio area I have managed 1,000's of properties & dealt with countless tenants. In short, I have seen it all. From death threats to tenants being murdered to overdose to theft, property damage, fire, destruction, damage & everything else in between.
The purpose of this blog is to peel back the curtain on the Property Management Business and show you some of the real life things that have happened to me or members of my company 1st hand. It's not always sunshine & rainbows. If you have the stomach for it, it's a very rewarding business but sometimes it can be scary, disturbing, challenging & sometimes down right disgusting.
ENJOY!
____
The situation:
When your tenants ask about getting their security deposit back I imagine you, like most of us landlords tell the the rental property needs to be left in "broom clean" condition. If you think that "broom clean" condition has a similar meaning to everyone THINK AGAIN! Ya see, a TENANT FROM HELL's idea of "broom clean" is VERY different than yours! Here is a nice compilation of some rental properties that were to be left in "broom clean" condition. 馃樂馃樂馃樂馃あ馃あ馃あ馃ぎ馃ぎ馃ぎ #TenantsFromHell
Do you need more Tenant From Hell stories in your life?
Stop by & drop a comment on my other tenant from hell threads.
Real Estate Consultant 路 Whitestown, IN 路 Member since 2014 路 547 posts 路 933 votes
8y
I love these posts! While these pictures are pretty tame and things that property managers see fairly often, many investors have no idea what property managers have to deal with or how bad things can really get. Clients don't understand why I am so cautious about the assets they purchase until they start experiencing these types of things.
Attention all investors! A good property manager understands all of the ways you can lose money and will take preventative measures to protect your investments. A poor property manager will allow you to leak money everywhere costing you much more than the money you save with lower fees. Here are some things to consider when you are purchasing rental properties... notice, ROI isn't on the list. It's a factor, but not necessarily the most important one.
The first step is purchasing properties in the right Location, Location, Location. The types of properties in these pictures are most likely C Class or lower assets that cash flow like mad... just like the wholesaler's pro forma said... until the tenant moves out with thousands of dollars of damages in their wake. Location helps reduce the likelihood of this happening.
The second step is the condition and amenities provided. The best tenants have options and means, this means they get to choose where they live. The worst tenants live wherever they can find someone to take them. Spend a little money so the best tenants will choose your home.
The third step is tenant screening. Even with the best home on the market you still may have high risk tenants looking at your property. Learn how to identify risk factors and do not allow these types of tenants to live in your home. Don't profile. Don't discriminate. Make sure that you have black and white standards that give reasons for the denial. Things like too many late pays on the credit report, lacking necessary income, previous evictions, criminal records, outstanding judgements on credit report, too much debt, etc.
Lastly, your PM should be actively engaged in protecting your home. Do they have good communication with the tenant? Are they visiting/inspecting the property periodically? What do they look for during the inspections? Are they properly maintenancing the home? Are they providing housing that your tenants want to stay in year after year?
Having quality assets, good tenants, maintenanced/protected homes, proactive management, and retaining tenants is the secret to being successful in this industry. It doesn't mean that these things will never happen to you, but it will happen much less frequently.
Don't Believe the Marketing Descriptions and Pro Formas! Do your Due Diligence! Quit Buying Pigs!