Tips on handling problem tenants

[Jinhee Park]

I inherited some problem tenants who couldn’t pay rent for months and were hostile in my recently purchased fourplex. I had dreaded having to undergo a lengthy and costly eviction process. But I offered $200 cash for keys and they are voluntarily gone leaving the property in a clean condition today. I’m so relieved.

As a landlord, it’s better to swallow your pride and settle for a small loss than try to go through an ugly eviction process for weeks or months and end up losing thousands of dollars on legal fees, lost rent and rehab fees.