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Updated about 5 years ago on . Most recent reply

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Connor Dunham
  • Investor
  • Anchorage, AK
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Tenant with too many cars.

Connor Dunham
  • Investor
  • Anchorage, AK
Posted

Hi Everyone, I have a tenant who has rented for 6 years with 4 parking spaces and a car hobby. They have a lease renewal coming up soon and I'm leaning toward not offering a renewal. I have had to enforce the 4 parking space limit multiple times before (the lease limits parking to driveway only and total number to 4), and when I drove by the other day, they have 8 cars parked, one in the public street in front of the house, 3 cars parked on an adjacent street around the corner and 4 in the driveway. Coincidentally, comparable rents have gone up over $200/month on a $1550/month lease. It is very likely the unit will need new carpet, paint, vinyl floors, and countertops when they move out. Do you think I should: Option #1 offer to re-rent at $1750 on the condition they clean up their car act or Option #2 Give them notice their lease won't be renewed due to a remodel? Thanks for your help with sorting this out!

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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Replied

He isnt breaking the lease if he only has 4 cars in the driveway . The public street parking doesnt matter , he could have 50 cars on the street as long as they are tagged and insured . I would raise the rent a bit . But think of it this way , he is probably flipping cars on the side and making $$$$ . 

The best tenants I have had turn wrenches , flip a few cars , and work on friends cars on the side . They always pay . 

My wife has too many shoes , and I havent kicked her out yet 

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