How Philadelphia Landlords Are Dealing With Tenants Who Don’t Pay Rent

Tenants Who Don’t Pay Rent

Do you have tenants who just aren’t paying rent? It’s one of the most frustrating aspects of being a landlord. This article will discuss how Philadelphia landlords are dealing with tenants who don’t pay rent

If you have tenants who aren’t paying rent, you face the same dilemma many landlords go through at least once. It’s frustrating, and unfortunately, your options are limited. Here’s how Philadelphia landlords are dealing with tenants who don’t pay rent.

Of course, the best defense is a good offense – meaning that if you are careful about doing a background check on your tenants and if you have a contract, those things will help you. But here are your other options.

#1. Avoid the situation

You could avoid the situation and hope they pay. This is not the best option, but it is an option many landlords take. You can ignore it and hope they’ll pay on time next month and even catch up. It may not happen (rarely), but it could happen, so we include it here as a possibility. We don’t recommend this strategy when dealing with tenants who don’t pay rent because it opens the doors to your tenant’s chance of taking advantage of you.

#2. Negotiate

Dealing With Tenants Who Don't Pay RentYou could negotiate with them because maybe they need a different payment schedule. Not everyone can pay each month quickly; some renters can pay better by the week because it’s a smaller payment. Or maybe you can get them to do some work around the property in exchange for a discount on the rent. If you choose to negotiate with your tenant, ensure you get an agreement from them that works for you; otherwise, you’ll feel even more frustrated!

#3. Evict

You can try to evict them, although be aware that this can be a complicated, time-consuming process that may involve some legal hassles. Eviction is very difficult, especially since many laws favor the tenant over the landlord. It may be worth doing this in the long run if you can get a paying tenant into your rental property.

#4. Sell

Another option is to sell the property. If this is just one of the many frustrations you’re facing with your rental property, then it could be your best option! Just imagine selling the property, getting on with your life, and no longer dealing with tenants’ annoying troubles. Many landlords love the newfound freedom they get when they sell.

At Buying Property 215, we buy frustrating rental properties from landlords like you who are burned out, worn out, frustrated, and want to get their lives back.

Call us at [215-359-6090] to receive a fair, fast cash offer from us today.

 

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Sell My House Philadelphia | Buying Property 215
Sell My House Philadelphia | Buying Property 215
Buying Property 215

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