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Renting out one’s property is a lucrative investment for any homeowner. Whether you enjoy the passive income or could use the extra money for mortgage payments, having tenants can be a great help. However, any landlord who rents out their home should be equipped to deal with poor tenants. You probably heard of nightmare tenant stories, from squatters to partiers and everything in between. In this article, we hope to educate you on the most common types of poor tenants and how to deal with them.

Backyard party at night,

Types of poor tenants

Before we begin, we should note that bad tenants don’t have to exhibit extreme behaviors to be considered difficult to deal with. Indeed, your lessee may be pleasant to converse with and great communicators. However, if they’re missing payments or breaking rules, you don’t need to cut them slack. For now, here’s our list of commonly seen poor tenants you may find yourself facing.

Squatters

Every landlord’s worst nightmare is a squatter. A squatter is someone who occupies your property and refuses to leave. While these cases have been blowing up with the rise of Airbnb, squatting is still a possibility for traditional rental relationships. It’s pretty easy to identify when you have a squatter on your hands. If they refuse to leave the property, refuse to let you enter the property, or even threaten to bring you to court, they’re a squatter.

Late payers

Another type of poor tenant is a late payer. These types of lessees are difficult to deal with because they often make excuses or promise to pay soon. They might pay on time for the first few months, but for whatever reason, end up accumulating late payments. Consequently, you may find yourself having trouble paying mortgage and other bills if you rely on their rent. One quick tip is to include specific payment terms in your contract. For example, you may discuss a potential late fee, strike system, or even eviction section.

Party animals

Of course, we all know the characteristics of a party animal. These types of poor tenants will invite people over, play loud music, and risk damaging the property. Your neighbors will likely complain about the noise level, late-night activity, cars taking up street space, and general conduct of these tenants. Indeed, by renting your property to a party animal, you risk good rapport with your neighbors among other consequences.

Open-shelter tenants

This class of poor tenant is more difficult to identify. If you visit the home and notice common areas were made into makeshift bedrooms, and that there’s more people than you signed onto your lease, you’re dealing with an open-shelter tenant. These lessees typically offer a place to stay for friends and family either for free or a percentage of their monthly rent. This essentially means you’re losing money because more people are covering a smaller rental rate.

Animal lovers

These types of poor tenants mainly affect landlords with a strict no-pet rule. However, the consequences of pets can eventually damage any property. If a potential lessee asks whether pets are allowed, they likely have one. After they move out, you may have to make property repairs to fix bad odors or unclean carpets.

House destroyers

Finally, the last common type of poor tenant is a property destroyer. These people may either make unnecessary bad repairs to the home, or fail to maintain it. The bathroom and kitchen may develop mold, the screen door may be broken, the lawn may be in shambles, etc. On the other hand, you might notice an attempted construction project on a wall or doorframe that never got finished. These tenants destroy the house during their lease, leaving you to drain money into repairs.

Protect yourself against poor tenants

Before signing a lease with any potential tenant, you should take these mandatory precautions. During any rental contract, you should also take steps to keep your tenant’s behavior in check.

Always screen your tenants

Screening everyone is absolutely mandatory to ensure you won’t deal with poor tenants. This includes a background check, a credit check, and verifying income. Actually, the rule of thumb is that a tenant should make at least 3 times the amount of their rent every month. In addition, contacting their previous landlords gives you insight on their past behavior as tenants. This is good for raising red flags early. Don’t know how to properly screen potential tenants? Avail has a great guide to tenant screening that you’re encouraged to check out.

Set rules in your contract

Be prepared for any potential problems by setting rules. Don’t want late-night complaints from neighbors? Set a mandatory quiet hour or curfew. Want to lessen the damage made on your property? Outline your lessee’s responsibility to property maintenance. After this, you should set consequences such as a strike system or end-of-lease agreement. By setting rules beforehand, you are able to act on their poor behavior if it happens. Remember, it’s vital that you get everything in writing and have it signed by the tenant. This makes your contract legally binding. If you need somewhere to start, check out Nolo’s Ten Terms to Include in Your Lease Agreement.

Be strict

Once you outlined all your terms in the lease agreement, stick to them. Don’t let late payments, rule breaking, or other poor behavior slide. By sticking firmly to your rules, you send the message that you’re not playing around. If they break an agreement, carry out the agreed-upon consequence.

Evict when necessary

In addition to the previous note, don’t be afraid of eviction. If you and your tenant signed to uphold a contract, you are legally able to evict them if certain rules were broken. Remember, a lease is a 50/50 relationship. If your tenant isn’t acting accordingly, you are within your rights to end that relationship. If you need a refresher, Landlordology offers a step-by-step guide to evicting tenants.

Reach out to us!

Sometimes it’s too late to act on the damages a poor tenant leaves behind. If your tenant left behind a weird odor, property damages, and other high-cost repairs, consider selling your home to a house-buying company. House-buying companies will purchase your home off you, unmade repairs and all, for a fair cash price. Do you live in or around Macomb County, Michigan? Deal with us! We’d love to check out your home and do business. For a fair cash offer, visit our home page. For any other inquiries you may have, feel free to call us at 586-200-1710.

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Mailbox outside of a residence.

All homeowners eventually have to go through the daunting task of selling their home. In fact, for many people, this year will mark the first time they’ve ever sold property in their lives. In this article, we hope to educate you on the best path you can take in this tricky process. Here are three different methods for selling your residence in the United States.

Sell your home to a house-buying company

House-buying companies, also known as property investors or cash home buyers, are businesses that purchase your house for a fair cash price. This type of house-buying is an increasing trend in today’s economy with a proven, painless process. We won’t go into too much detail on house-buying companies in this article. However, if you want to learn more, check out our blogs on how to find a good house-buying company and reasons to sell to a cash house buyer. For now, we’ll break down the pros and cons for you.

Pros:

  • Enjoy a quick transaction (can take as little as under a week).
  • You both agree on the price offered.
  • There’s no need to make repairs (they will flip your home after purchase).
  • No heavy paperwork.
  • No commission or closing costs.
  • You won’t have to market your property or appeal to purchasers.

Cons:

If you’re interested in learning more about house-buying companies, we encourage you to do your research. These businesses are quick, easy purchasers with years of experience under their belt.

Sell property through a realtor

Selling your property through a realtor is the common, traditional route. Indeed, this method is tried and true, which is why so many people take the realtor path. However, if this is your first time selling property, be sure to educate yourself thoroughly. Many people don’t realize the amount of fees and time commitment needed when selling through an agency.

Pros:

  • Realtor is knowledgeable about the area, process, and other sale-related factors.
  • Your house will probably get more exposure to potential buyers.
  • A lot of the stress of selling your home yourself is taken care of by the realtor.
  • Realtors are experts in their field and can answer questions.

Cons:

  • Paying commissions.
  • Paying closing costs.
  • Draining money into making repairs and staging your home.
  • Being only one of many clients your agent may have.
  • Possibility of home sitting on the market for longer than you’d like.

Indeed, while real estate agents are professionals, they’re still at the mercy of the market like anyone else. This means that you’re not guaranteed a speedy sale or ideal profit.

Sell on your own (FSBO – For Sale By Owner)

These days, many people elect to sell their home themselves rather than through a real estate agent. As newer generations become familiar with DIY-culture, and search engines make a vast wealth of information available to us, people are more confident in their ability to do things themselves. However, for novice house sellers, putting property on the market can be overwhelming if they don’t know what they’re in for. Here are the benefits and drawbacks of selling a home by yourself.

Pros:

  • You have your own timeline and can proceed at a pace comfortable for you.
  • If you need help, the internet is always available.
  • You don’t have to pay commission costs, closing costs, or other fees to a third party agent.

Cons:

  • You have to draft your own paperwork, prepare your own showings, and research all selling factors.
  • Marketing your home can be incredibly difficult.
  • Your home may get less exposure if you have a small or nonexistent network.
  • You may still have to pay for repairs or stage your home.
  • The process is time-consuming and stressful.

If you are set on selling your home yourself, Forbes has a great article that breaks down a few tips which may be helpful to you.

Conclusion

All in all, selling your home is a different experience for all homeowners. The method you choose should be the one that best accommodates your needs. If you’re looking to cut out costs, consider avoiding real estate agents. If you don’t want to deal with stress, try not to sell by yourself. Of course, we encourage you to investigate further to make a decision that will ultimately benefit you in the end!

Ready to do business?

If you’re in or around Macomb County, Michigan and want to sell your home fast, connect with us! We’ll purchase your property – repairs and all – for a fair cash price. For more information, feel free to explore our website or reach out to us at 586-200-1710.

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Preparing your home for sale can be just as lengthy a process as marketing it. In order to encourage buyers to bite, your property should be spotless, inviting, and well maintained. In this article, we’ll share four initial steps to take before you actually begin selling your home. If you prefer to sell your home fast and hassle-free, scroll to the bottom for information about house-buying companies.

Ways to prepare your property

Clean and bright kitchen.

Step 1: Declutter and clean

Before initiating any sort of sale process, your first step should be to clean and declutter. First, get rid of any personal items that are only adding mess to your home. This includes old papers, clothes, baby toys, even bulky furniture. Don’t forget to declutter those hard-to-tackle areas, such as the garage, shoe closet, and attic. Once you’ve rid your home of unneeded items, dust and disinfect every corner of every room. Be sure to target your window sills, under furniture, and other hard-to-reach places.

Cleaning and decluttering your home gives you a fresh canvas to begin the selling process. Not only this, but buyers are likely to be more attracted to the property when it’s spotless. In addition to these benefits, you’ll enjoy a shorter packing and moving period when the time comes. Not to mention having a clean environment gives you a clearer, stress-free headspace.

Decluttering can be overwhelming and time-consuming if done improperly. For actionable tips, check out Budget Dumpster’s article on how to declutter your home.

Step 2: Make a list of repairs

Crucial to any property sale is knowing which areas need work. When you have the time, grab a pen and notepad and make your way through the home. As you do this, jot down everything that needs repairs, small or large. Is your faucet leaking? Are there cracks in the wall? Do the cabinets have a squeaky hinge? If so, make note of it.

Even if you don’t plan on fixing these problems, it’s handy to have a list. This way, if a buyer brings up a property issue, you’re prepared and can have a discussion about it. Being knowledgeable about the repairs needed instead of feigning ignorance will make you seem like a more competent and trustworthy seller.

Step 3: Tackle property repairs

Once your list is made, you can go through and make fixes. We suggest working on the small stuff first and budgeting for the big stuff. For example, go through and put some oil on those squeaky hinges. Unclog the drains. Seal up scratches in the tile. After the small tasks are managed, look into the more formidable repairs, such as old carpeting or holes in the wall. You should come up with a budget to see which repairs, if any, you can afford, and set a timeline to complete them. After all, it’s easier to sell a house on the market when your property doesn’t require repairs already.

Step 4: Make final touches

If you succeeded to make it through Steps 1 to 3, great work! Preparing your property for sale is no easy feat, so any step taken is a victory.

The final piece of advice is to make additional changes. This can be anything from opening all the windows to air out strange odors, to throwing some fresh paint on the front door. The little last-minute touches you make is what will really put your home over the competitive edge. Tip: buyers are typically more attracted to bright areas and fresh air, so keep those curtains open. It also helps to dust regularly before any potential purchasers view the home.

Skip the hassle – sell to a house-buying company

Not interested in the time and energy-consuming process of preparing your home for sale? Consider selling to a house-buying company! These businesses are interested in purchasing your home – no repairs needed – for a fair cash price. Want more info? Check out our article on why you should sell to a cash house buyer.

If you live in or around Macomb County, Michigan, we’d love to buy your property off you! For more info on who we are, feel free to explore our website. For inquiries, please don’t hesitate to reach out to us at 586-200-1710.

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Doing business with house-buying companies can mean selling your property to trustworthy home investors for reasonable profit. It can be the best way to sell your home quickly without making repairs or doing lengthy paperwork. However, like all industries, there are scammers who masquerade themselves as professional house-buying companies. The goal of these individuals is to purchase your property for dirt cheap. So how can you determine the difference between legitimate companies and scammers?

Outside the front door of a house.

Characteristics of house-buying scammers

Luckily, there are a few ways to identify house-buying scammers prior to making a sale. Before signing off your house to any company, take a look at our criteria and make an informed decision. Of course, the last thing you want is to sell your house for an unfair, rock-bottom price.

Vague professional presence

Firstly, how did you get in touch with these individuals? Do they have a website or online reviews? If they have cheap or free advertising – such as a vague handwritten roadside sign – try searching up their number. Additionally, if they don’t have a website or any online presence at all, that may be a huge red flag. It’s always best to verify that they’re a legitimate business before initiating a sale.

Poor communication skills

Secondly, how are their communications skills? Do they ask a lot of questions about the home, or do they seem uninterested in the details? Businesses that don’t try to learn about the property may not be interested in giving you a reasonable price. Instead, they may offer you a purchase price remotely. If they don’t even attempt to schedule appointments with you, don’t bother dealing with them. House-buying scammers try to purchase the property with little effort expended on their part.

To add on to this point, ask yourself if they’re pushing you to sell your home. Legitimate cash house buyers are speedy, but will never try to make the seller feel pressured into accepting a deal. The process should feel clean, professional, and stress-free. Did they hire an attorney to fast-track the transfer of title without consulting you? This is a huge red flag. Ideally, legitimate cash house buyers always consult with you throughout the whole process. House-buying scammers, on the other hand, will not give you time to think.

Iffy credentials

Thirdly, how are their credentials? We touch on this a little in the first point when we discussed reviews, but legitimacy goes deeper than testimonials. Can they produce the necessary financial documents needed? Or do they throw bank statements and vague account numbers at you? If they offer too much personal information on the “legitimacy” of their finances, they may be out to scam you.

Characteristics of legitimate house-buying companies

In this section, we will go over the general traits of a legitimate house-buying business. In the previous three points, we discussed professionalism, communication, and credentials. We’ll go over the same three criteria, and tell you how a good company presents itself.

Easy-to-find professional presence

To start off, legitimate cash house buyers often have a website or online profile to share their past reviews. They won’t hide themselves or their track record. A great indicator of a legitimate business is locality. Companies within the community know all about the area and aren’t likely to rip you off.

Great communication

Secondly, legitimate house-buying companies are incredibly transparent throughout the whole process. Before purchasing a home, they’ll always try to visit, whether by attending open houses or viewing the home multiple times. Of course, they’ll inquire about the property, including repairs needed, cosmetic changes made, the house’s history, etc. This is because cash house buyers truly love flipping homes and want to be well informed before committing to a sale.

As mentioned previously, a huge red flag of house-buying scammers is if they pressure you into a sale. Legitimate cash house buyers are only interested in doing business if you’re all in. They will never try to force you into any deal. Additionally, professional cash house buyers won’t contact you through a third party such as an attorney. One-on-one communication is important to legitimate businesses, particularly local ones.

Trustworthy credentials

Finally, be positive on the legitimacy of their credentials. If they can produce legal financial documents prior to making a purchase, they are legitimate. In fact, cash house buyers encourage you to ask them about the process and paperwork needed. Just like you, legitimate businesses are only interested in a streamlined, painless purchase. There should be a natural feeling of mutual trust and professionalism.

Selling your home in Macomb County? Deal with us!

On the topic of professional cash house buyers, consider doing business with us! We purchase property in the Oakland and Macomb Counties for a fair price. Please feel free to explore our website for more information. If you’d like a tentative cash offer for your home, you can do so on our home page. For inquiries or to do business, don’t hesitate to shoot us a call at (586) 200-1710.

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There are many reasons why a homeowner may need to find a cash home buyer quickly. Whatever the reason, finding a great cash home buyer in Michigan can be a lengthy process. However, the results are well worth it. In this article, we will discuss what to look for in a quality cash home buyer, and how to find one.

Woman searching for cash home buyer on laptop.

Criteria for a quality cash home buyer

When looking for the perfect cash home-buying company to deal with, there are three core criteria you should keep an eye out for. These standards will ensure you’re working with professionals who can give you the best deal. Indeed, a company that meets these three checkboxes are more likely to guide you through a pleasant and painless transaction:

1. Knowledgeable

It’s crucial that any cash home buyer you deal with is completely knowledgeable about the process of a home transaction. Like any professional business, you will rely on them for information through each step. That said, a great buyer will know their stuff and can keep you thoroughly informed.

2. Communicative

Going hand in hand with being knowledgeable is being open and communicative. You’ll know you’re doing business with someone who is fair when they are transparent about all questions you ask them. It’s vital that whoever purchases your home includes you in all decisions and gives you relevant updates.

3. Good reviews

The easiest way to determine if an established cash home buyer is worth your time is to read their reviews. If reviews aren’t readily available online, they should provide you with client testimonials per your request. A company that refuses to share this information with you may be exposing a few red flags.

Where to find cash home buyers

All that said, here’s the best places to look when searching for a cash home buyer. We suggest looking in more than one place, and cross-checking companies across various platforms.

  • Google. Regardless of this article, you probably were already planning to do a quick Google Search of cash home buyers. The great thing about Google is that you can find a large number of companies in your area quickly. The main reason to use this particular search engine, however, is so you can check out companies’ Google reviews. Typically on a five-star scale, you can see possible grievances past clients have had as well as standout buyers worth looking into.
  • Craigslist. While Craigslist does tend to have a stigma around it, it can be a surprisingly decent place to find services if you’re a careful researcher. Look at this article about finding buyers on Craigslist by Nick J. By using his aggressive method – and being firm yet concise to all potential buyers – you may certainly find a gem on this site.
  • Yellow Pages. While these hefty yellow books have been mostly forgotten, they’re still a valuable source of contact information for more established cash home buyers. What’s great is that Yellow Pages is now available in search engine form! With a user interface similar to Yelp, you can now sort through house-buying companies with ease, comparing reviews with prices all on one site. Simply add your location and search “cash home buyer”.
  • “We Buy Houses!” Signs. Ever see those side-of-the-road simple signs that exclaim “We buy houses!” and include nothing more than a phone number? You may be surprised to find that many of these are legitimate businesses. One great benefit of these smaller cash home buyers is that they’re local and likely to provide quality, small-business support. If you see one of these signs on the roadside, try giving them a ring.
  • Word of Mouth. One of the greatest influencers is word-of-mouth. Connect with your friends and family and ask for their cash home buyer recommendations. After all, the most trustworthy reviews are from personal connections.

Connect with us!

For more information on the topic of cash home buyers, be sure to explore our website. We buy homes for cash in the Macomb and Oakland County areas. We’re happy to work with you if you are in need of selling your home fast. For any questions or inquiries, please feel free to contact us! Head to the home page to submit an inquiry for a fair cash offer of your home.

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