If you own a rental property that was trashed by its tenant, make sure you read this article because we’re addressing the all-too-common problem that landlords have when they say, “Help! My last tenant trashed my Orange County condo!”
Do you own a rental property? Did you have a tenant leave it in less-than-perfect condition? It happens! In fact, it’s an experience that probably every landlord has faced at least once. If you looked at your empty rental property and said, “Help! My tenant trashed my Orange County house” then here are some things you can do about it…
Is it worth going after the tenant?
You need to first assess the damage and decide if it’s worth going after the tenant. Unfortunately, it often isn’t worth the hassle because it may be a time consuming and even expensive effort to get the tenant to pay you back. However, if the damage is significant enough, you may want to hold them accountable for the destruction they caused.
Is it worth repairing the damage?
From holes in the walls to missing toilets – we’ve heard of just about everything you can imagine! Sometimes a bit of drywall and paint will fix the problem – in the cases where damage is light, you may just want to fix it up and rent it out again, accepting the inconvenience as the cost of doing business. However, if the damage is not worth repairing yourself then you might be interested in a couple of other options:
You could rent your condo to a handyman
One little-known option that is actually really helpful is to find a handyman who wants to rent the condo. In exchange for a discount on rent (or even free rent) they can fix up the condo for you to make it a nice rental property again. Make sure you have a timeline all spelled out, though, to avoid any conflict about how long the work should take.
You could sell the condo
Another option is to sell the condo and move on. However, be aware that if you try to sell the property on the open market, you may have to fix it up first in order for the agent to list it. Another option is to sell privately to a condo-buying team like ours. (We buy condos in as-is condition and we’ll fix them up ourselves).