If you own a rental property and a tenant trashed it when they left, make sure you read this article. We’re addressing the all-too-common problem landlords have when they say, “Help! My last tenant trashed my Washington, DC house!”
Do you own a rental property? Did a tenant leave it in less-than-perfect condition? It happens! In fact, it’s an experience probably every landlord has faced at least once. If you looked at your empty rental property and said, “Help! My tenant trashed my Washington, DC house,” then here are three things you can do to move forward.
Is it worth going after the tenant?
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 expensive effort to get the tenant to pay you back. However, if the damage is significant enough, and you believe you’ll be able to win AND collect the money, it could be worth your effort.
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 fixes the problem. If that’s the case, you can simply fix it up and rent it out again. Accept the inconvenience as the cost of doing business. However, if the damage is too extensive or not worth repairing yourself, consider one of these options:
You could rent your house to a handyman
One little-known option that is actually really helpful is to find a handyman who wants to rent the house. In exchange for a discount on rent (or even free rent), they can fix up the house for you to make it a nice rental property again. Make sure you have a timeline spelled out in a contract to avoid them staying too long without doing the work.
You could sell the house
Another option is to sell the house and move on from owning a frustrating rental property. The challenge here, however is that selling the house on the open market will likely require you to fix it up first, before an agent will list it. Another option is to sell privately to a house-buying team like ours. (We buy houses in as-is condition and fix them up ourselves).
To get a fair cash offer for your property, no matter what condition it’s in, call our office today at (877) 804-5252. We can buy your property fast.