Do you have a rental property in Montgomery, Texas, that’s been trashed by bad tenants? Having rental properties can be great, but there’s always the risk of tenants not fulfilling their responsibilities. A trashed rental is every landlord’s nightmare. It happens to the best of us, even when you’ve done your due diligence and screening. How could someone who seemed so stable turn into such a disaster? Life can hand out terrible things to people, and your tenant may have some bad breaks that led them to self and home destruction.
It’s bad for them and bad for you. But eventually, there’s a breaking point, and you’re going to have to protect your investment. So what should you do when a tenant trashes your rental property?
Take Control of Your Asset
The first thing you need to do is evict the tenant if they’re still living on your property. Make sure to follow Texas state eviction laws. The timeline for evictions will depend on the landlord-tenant laws and the terms of your lease. Most states require you to give an eviction notice before any legal eviction process can begin. If you’re not comfortable preparing this notice yourself, hire an attorney for the entire process. The notice must meet the state’s requirements, or it will not be considered valid, and the eviction process will be delayed. Often, a notice will be enough to get the tenant off your property.
After they Leave
Once the tenant is out, you’ll need to perform a move-out inspection. Document everything with photos to demonstrate damages and debris left behind. Follow Texas law for retaining the security deposit because a tenant can sue you if you fail to fully comply with notices and timelines.
In this scenario, the damages will have exceeded the security deposit amount. You’ll need to consider small claims court to get compensated for the damages. Unfortunately, if the tenant does not have any money or assets, a court judgment will not help you fund the needed repairs.
Fix it Up or Sell?
If you can’t get the money needed from the tenant for repairs, you’ll have to cover the costs yourself or sell the property. Each day the rental remains vacant is costing you money. Even if the property has no mortgage, there are still property taxes and insurance to account for, along with utilities that remain on during repairs.
If the repairs are significant, or you’re just tired of being a landlord for this particular property, you have the option of selling it fast. You can list with an agent and wait 30-90 days or more to close. Try to sell it yourself, and possibly take longer. This is after you’ve completed all of the repairs, of course. The other option is to walk away within 7-10 days with cash. No repairs. No clean-up. Sell it as is.
Looking to Sell Your Rental Property Fast in Montgomery, Texas?
Brisea Properties serves home sellers in Montgomery, TX, and surrounding areas. Not everyone can wait weeks or months to sell their home through the traditional real estate market. And not everyone has the time or resources to ready a home that’s in disrepair and get it in selling condition. Whatever your circumstances Brisea Properties is here to help. We can buy your house fast and get your cash in a matter of days.
Learn more about how we can help @ www.briseaproperties.com
.png)
.png)
