If you're the proud new owner of a multi-unit apartment building or rental complex, you have every reason to be excited about your future prospects. Property is, after all, a great way to build longstanding wealth.
3 Problem tenants you need to anticipate
What can you do if a tenant damages your property?
When you have a tenant who is damaging your property, you might want to start looking into eviction and other legal options. You want to guarantee that the property you are renting out will be left in good condition. Otherwise, you'll end up losing money despite all the rent you've collected.
Get to know the law before evicting a tenant
If you have a tenant who has taken advantage of you or been unable to pay for rent, then it's time to consider eviction. Evictions are sometimes a necessity because tenants aren't always good about paying on time or treating your property with respect.
How long does it take to evict a tenant?
You may own an entire apartment building, or several condos that you rent out for extra income. Of course, with anything that involves tenants, there are challenges that accompany your role as landlord. What if one stops paying their rent? What are your options when it comes to evicting the tenant?
