You Can’t Win Them All
It happens, you get a losing hand in poker, you pick the slow line at the checkout, you pick a bad tenant.
It’s a matter of the numbers, in my case, more tenants equal more numbers and more chances for something to go off the rails, but the important part is you have to deal with the repercussions and move forward.
The image here is an example of a repercussion that I found yesterday upon arriving at one of my weekly furnished rental properties and is an an example of what can happen when you’re dealing with a bad tenant.
Etched on the top of my wooden coffee table were the words “Bill is a slumlord“. Just out of the picture is some additional graphic art including a swear word and random drawings. It was left by a tenant who had pushed my buttons too far and I evicted.
Yesterday was not a good day to talk to me…..
But today’s another day….
So I searched for the lesson from this, and initially there was none. Just frustration, disappointment and anger. Did I mention it wasn’t a good day to talk to me?
Today’s Another Day
The headline above may just be part of that lesson. It really is another day.
Part of the reason I evicted the tenant was he was continually late with rent, another was he was apparently incredibly messy and with this house being a shared accommodation, everyone has to clean up after themselves or it all falls apart.
When one person doesn’t clean up it deteriorates quickly. I’d left notes explaining things had to change, but they hadn’t.
I asked everyone who they believed the culprit was, but apparently their is honor among tenants and no one would point a finger, until a few days before I told this guy when his last day would be. One of the new guys said he was tired of the mess and confirmed my suspicions.
So anyway, I was to meet the departing tenant yesterday at noon, but instead found this, found the front handle on my door was broken off, my front light outside light cover taken off and smashed on the front sidewalk, a general mess of spills on the laminate floor in his room and of course, the lovely etching. What a lovely fellow.
Bad Tenant, But Big Picture
In the big picture it’s not a huge dollar expense, but it’s the time and energy to fix it that gets disappointing. But what hurt the most at the time was the frustration that he felt I was a slumlord.
Here’s a picture of the room normally, does it look like a slum to you?
Clean Up Day
With furnished rentals, it’s important to keep them filled, so my wife and I returned today to get everything cleaned up, to take the coffee table away to see if we could repair it and to get things back to clean.
After a couple hours of cleaning, it’s like a new place! Not back to where it was before this fellow moved in, but far closer.
And it was also where the lessons started showing up.
When we arrived, the table was still etched and the fellows room was still a mess, but the kitchen counters and kitchen table were all clean, neat and tidy. One or more of the other tenants had stepped up and cleaned up partially at least.
Since I had a very good idea of who it was that had done most of it, I texted the other tenant before I left just to inquire who had been cleaning and he admitted that he was tired of the mess. When I informed him we had spent the last several hours cleaning, floors, walls, taking garbage out and doing dishes, he was extremely appreciative and that was the important lesson!
Where we had one tenant who was so bitter and angry he defaced my property, I had another that was thankful for what I offered and for stepping up and those are the tenants we as landlords need to find and work towards keeping happy.
Good tenants are the lifeblood of our business
and bad tenants suck the life out of our business.
Having had over 1,000 tenants over the last ten plus years it’s amazing how many of the bad tenants seem to stand out, yet they made up such a small portion of the big picture. Yet of all the tenants I have had through, 90% have been good and 5% I dare say were simply awesome.
We Need To Focus More On The Awesome
We can’t let the bad experiences rule our lives. If you’ve had a bad tenant you know it can be a slap in the face and it causes many landlords to give up, to walk away from the business, their dreams and their original plans. We, YOU, can’t let that happen and when you have bad experiences chalk it up as a learning lesson.
Take something from your experience and see how you can apply it to future tenants or future interactions.
For me, I’m not sure what or how I could have dealt differently with the tenant at this point, but I could have made the other tenants happier sooner by acting earlier. I have to chalk part of this up to some bad apple, but I know I’ve had so many great apples the positive has to outweigh the negative.
Have you had a bad tenant experience? Want to share it below along with any lesson you learned? If so, I’d love to hear it!
Marilyn Arnold says
Just found your site and really enjoying it. I also do unconventional rentals. I rent travel trailers as residences and charge weekly, though I do use 6 month leases. Have only been at it a month and a half and the demand is really good and am making good money so far. Thanks for sharing your experiences!!
Landlord Education says
Hi Marilyn,
Thanks and glad you’re enjoying the site. Also nice to hear about your unconventional rentals!
As you’ve learned there are all types of opportunities and needs in the Real Estate market and it sounds like you’ve found one that is working well for you. Depending on where you are, you may find this could be seasonal and/or your costs could increase if you provide heating or electricity as part of the package, so keep an eye out for seasonal trends and/or slower busier seasons where you may be able to increase rates or have to lower rates to keep occupancy high.
With my weekly rentals over the years we notice trends and can help balance fluctuations better by being aware of them in advance. Some of these are slower times during Christmas as weekly tenants tend to go home for extended breaks, especially if you cater to tenants from out of state or province. Other trends are more activity around the 15th and the 30/31st of the month as people vacate their previous places.
Look forward to hearing more from you,
Bill
Marilyn Arnold says
Thank you for the pointers! I really appreciate insight from someone with experience.
We’re in an area with lots of people in from out of town working at the chemical plants and refineries, so yes, demand will fluctuate. Fingers crossed that they stay long term. There seems to be a big shortage of places for them to stay. Many are in motels.
They pay for their own electric and we pay for one propane refill per month, so hopefully that won’t be a terrible expense.
Landlord Education says
Hey Marilyn, that seems like the perfect market, for now. You’ll need to keep your eyes open for local and worldwide economic activities that could affect you and change the market quickly.
Having gone through the economic downturn in the late 2000’s we saw vacancies go from almost zero to over 50% in about six months and many of my properties ran that way for a couple years.
Fortunately, we had built up some considerable cash reserves during the boom times, but in hindsight if we would have unloaded several of the properties before the downturn or converted them to regular rentals we would have saved a ton of cash and come out far ahead. Lesson learned that I’m passing on is pay attention and have an exit strategy!
Bill
Kevin Kennedy says
Great information as always Bill.
Bad tenants teach us lessons we will not soon forget and not repeat again. Good tenants make our life’s easy so I have learned to screen a lot better now most don’t even get to look at the property as they don’t qualify.
Angelito says
great article Bill, always appreciate the lessons you post, hopefully we learned and do not have to go though that.
Landlord Education says
Thanks Angelito,
The important point being, don’t let the one bad apple spoil everything as there are good tenants and good people out there!
Bill
Mohammad Mulla says
Bill,
I have had my share of bad tenants, but I am thankful to all of them because they have really sharpened my experience. Underlying really most of their behavior is the belief that you don’t deserve the rent they’re paying to you. As a result of bad tenants I have doubled my security deposit which will be forfeited for any clearly mess up with the unit; I am not charitable to tenants in need and in tight spots – I just give my alms to the right organizations, and don’t mix them up with the business; and I am a better at spotting telltale signs of a potentially bad tenant. But the most important lesson I’ve learnt is to really go out of my way to retain good tenants.
Keep it coming!
Landlord Education says
It’s so true Mohammad, the good tenants do make it all worth while and it’s important to keep them. As a side note, while I had this “problem” tenant, I also received a text from a different tenant thanking me for providing such a great service (the weekly furnished rentals) to people as it worked out so well for him.
Bill
Kelly Simpson says
Wow, how awful!! I am surprised the other tenants put up with that…Did you change the locks?!