the point of non-compliance, with tenants trashing your place in anger and even outright refusing to move out. Many property owners — especially newbies — have a difficult time with the idea of eviction, either because they don’t know how or because they just don’t want to (or both). Maybe you’re not naturally a confrontational or authoritative person. Maybe you like giving people second or third chances. The issue, though, is that “problem tenants” — tenants who don’t pay or who destroy your property — are not only costing you, but also stealing from you! You have to think of it this way if you’re going to succeed in this business: They’re stealing money from your family, from your retirement fund, from your bank account. Wherever that money’s going to come from, they’re technically stealing money from you. Still believe in second chances? Let’s say your monthly rent is $2,000 and your tenant isn’t paying you, whether on time, in full, or at all. Would you allow that tenant access to your bank account? To log in every single month, and just take $2,000? I’ll bet you the answer is a strong “No way!” You need to think similarly if your tenant isn’t paying their rent. This could ultimately lead to eviction. It’s a difficult, challenging decision and task, but you need to face it head on.
Some of the most common reasons to evict a tenant:
• They don’t pay on time and ask for extensions beyond the grace period. • They don’t pay in full and ask for an extension until they’ve “got the rest.” • They don’t take care of your property and cause damage
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