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Lost Rent:
It takes one to two months to formally evict a person, sometimes longer if you miss a step. With rental rates running anywhere from $500 to $1,500 per month for a standard two bedroom unit, that's $1,000 to $3,000 in lost revenue.
The Tenancy Reports below, from actual Tenant-Net customer/members, are all too common:
Safety:
There are more than 1600 registered sexual offenders just in Maine. Given there are 500,000 registered sex offenders nationwide, and given the recent tragic events in Florida, California and Idaho, the need to carefully screen potential tenants for the safety of the apartment complex, and the children who reside there, cannot be overstated.
Damaged Units:
Problem tenants often damage your property, particularly upon the filing of an eviction proceeding. They know that the damage can well exceed their deposit, and they will willingly sacrifice the deposit to spite a property owner.
The Tenancy Reports below are not exceptional, but rather are reflective of the problem:
Legal Costs:
It takes time (yours) and money (Court costs, legal fees, Sheriff fees) to get to Court, and successfully evict a person. You can expect those fees to run $1,000 to $2,000.
Stress & Hassle:
Life, business and even the Government throw daily challenges at us. The last thing any of us need is a problem tenant, and all the inconvenience that arises from having one. Below is a typical story:
We Identify Quality Tenants:
At Tenant-Net, we can help you avoid difficult tenants, and identify star tenants. Does it work, you bet!
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