Chances are, you became a landlord for all the right reasons – maybe you bought a property or inherited one and decided to rent it out for additional income and give someone a home all at the same time! But this dream can become a nightmare if you have a difficult tenant who isn’t paying their bills or damages your property. Here are insights into your rental property rights and how to deal with this frustrating problem, from our Fort Worth cash for property agency.
Step #1 – Have a face-to-face conversation
The best place to start is to try reason with your tenants. It’s best to do this face-to-face, as it’s easier to communicate your issues and come to an agreement, so set up a time that suits both parties for a meetup. Don’t let your emotions get the best of you, so stay calm and stick to the facts. If they aren’t paying, explain that you need to meet your own bills and try work out an easier payment schedule that suits both of you. After all, they may be going through difficult times too and may not be aware they’re causing an inconvenience for you!
When you come to an agreement, get the payment plan in writing, and have all parties sign it.
Step #2 – Make sure you’re holding up your side of the relationship
Landlords have a lot of responsibilities along with rental property rights, and if you’re not sticking to your end of the rental agreement then it creates opportunity for your tenants not to stick to theirs.
- Security deposit deductions – Keep records of any deductions from the security deposit for repair costs and make them available to your tenant.
- Repairs – Complete necessary repairs and maintenance to the property within a 7-day period. You also need to ensure proper waste disposal, eliminate pest infestations, and ensure the safety of plumbing, gas, and electrical systems.
- Entry – Always issue a notice of entry before you visit the rental property unless it is by court order or an emergency.
By law, if a Texas landlord refuses these responsibilities or fails to perform them, the tenant has the right to complain to Texas health inspectors, deduct repairs from their monthly rent, or break the leasing contract.
Step #3 – Removing your tenant
This can be done one of two ways. You can either:
- Not renew their lease – Usually you have to give a non-renewal notice to the tenants that allows 30-60 days for them to move out, while month-to-month leases require one month’s notice. Check your lease agreement to make sure you are compliant with the terms and within your rental property rights.
- Eviction – This can be utilized in accordance with your lease agreement (some leases require you to give a grace period for non-payment, etc.). Keep in mind that eviction processes are a 3–6-week period and it’s very important to understand your rights as a landlord. To start, you need to serve a Three-Day Notice of eviction. If the tenants do not leave after this period, you need to start a legal eviction process which will require a lawyer’s assistance. It is essential that your lawyer guides you to stay within the law, as any breach causing improper eviction can allow your tenant to take you to court and overturn the process.
No longer want to be a landlord? How to sell your rental property as is
Being a landlord can be stressful, frustrating, and expensive – even if you have great tenants! The good news is that if you do decide to sell your rental property, there is no need to do any repairs on it – depending on who you are selling it to!
If you are selling to private buyers through an estate agent, then the repairs will be necessary to attract the right buyer. The problem here is that not only will the repairs cost you money, but there’s no guarantee that you will make that money back when you sell your property – and that it could take months to get it off the market. And on top of that, you’ll have to pay real estate commission, which can be as much as 6% of the final sale price.
But if you sell directly to a reputable Fort Worth cash for properties agency, you don’t have to worry about any of that! We take no commission, we don’t require any repairs to the property, and we offer a market-related sale price where the money goes into your pocket in as little as 24 hours. No waiting for the ideal buyer, no dealing with contractors, no commission – just a very quick sale.
Want to sell your rental property? Our Fort Worth cash for properties agency will buy your rental property as is!
When you want to sell your rental property as is and without spending more money on it or paying real estate agent fees, there’s no one better than Shiny Key Properties! Our Fort Worth cash property buyers purchase properties in any condition, at any time of year, from well-kept family properties to teardowns and distressed properties. If you want to sell your rental property as is without having to look for a buyer, deal with a real estate agent and pay their commission, or even empty the property, then the best option is to sell directly to our cash for properties agency. We price your property according to the market, so you get a fair deal in record time, and we can even help you get out of foreclosure quickly!
When you want to sell your rental property if it’s damaged, in foreclosure or because you simply want to sell, we will buy your property fast, putting a lump sum into your account in a matter of days. Here’s how our process works:
- You enter your information on our website. We’ll contact you directly to discuss an offer for your property (you can also get a free property evaluation from our website)
- You can accept or reject the FREE NO-OBLIGATION offer
- Cash will be deposited into your bank account – with no real estate agent fees or realtor fees
- We can handle all aspects of the process, including clearing out the property
- You can also call us directly on 469-858-0088
That’s all there is to it!
Our team is compassionate and highly motivated to offer you the best possible market-related price for your property, so you can sell your rental property fast. Not only does this cash go straight into your bank account as soon as the sale goes through, but you also pay no real estate agent fees or commission. It’s the best way to sell your rental property as is.