Do you have tenants who just aren’t paying rent? It’s one of the most frustrating aspects of being a landlord. In this article, we’ll talk about how Portland landlords are dealing with tenants who don’t pay rent…
If you have tenants who aren’t paying rent then you’re facing the same dilemma that many landlords go through at least once. It’s frustrating and unfortunately, your options are limited. Here’s how Portland landlords are dealing with tenants who don’t pay rent.
Of course, the best defense is a good offense – meaning that if you are careful about doing a thorough background check on your tenants, and if you have a contract, then those things will help you. But here are your other options…
#1. Avoid the situation
You could avoid the situation and hope they pay. This is definitely not a good option, but it is one that many landlords take. You could just ignore it and hope they’ll pay on time next month. But that usually doesn’t happen. We include this option, not because we approve it, but because it happens. Problem is, when dealing with tenants who don’t pay rent you need to take action. Otherwise your tenant will know that you accept late payments. They’ll take advantage of you and the checks will get later and later.
You could negotiate with them because maybe they just need a different payment schedule. Not everyone can pay easily each month. Some renters can pay better weekly or bi-weekly because it’s a smaller payment. Or, maybe you can get them to do some work around the property in exchange for a discount on the rent. But if you choose to negotiate with your tenant, make sure you get an agreement from them that works for both of you, otherwise, you’ll just feel even more frustrated!
You can try to evict them, although be aware that this can be a complicated in Oregon. It’s a time-consuming process that will involve hiring a lawyer. Eviction is a very difficult and lengthy process, especially since Oregon laws favor the tenant over the landlord. But it may be worth doing this in the long-run so you can get a paying tenant into your rental property.
In particular, Portland has now become even more tenant friendly requiring 90-days notice and relocation payments. This is a tough one, so the idea is to fully screen your tenants (i.e. avoid the situation) and negotiate a deal that works for both you and the tenant.
Another option is to sell. If this is just one of many frustrations you face with your rental property then this could be your best option! Imagine selling the property and getting on with your life, not having to deal with tenants and their annoying problems any more. Many landlords love the new-found freedom they get when they sell.
OK, selling is a last resort. It will be difficult to sell if the property doesn’t cash flow. And the buyer still has to deal with eviction laws. But for some, it may be the best option.
At AppleTree Group LLC we buy frustrating rental properties from landlords like you who are burned out, worn out, frustrated, and who just want to get their lives back.
Click here now and fill out the form or give us a call at (971) 246-7954 to get a fair fast cash offer from us today.
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