Your rental property is your investment. When you agree with a tenant on the terms, you expect them to treat the property with respect as more tenants may join in later and ones who were there before. Chances are, as a landlord, you’ve put a lot of time and money into your rental property and screening tenants. But despite your best efforts, you may get tenants that end up seriously damaging your rental property either accidentally or on purpose. (1)
You may wonder about the next best steps when such a scenario happens. It is not every day that you have to deal with property damage. Here are the first five steps to take after the incident:
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How you handle the situation depends on various situations. There are different scenarios that can exist. We buy houses Port St. Lucie FL and know the best way to handle the three main scenarios of property damage from a tenant.
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Did you know landlords can take legal action if tenants destroy their property? You should document the tenant’s damage before taking this step. Also, review your rental agreement with the tenant and understand your local landlord-tenant laws. We buy houses in Port St. Lucie and have experience with the best ways of dealing with stubborn tenants.
Contacting the police to report specific damage caused by a client is a good idea. In situations where a tenant may have stolen items, such as a water heater will be pursued as a criminal case. You also need a police report if you file an insurance claim or sue the tenant for damages.
It would be best if you spoke with your insurance agent to understand the impact of filing an insurance claim for damages caused by a tenant. Even if you are reimbursed, you should ask if it will increase your annual premium and how much.
You can sue the tenant in small claims court. You may be able to obtain a judgment against the tenant to compensate you for the cost of repairs. After that, you’ll need to record and enforce the judgment by turning the matter over to an attorney or collections agency.
We buy houses Port St Lucie FL is the team you can count on for the best options on your home.
Meet William Xu and Taylor Wing, the dynamic duo behind Black Knight Property Solutions, your go-to cash home buyer in Port St. Lucie, FL. Passionate about helping homeowners who are facing difficult situations, William and Taylor are committed to providing fast and fair solutions that meet their clients' unique needs. With their unwavering dedication and entrepreneurial spirit, they have built a reputation for delivering exceptional service and results. Their love for their community and desire to make a difference drives their work every day. Trustworthy, reliable, and compassionate, William and Taylor are your partners in real estate, no matter what your circumstances may be.
We here at Black Knight Property Solutions are dedicated to getting the most cash possible into your pockets for your home as-is, so that you can get the most out of this situation and prepare to move on. We will buy houses in any condition without you needing to fix your home before sale.