You probably never thought about this, but did you know that deadbeat tenants are more likely to target owner-managed rentals? Think about it…if there’s a chance that they aren’t going to be able to make their monthly rent payment, and they know it, then they’re going to put themselves in the best position possible. In other words, the place where they think they can get away with late rents is the place they’re most likely going to live.
Why is that? Well simply put, individuals who manage their own properties often have the most difficulty dealing with deadbeat tenants. This can be for a variety of reasons, including:
- They feel bad
- They don’t know their rights
- They’re scared to evict
You also have to remember that evictions cost you time and money. Even if you are brave enough to handle it all on your own, there are lots of preparations and red tape you must take care of. A property management company will often have relationships with local landlord attorney in order to get things done as quickly and cost-effectively as possible.
Don’t want to deal with deadbeat tenants? If you’re based in Chicago, we can do it for you. Find out more by contacting us now.
