I’m going to say something a bit dramatic here: I believe 99% of the problems that landlords face is NOT because of the tenant, but because of the landlord.
Yes, that might offend some people but in my experience, most of the tenant horror stories I hear of (and complain frequently about!) are a result of the landlord doing an inadequate job at their job. And don’t think that I’m excluding myself in this. I can clearly look back on my past and see that 99% of my problems have been a result of something I haven’t done right.
So today, I want to share some of my observations and list nine ways to be a terrible landlord. Yes, I want to have some fun with this, but there is also a lesson to be learned. By mastering the craft of being a landlord, you can reduce a lot of stress and conflict between you and your tenants.
Let’s get started
1.) Don’t Charge a Late Fee
Don’t worry – your tenants will pay soon. They have important bills to pay, trips to take, and TVs to buy. Why worry about getting the rent on time? After all, it will come in soon. Or maybe not – but that’s okay too. Just let your tenant pay when they want and you’ll be the best landlord ever. After all, no one likes a landlord who enforces the rules, so let them get away with paying late, and soon you’ll get the bonus benefits of letting them move their shady friends into the unit, parties at all hours of the night, a trashed house, and more.
2.) Don’t Fix Maintenance Problems
Look – a house is expensive to fix, and if you use all that hard-earned rent on fixing holes and leaks …read more