Do you have tenants who aren’t paying rent? You’re not alone. Since the COVID-19 pandemic begin in 2020, many landlords are dealing with increased cases of non-payment. It’s becoming increasing difficult to even keep up with the laws. It’s one of the most frustrating aspects of being a landlord. In this article, we’ll talk about how landlords in North Carolina are dealing with tenants who don’t pay rent.
If you have tenants who aren’t paying rent, you are facing the same dilemma that almost all landlords go through at some point. It’s frustrating and unfortunately, your options are more limited than ever. Here’s how Raleigh-Durham area 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 background check on your tenants, and if you have a lease contract, you’ll be able to prepare a better case. But here are your other options…
#1. Avoid the situation
You could avoid the situation and hope they pay. This is definitely not the best option but it is an option that many landlords take. You can just ignore it and hope they’ll pay on time next month and maybe even catch up. Frankly, it may not happen (it rarely does) but it could happen so we’re including it here as a possibility. When dealing with tenants who don’t pay rent, we don’t recommend this strategy because it opens the doors to the possibility that your tenant will take advantage of you.
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 by the week 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. 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, time-consuming process that may involve some legal hassles too. Eviction is very difficult to do in Raleigh and Durham due to eviction moratoriums, because many laws favor the tenant over the landlord. It may be worth doing this in the long-run, though, if you can get a paying tenant into your rental property.
Another option is to sell. If this is just one of many frustrations you’re facing with your rental property then it could be your best option! Just imagine selling the property and getting on with your life – and not having to deal with tenants their annoying troubles any longer. Many landlords love the new-found freedom they get when they sell.
At Green Street 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.