Nightmare Tenants Destroyed My Rental Property: What to Do

Jenifer's nightmare tenants left her rental property completely destroyed. What can she do about costly tenant damages? ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- Considerations When Dealing with Costly Tenant Damages Dealing with expensive tenant damages can be gut wrenching. It can also be difficult to decide how to proceed. Lawsuits are an option, but I would honestly think long and hard about moving forward with a lawsuit. First of all, if you’re already dealing with a tenant who is dodging financial responsibility, chances are there’s nothing to go after. I also would like you to know that it doesn’t matter if you’re in the right, it doesn’t matter if you win the lawsuit, going to court can suck the life out of you. It is a huge energy drainer. Consult with a lawyer to get their advice, but remember that a lawyer is going to want to make money. Here are a few other things to consider in this scenario. Did the tenant skip their rent payments because of a pandemic related issue? If so, you may be able to seek out assistance and the state or county level. Additionally, you may want to consider if there is an underlying issue in this market or with your property management company. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.