How to Save Your Rental Property When “Good” Tenants Turn BAD

How to Save Your Rental Property When “Good” Tenants Turn BAD

Could your rental property be occupied by bad tenants masquerading as good residents? After an incident that led to thousands in property damage, a complex insurance claim, and an eviction, today’s guest learned the importance of a watertight tenant screening process. And YOU can, too—without all the drama!

Welcome back to the “Real Estate Rookie” podcast! Chelsea Borden owns four duplexes in Buffalo, New York—an investing market with a low barrier to entry, where new investors can achieve the one-percent rule with relative ease. What Chelsea learned, however, is that it only takes one bad tenant to disrupt an otherwise-smooth long-term rental operation. In this episode, she shares how a family friend caused $11,000 in damage. By acting swiftly, Chelsea was ultimately able to evict the tenant, rehab the property, and place a new tenant.

Tune in as Chelsea shares her biggest lessons learned from this costly experience. You’ll learn the ins and outs of filing an insurance claim, why you should require your tenants to carry renters insurance, and how to get the ball rolling when evicting a tenant. Chelsea also shares her best tips on home renovation projects, screening tenants, and homeowners insurance policies!

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Join BiggerPockets for FREE 👇
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Join the Real Estate Rookie Facebook Group:
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Find Investor-Friendly Lenders:
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The REAL Cost of Bad Tenants and “Cheap” Contractors (Mistakes to Avoid!):
https://www.biggerpockets.com/blog/rookie-382?utm_source=youtube&utm_medium=description&utm_campaign=none
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The $150K “Stolen” Rental Property and How to Avoid a Real Estate Scam:
https://www.biggerpockets.com/blog/rookie-376?utm_source=youtube&utm_medium=description&utm_campaign=none
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Making $115K From a Nightmare First Deal (Cops, Evictions, and Break-Ins!):
https://www.biggerpockets.com/blog/rookie-364?utm_source=youtube&utm_medium=description&utm_campaign=none
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How to Protect Your Rental from Fires, Floods, Lawsuits, and Liability:
https://www.biggerpockets.com/blog/rookie-307?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley:
BiggerPockets: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/

Show notes at: https://link.chtbl.com/Rookie

00:00 Intro

00:59 The Dreaded 10 PM Phone Call

08:39 $11K in Damages?!

14:52 Renovations & Investing in Buffalo

20:01 How to Screen Tenants

27:51 Chelsea’s Insurance “Pro Tip”!

29:40 Connect with Chelsea!


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