Renting your house out can be fun and profitable venture, but like any other business endeavor becoming a landlord can give you frequent nightmares, if you have troublesome, irresponsible tenants. You are entrusting a major asset to people whom you don’t know very well and who are not very well invested in its maintenance as you are. If you are the proud owner of 1 BHK Flats in Mumbai, you might as well become a landlord too.Some reasons why the renter suffers and spend sleepless nights could be summed up as below.
Disruptive and Destructive Tenants- Everything is hunky-dory in the beginning, but a couple of months later problems start. Tenants can cause difficulties by paying late, refusing to pay or violating the terms of the lease agreement. They could damage the property accidently or do it on purpose. They may not maintain the property and leave it in shambles. [Read more…]