Happy Clause. Just search here for Happy Clause in the subject.
But they put the whole thing in the newsletter.
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We have about 50 units managed by an outside PM firm.. They are our harder to deal with assets.. The lower end family rentals, student rentals, the ones that need a lot of hand holding.
That firm recently hired a new PM that was assigned to our properties.. NO PM experience, but she has been a broker for years, and is picking things up quickly.. she IS on the ball.
She called me day before yesterday kind of whining about a new tenant that SHE had selected.. Demanding, demeaning, She has a LAUNDRY list of repair requests (this is a VERY nice, but 100 year old home) and wants me to play good cop, bad cop with her.. After I hear that the tenant slammed the door in her face because the PM said NO to a few repairs, I offered the following:
"Shawna, it's time to invoke the Sean's Happy Clause" She asks if she should shut her office door before she asks me just what that is... Nope.. It's a simple rule really, get ready to write it down, so you can repeat it to the tenant..
"You don't seem to be happy here, and I feel that nothing I do is going to make you happy, so I am invoking the happy clause that isn't written into your lease. I will tear up your lease and you can GO BE HAPPY SOMEWHERE ELSE."
She asks "can I do that?".. Sure you can.
I took a little ribbing from the investor's partner at lunch today "they are moving out you know.. what is all this happy crap".. Hey.. It's SPRING, that is a GREAT house, I just saved all of us 12 months of aggravation..
DO NOT keep or put up with problem tenants. Even if they have good jobs and good credit.. If they are a PITA, invoke the Happy Clause.
Sean
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--24.21.xx.xx