Posted by AzBob on April 02, 2003 at 20:45:23:
I agree with Long Beach Ed.
Serve him notice today, keep taking the legal steps required until he moves.
Rent concessions NEVER ! Once a tenat goes bad you want them out fast.
Bob
Tennant - Posted by easymoney1
Posted by easymoney1 on April 02, 2003 at 11:20:45:
My tenant informed me this morning he can no longer afford to pay my rent and is going to move out with in the next 2 weeks; secondly he said he won’t be able to pay the full amount this month. Obviously I need to get rid of him ASAP. I am some what sympathetic to his situation however in the same breath I am a business man. Any thoughts on how I can proceed?
Re: Tennant - Posted by wpage
Posted by wpage on April 02, 2003 at 15:02:53:
Easy money I can understand where you are coming from. Been there…done that. If I had all the money that people owed me for rent I could buy another building or two for cash. It is human nature to feel for the honest people in the world who by circumstances beyond their control are having a hard time. But I’m sure your bank manager will not understand your tennants problems when the mortgage payment is due. What I would do is get your tennant to sign A.S.A.P. a letter stating what day he will be out. This will allow you to start looking for a new tennant to replace him so that you will hopefully only lose one months rent. If he won’t sign then start the eviction process immediately. good luck wpage
Re: Tennant - Posted by Brian Powers(MI)
Posted by Brian Powers(MI) on April 02, 2003 at 14:45:59:
there is nothing worse than an angry tenant who doesnt want to be in your house anymore living in your house.
he says he will be out in 2 weeks but that is rarely the case. most renters know the laws favor them and most know it would take you a good month to get them out after they stopped paying.
the sooner this guy moves out and you can move on - the better.
i’d tell him i was sympathetic to his situation and if he can be out 7 days from today you will waive april’s rent and give him $200 walking money.
sounds like you’re giving up a lot but in the bigger picture you really arent.
BMP
Re: Tennant - Posted by RichV(FL)
Posted by RichV(FL) on April 02, 2003 at 12:13:35:
Easymoney…
I have been through the same sob stories before with tenants. Take his security deposit and send him on his way.
Landlording is a “for profit” business. I’m sure as he is telling you he cant afford to pay you the full amount this month he is saving for his 1st month, last month + security deposit for his new place.
Toss him, you’ll find another taker.
Good Luck,
RichV(FL)
Re: Tennant - Posted by ~Steve~
Posted by ~Steve~ on April 02, 2003 at 12:11:09:
Well, I am not sure what his situation is and if there is anything you can do. It sounds like he is being upfront with you at the least. You may need to find out what is his problem. If the rents are to high for your tenant and he will stay if youlower his rent say $50 this may help him stay and you will not loose a tenant.
Or, It seems he is leaving ASAP, so getting the tenant out does not seem to be a problem. Don’t waste your time trying to get money out of him. Get yourself together in the next 2 weeks to clean up the place and get a good renter in your property. We are not in the business of making the mortgage payments that’s the tenant job.
Is this tenant breaking a rental/lease? If so you can hold his deposite. Or you can motivate the tenant’s move and help him at the same time by giving him 1/2 of the deposit now and the other 1/2 when he moves and your property is in good condition.
Just Some Thoughts
~Steve~
Re: Tennant - Posted by Long Beach Ed
Posted by Long Beach Ed on April 02, 2003 at 11:49:49:
If I trusted him and I saw signs of him moving, I’d just say goodbye.
If I had any doubt that he was going or that he found another place to live, I’d march into court and begin proceedings to throw him out. Every state is different, but here in New York, I’d post a 72 Hour Notice on the 2nd, then file court papers and serve him.
If you have a month’s security, keep it if he didn’t live up to his lease/agreement.
Its as simple as that. If he wants sympathy, he can see the judge. You’re not a social agency.
Long Beach Ed