3rd month in a 2 yr lease late rent, not paid water once Colorado
So I am a newbie - and it seems like my very first tenant may end up being not so great! In April we closed on a second home and moved into it and kept our home in Erie to rent out. We found tenants that everything check out on - except this is the second month they are late - except this month - today being the 16th they still have not paid rent. Our home is not chump change either. Currently worth $500K+. Neither is the mortgage. We do have savings etc we put away for this reason but I di not think the first people we would rent to may potentially drain the bank! I am sending a letter to pay up tomorrow by the 22nd and if not I will start Eviction. I also checked with the Town of Erie and they have not paid a single water bill either. Which I understand the town can put a lien on my house for that - so of course you know who will have to pay that.... Any advice on the front end is totally welcome!