Inherited Tenants paying the Security Deposit
Hi BP, I closed on a duplex this past late June, I think I hit a home run, however I inherited two tenants as I have done basically for all my properties I have obtained in less than 2 years. One of these units needed and still need to pay for the security deposit, any ideas on how I should communicate with these situations and the passive aggressive comments made via text from tenants. Thank you in advance for any advice i really appreciate it.
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@Benjamin Allen Hi Benjamin, I agree, keeping a roof over their children's heads should be high on the priority list, thus providing the landlord with the money rent. I have only had to deal with rent being late 1 time and I received the rent + the late fee on the agreed upon date. I never received rent late again, I even received it early on another occasion because the tenant told me he had something come up in his life.
I would give them to the agreed upon time later today to pay the rent + the late fee. If not, in my opinion you should serve them a 3 or 5 day notice and move forward with the eviction process. I would guess to say that if the tenant is having trouble providing rent on-time they are not going to be able to provide you with a security deposit. The last thing you want is to have this become a regular occurrence and a monthly headache/added stress for you. If you do want to keep the tenant, maybe by you demonstrating to this tenant that you are serious will be the wake-up call that this tenant needs to know that you are messing around and you will pursue eviction if needed.