Inhearting Tenants

[Becca Summers]

I've taken over the property management on a home for my parents. I have my own rentals that I manage very differently but my father has been very lenient. The tenants I've inherited are currently a month behind and the first is coming up. My mother is fine with me giving them notice to vacate raise rents to market value (about $400 under) my father would like me to work it out as he worries about vacancy.

I've been able to turn homes quickly so I don't worry about the vacancy to much. What you you do?

1. Option one work with the current tenants but plan on eviction if rent is not paid in full by the 5th?

2. Give them notice to vacate in 30 days.  Knowing I probably won't get October's rent as well?

I think the current tenants think I'll be like my father so they can work the system.