Frozen bank account and only half the rent for now?
Hi dear BP members, I would need your help and would love to hear your opinions on this!
I have just purchased a rental, the tenant came with it. He seems to be nice, works in hospital as technician, he does has house foreclosure history though. For this very first month, he told me he had half in cash and half in a check for me to deposit later - the bank just suspended his account due to an unauthorized transaction the night before.
What should I do at this situation? Should I charge extra late fee? Should I just wait? I am a first time landlord and any suggestion would be really appreciated! Thanks in advance.