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Updated about 6 years ago on . Most recent reply
Tenant debt and about to sell property
Hi everyone, so selling a quad in Louisiana and set to close on Jan 4th, however, I have 3 tenants that have been behind and despite months of asking my manager to process evictions if they did not catch up, I now have over $2K in tenant balances (with $595 & $575 rents by the way), which will likely be around $3K with Dec rents and by the time I sell. 1 of the tenants has a lease with current manager that started around Aug...other 2 had leases with previous managers and are now effectively on month-to-month and being managed by current manager who "will not file eviction in order to avoid losing sale". Any ideas on possible/feasible recourse against tenants either before or after the sale? Thank you, Payman
Most Popular Reply

First...fire your PM, but that should be obvious.
Second, learn how to file foreclosures and then, maybe file them?