Tenant Late on Rent - How Do you handle This Situation?

Tenant Late on Rent - How Do you handle This Situation?

Rental Property Investor · Phila, PA · Member since 2018 · 553 posts · 118 votes

- Do you instantly jump into the eviction process? ( Late More than once, they have also passed the 10 day period of grace )

- Do you ever BEG or Repeatedly Text A Tenant Asking For Their Cash/Rent Money? ( my partner does this )

- Advice? Tips? Best possible professional way to handle it?

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Investor · Chicago, IL · Member since 2016 · 1k+ posts · 930 votes
7y

Immediately serve a 5 day notice on the 5th day of late rent. Don't accept anything less than rent and late payment in full.

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  • Investor · Chicago, IL · Member since 2016 · 1k+ posts · 930 votes
    7y

    @Cameron Riley, ok maybe at 5am and 10pm. But it's not harassment to call and ask about your money that they owe you.

  • Rental Property Investor · Phila, PA · Member since 2018 · 553 posts · 118 votes
    7y

    @Rowena Agustin

    No need to have property manager until you extend over 10 units!

    But yeah! the fees are insane!

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