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Updated over 6 years ago on . Most recent reply

Andrew Yu's profile image
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Andrew Yu
  • Investor
  • from Little Rock, AR
  • Member since Jan 5, 2016
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Andrew Yu's profile image
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Andrew Yu
  • Investor
  • from Little Rock, AR
  • Member since Jan 5, 2016
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Andrew Yu
  • Investor
  • Little Rock, AR
37
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General Landlording & Rental Properties

Tenant Owe Money on Just Recently Sold Property

Andrew Yu
  • Investor
  • Little Rock, AR
Posted

I have a tenant not paying me April rent, and I just closed the transaction on selling the rental property today. How should I go about getting the rent money back?

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Thomas S.#2 General Landlording & Rental Properties Contributor
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Thomas S.#2 General Landlording & Rental Properties Contributor
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You will have to take them to small claims court to collect if they refuse to pay. You will also be responsible for paying the buyer their prorated rent for April regardless of the fact that you did not receive the rent. You should have started the process to collect as soon as rent was not received on time.

Most landlord selling simply walk away from the loss.

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