Tenant won’t pay last month’s rent. Is eviction process worth it?
Hello BP Nation!
One of the inherited tenants (month to month lease) in my first investment property was given notice to vacate as we are looking to do some rehab work on the property. It is now the last month and tenant says they can not afford to pay it since they will need to put a deposit and first months rent for their next property. We have served the late notice, but nothing.
I know I should be looking at this through the lens of a business, but I also want to be as compassionate as possible.
Is it worth starting the eviction process now that we are in the middle of the month?
What other solutions are there?