Tenant changed jobs and don’t know if she can pay rent now

Tenant changed jobs and don’t know if she can pay rent now

Investor · Huntingtown, MD · Member since 2014 · 21 posts · 3 votes

I found out about a month ago my tenant got a new job. She said she was let go due to her being out too much due to health issues in October 2019. She started to pay rent late every month around that time. If she does not make enough to pay rent, is that process easier than a normal eviction compared to a tenant not paying? I get all these empty promises about when she’ll pay. She is she has payed 95% of January only. Any ideas/thoughts? Thanks.

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Mike CumbieBusiness Member
REALTOR® · Brockport, NY · Member since 2015 · 3k+ posts · 4k+ votes
6y

I would recommend just following your local regulations on a pay or quit notice. You can also have a conversation with her offering her the option of leaving on her own. Giving her the option of realizing she cannot afford this place allows for her to retain dignity. 

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  • Mike CumbieBusiness Member
    REALTOR® · Brockport, NY · Member since 2015 · 3k+ posts · 4k+ votes
    6y

    I would recommend just following your local regulations on a pay or quit notice. You can also have a conversation with her offering her the option of leaving on her own. Giving her the option of realizing she cannot afford this place allows for her to retain dignity. 

  • Investor · Jasper GA · Member since 2015 · 1k+ posts · 1k+ votes
    6y

    You need to have a frank discussion with her about how an eviction will affect her ability to obtain a nice home in the future will moving on her own will not.  Your first loss is your least lost.  Get a paying tenant in the property asap.

  • Rental Property Investor · Villa Rica, GA · Member since 2014 · 220 posts · 360 votes
    6y

    @Zantiago Zurita I think you have to have systems and just follow it. For example if rent is due and late on 5th charge her the late fee. If your eviction process starts on the 8th then start the eviction process on the 8th. I would treat every tenant and every month the same. But I think @Bob B. is right about having a conversation and letting her make the choice to move on before it impacts her future. I would have that conversation and let her know the process you will be following. Put the unit on the market for rent to reduce vacancy cost. Good luck!

  • Investor · Huntingtown, MD · Member since 2014 · 21 posts · 3 votes
    6y

    @Mike Cumbie thanks. I’ll try that.

  • Investor · Huntingtown, MD · Member since 2014 · 21 posts · 3 votes
    6y

    @Bob B. Thanks. I’ll try that.

  • Investor · Huntingtown, MD · Member since 2014 · 21 posts · 3 votes
    6y

    @Byron Scott. Thanks. She pays the late fee every month without a fight. This is the third tenant I’ve had in my rental and this is the first one that has paid late. This is also the first time I did all the work to get a renter (background and writing a contract) lesson learned...I think I’m going to pay a real estate person next time. I didn’t realize how much time those to items took. With all that being said, know looking back I don’t think my contract details the process of getting rid of a tenant. Thanks again.

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