Owed 8k and tenants won’t leave!
I am trying to help a friend who is a landlord.
My friend is owed 8k in rents, his tenants always pay late, pay half, or don’t pay at all. They’re very behind and over the last two years he is owed around 8k. They are on a month to month lease and he wants to sell and get them out. What should he do? With all this covid 19 going on right now he can’t evict them, so he kind of wants to offer money for them to leave. How much do you think he should offer?
At the same time he doesn’t want to offer money and wants to scare them and say when this covid 19 passes he will evict them and then sue them for what he is owed.
His and goal is to get the house on the market and sold. Any advice would be greatly appreciated:)
Most Popular Reply
- Real Estate Broker
- Cody, WY
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Cut off all communication with the tenant, hire an attorney that specializes in evictions (if possible) and evict as quickly as the law allows. Your friend will pay for the attorney and probably not collect a dime from the tenants but at least they can stop the bleeding.
This is why I highly recommend people consider hiring a property manager. A decent PM would cost a lot less than this $8,000 and you friend wouldn't have all the work and stress involved.
- Nathan Gesner
