Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Managing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Anthony Flores
0
Votes |
3
Posts

PM unable to collect rent

Anthony Flores
Posted

I have a PM who is unable to collect rent from the tenant. For last 6 months the rent has been delayed by a minimum of 7 days. When I ask my PM all he tells me is that he has communicated to tenant but they are not responding. When I asked him to give notice of eviction to them he says he has done it but they are not leaving. When I ask him about what options do I have all he told me was there is not much we can do. Im not really sure if that is how a good PM operates. Has any one been in a situation where a PM is unable to handle tenants properly? What should I do in this case?

Most Popular Reply

User Stats

44,059
Posts
65,107
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
65,107
Votes |
44,059
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied

so the rent is late habitually each month but it is being paid each month correct? just a few days late ?

So whats the rush to evict? its going to cost you thousands by the time you do the eviction loss of rent  fix up costs etc.

all because the rent is a few days late ???  I dont really get that .  If you dont like the tenant just wait till they leave on their own at lease renewal or whatever.

I know i am contrarian view point but to me its stepping over dollars to pick up pennies .. kind of like when section 8 tenants wont pay their 50 dollar co pay and owners freak out and want to evict over it. 

business profile image
JLH Capital Partners

Loading replies...