Exict or Not to exict that is the question.

[Matthew Purvis]

Hello BP,

I purchased a commercial multi-family in December. Unit 1 is a Market/Deli, unit 2 is a STR/ MTR, and unit 3 is a LTR.

Mortgage is $2400.

Unit 1 rent: $1850+++

Unit 2 MTR rent: $2400 All included

Unit 3 LTR rent: $1800+++

Unit 1 tenants are great!

Unit 2 is a traveling nurse

Unit 3 has a Lease that won’t allow me to break the contract and kick the tenants out. Lease is up in October. I want these tenants out bad. Lawyer says I can’t do much. The lease has three tenants on it. One tenant left but the other two said they would pay the full $1800. One month in they have only paid $1250 on the $1800. It is February 1st and no rent paid yet. The contract says they have until the 10th to pay before a late fee. The state law considered rent late on the 15th. I thought of offering them cash for keys because I really don’t think trying to evict them is going to work (at least that the confidence of my lawyer). My second thought is to have the sheriff serve them anyways for late and unpaid rent, to let them know I mean business. The serving from the sheriff cost $120 and try the evict process which is going to be a minimum of $3500 paid to the lawyer. My last option, I don’t serve them, I talk to them and amend the lease for them to pay a lower amount like $1500 but make sure they know I am not renewing the lease in October and the need to be moved out by October 31 at 11:59pm.

Plus these tenants are little pricks.

I'm trying to look at this situation as I can survive until October and have the property settled in for the long haul of STR and MTR rentals.

I know this was a lot of info but any advise would be appreciated it.

Thank you,

Matt