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Updated about 3 years ago on . Most recent reply

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Cory Lucas
  • Rental Property Investor
  • Brighton, IL
139
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431
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Tenant just moved in already making request?

Cory Lucas
  • Rental Property Investor
  • Brighton, IL
Posted

I just got a tenant moved into a new property that I recently acquired and he was due to pay a prorated amount for February and instead paid double. I brought this to his attention via email, asked if he would like it applied to March or if he needed something else done with it and this was his response…

“Cory-I am going to pay $375 twice a mth if that will work. Just apply the $375 towards March and I will pay another $375 3/18 to complete March”

This was never talked about during lease signing and we have it that rent is to be paid in full on the 1st. I’m wondering what more experienced property owners would do in this situation to avoid any negative feelings and try to take their situation into consideration, But avoid the pitfall of them training/getting their way with me right off the bat?

My thought was to respond and say that we will apply it towards March, if he wants to go to a biweekly payment we would need to addend the lease, otherwise rent is due in full on the first. Thoughts? I don’t mind doing biweekly if that’s what he wants, considering that would be another full months worth of rent by years end, but I think he’s just wanting to pay in the middle of the month as well as the first 

Thanks in advance for the feedback

  • Cory Lucas
  • Most Popular Reply

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    Natalie Kolodij
    • Tax Strategist| National Tax Educator| Accepting New Clients
    4,432
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    Natalie Kolodij
    • Tax Strategist| National Tax Educator| Accepting New Clients
    ModeratorReplied
    Nope- Rent is due when it's due. 

    Taking partial payment can cause issues if you ever need to evict. 
    business profile image
    Kolodij Tax & Consulting

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