Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
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 about 11 years ago on . Most recent reply

User Stats

242
Posts
61
Votes
John K.
  • Investor
  • Madison, WI
61
Votes |
242
Posts

Tenant keeps overpaying by $2

John K.
  • Investor
  • Madison, WI
Posted

This one is a puzzler. So I have a tenant who is overpaying by $2/month. The tenant receives a weird amount (for round numbers for this example), lets say 101 dollars from housing assistance, and then also mails a check for 101 when the rent is 200, so a over payment of $2.

A few months back I sent a letter explaining the over payment, and that tenants should apply a $2 credit towards the next payment, and then I showed the math for the correct amount.

At this point, the tenant has about a $6 balance after months of over payments. Should I just wait until the tenant moves out at this point and add it to the security deposit when it is returned as a "Credit for over payment of rent"?

Most Popular Reply

User Stats

866
Posts
487
Votes
Duncan Taylor
  • Real Estate Investor
487
Votes |
866
Posts
Duncan Taylor
  • Real Estate Investor
Replied

@Darren Sager

So, instead of learning how to correctly and legally handle an overpayment from a tenant you want to charge the tenant, magically, the amount of the overpayment to tell them they overpaid.

That is disgusting.

Loading replies...