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Updated 9 months ago,
Need Some Help/Advice - Tenant in Place and Not Paying
Hi BP!
One of the rentals that I own in Memphis, TN that I bought in early January had a Section 8 tenant already in place, the deal looked good on paper, but I forgot to ask for the rent ledger. It turns out that the tenant had not paid the rent in November and December (and ultimately January too), because the previous owner allowed the home to fail 2 section 8 inspections before I purchased the property. Now the tenant will not leave, and we have started the eviction process.
This is a clear (and costly) learning experience for me, but does anyone have suggestions about what I can do to fix this situation? My property manager told me that we pretty much can't do anything for the next 60-90 days. I was wondering if anyone has had an experience like this and can offer some guidance.