Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 6 months ago,

User Stats

15
Posts
3
Votes

Tenant with Late Rent Payment Twice within 4 Months!

Posted

I just bought my first investment property, a SFH in January. My tenants moved in March 6, 2024. I require that my tenants sign up for automatic rent payment through Rentredi in order to lease from me. It is stated in the lease that rent is due on the 1st and they must agree to automatic payment withdrawals. The next month in April, I saw that the boyfriend disconnected his bank account from the automatic payments from the Rentredi app (He is the primary he has a 700 credit score, girlfriend has a high 500's)

The rent was not paid on April 1st due date. I contacted him and his girlfriend on the 2nd and told them rent is late and it was not automatically deducted from their account per lease agreement.  They stated they were having relationship issues.  I told them they have to turn in the rent that day and if they don’t pay by the grace period of the 5th, there will be a $50 late fee and $5 for each day late.   I received payment later that evening, which was a relief, but definitely rubbed me the wrong way.

May & June paid on time by automatic payment withdrawal.  GREAT!

Here it is July 3rd no payment of rent again on 1st,, and his account once again is disconnected from the app.  I sent out a text to both, no response.  However, whenever any issue came up anbout the home, I addressed it immediately.  Any suggestions on how to move forward?  I thought my tenant screening was air tight, but apparently not.  Beyond frustrated…

Loading replies...