General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago,
to sue or not to sue???
I have a tenant who is vacating by October 1 they are VERY behind on rent. I know I will get lot of the "should have acted sooner" advice but Iwas kind of hoping to hold onto this tenant.
Anyway. All rent was paid on time till June 1 then it looks like this...
Charges | Payments | ||
6/1/2014 | June Rent | 700 | |
6/1/2014 | Water - Due June 1 | 60.01 | |
6/5/2014 | Late Fee - June Rent | 50 | |
6/15/2014 | Partial payment | 300 | |
7/1/2014 | Rent Due | 700 | |
Water - Due July 1 | 63.73 | ||
7/5/2014 | Late Fee - July Rent | 50 | |
7/12/2014 | Partial payment | 500 | |
7/21/2014 | Partial payment | 400 | |
8/1/2014 | August Rent | 700 | |
Water - Due August 1 | 54.82 | ||
7/5/2014 | Late fee – July | 50 | |
8/15/2014 | Payment | 400 | |
8/22/2014 | payment | 300 | |
Water used in July - Due Sept 1 | 83.99 | ||
9/1/2014 | Sept Rent | 700 | |
9/2/2014 | Payment | 200 | |
Water used in August - Estimated | 62.98 | ||
9/5/2014 | Late Payment Fee September | 50 | |
Current Balance Owed | 1225.53 |
As you can see the tenant has done well stringing me along then paying enough to make me feel like I'll eventually get all my money from them.
in addition to the amount show above I will need to add water charges in the approximate amount of $65 once the utility co bills them.
I also have a $700 security deposit which I plan to charge $100 for a 3am service call when they flooded the unit, then apply the remaining deposit to what they owe (assuming there is no damage to the unit).
So after retaining the sec. deposit they will owe me $690.53 +/-
Should I go to the magistrate today? Would you wait until the weekend when they will allegedly have some $$ for me?