Month to Month

[Christopher R.]

Hi! I finally bought my first triplex. I have Bigger Pockets to thank for my REI education. Now, I'm in my property management education phase.

It seems one of my tenants is always late with her payments. She does end up paying the late fees. And in the end, she also does end up paying the whole month's rent eventually. She has been a tenant since 2012 and she is currently month to month.

I'm still trying to decide what to do with her but if I wanted to call it quits with her, do I actually need to evict her or can I just give her a 30 day notice?

[Steve Vaughan]

I had a pretty good tenant that would be late by a few days about every other month.  Her late fee was pretty substantial  @ 10% of rent,  $70.  I told her she could earn her late fee back if she paid on-time and in full for the next three consecutive months.  She did, got in the habit of getting it in on time, and hasn't been late again.  24 months later she is still grateful to boot!