Keep a late tenant around during a bad market?

[Freeman Schultz]

During a bad market where vacancies care up and it is harder to find tenants, is it worth keeping a tenant who is late with the the rent and requires threats of evictions or is it best just carry over the vacancy assuming you have the resources to do so when the market gets better?

[Dana Dunford]

@John D.- Looming recession :)?

@Freeman Schultz- You'll get different answers for this, but I always want my tenants to pay on-time, every time. If they start going late ... then (statistically) they're just going to keep getting behind on payments (and soon not pay them at all). I'd rather move-in a better tenant who pays on the first, even if it's at a slightly lower rate. It's not worth the headache to continuously follow up with tenants.