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Updated almost 9 years ago on . Most recent reply
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Inherited Tenant won't communicate, need help!
Hi, I bought a property last week and inherited a single woman in her early 20s, she's renting a 1 bedroom apartment for only $375, market rent is $475-500. I'm stuck with her right now as she signed a 1 year lease April 1st. Anyway, I have been trying to reach out to her in regards to how she plans on paying rent and she needs to know who and where to send it, she was paying the previous owner via ACH and I would rather just get a check or cash. The tenant won't answer phone calls, her door, and I texted her last night and asking if this was the tenant and she said yes, who is this? I told her who I was and no reply back. Should I send her a formal letter introducing myself and explaining how rent needs to be paid from now on?
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Hi Samantha, I'd encourage you to reconsider requiring cash/check. The trend for landlords is moving to ACH and automated payments. Younger people don't write checks and don't use cash. Every time they have to go to the bank to get a wad of 20s to pay rent, or have to order checks to accommodate your policies, it vividly reminds them how expensive rent is every month and the moment they get wind of a better or cheaper place they are gone. Setting up to receive ACH from tenants these days is so easy for private landlords, it's something you really should consider considering. =)