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 about 8 years ago, 10/25/2016
My Very First Tenant, Disaster....
So I rented out my basement 2 weeks ago to my very first tenants ever. About a week in, the you know what, hit the air propulsion device. I have no idea what to do!
Backstory: December 1, 2015, I bought a fixer and started fixing. A couple weeks ago I FINALLY got the basement ready to rent. The plan was (is) to have the tenants pay 2/3 of my house expenses, so I don't have to worry too much about a day job and can focus on my next BRRRR.
I selected a nice family of four. The dad had a very good job doing construction work and the mom stayed home with the kids. About a week in, the dad left at midnight and didn't come back. The mom has since revealed to me that he has been unfaithful to her, and she is filing for divorce. :( They both signed the lease, and the man has said he will pay this months rent. I have no idea what will happen when the divorce goes through.
Help?
Michael