Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

299
Posts
126
Votes
Arnie Guida
  • Residential Landlord
  • Greenfield, WI
126
Votes |
299
Posts

Tenant Doesn't Have All The $ To Move In

Arnie Guida
  • Residential Landlord
  • Greenfield, WI
Posted
This is a first for me. They've signed the one year lease, given me the full security deposit, supposed to move in on the 1st, sends me a text that they're $70 short, ($620 rent) Won't have the rest til they get paid on the eighth. I'd like to cancel the whole shooting match, not let them in, find new tenant...landlord friends say let them move in, charge the late fee on the eighth. I thought the golden rule was never let them move in without the full month's rent. It's the way I've always done it. This is a standard state of Wisconsin lease from Wisconsin Legal Blank. Advice? Thank you, Arnie

Most Popular Reply

User Stats

93
Posts
56
Votes
Aaron Treloar
  • Vendor
  • Kalamazoo, MI
56
Votes |
93
Posts
Aaron Treloar
  • Vendor
  • Kalamazoo, MI
Replied

I just denied a move in today for not having the full amount.  Stick to your policy.  They are already on a negative paycheck-to-paycheck situation.  It rarely improves.

Loading replies...