Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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

65
Posts
17
Votes
Benjamin Allen
  • Rental Property Investor
  • Geneva, NY
17
Votes |
65
Posts

Inherited Tenants paying the Security Deposit

Benjamin Allen
  • Rental Property Investor
  • Geneva, NY
Posted

Hi BP, I closed on a duplex this past late June, I think I hit a home run, however I inherited two tenants as I have done basically for all my properties I have obtained in less than 2 years. One of these units needed and still need to pay for the security deposit, any ideas on how I should communicate with these situations and the passive aggressive comments made via text from tenants. Thank you in advance for any advice i really appreciate it.

Most Popular Reply

User Stats

173
Posts
85
Votes
Ryan Canfield
  • Real Estate Agent
  • Chicago, IL
85
Votes |
173
Posts
Ryan Canfield
  • Real Estate Agent
  • Chicago, IL
Replied

@Benjamin Allen  Hi Benjamin,  I agree, keeping a roof over their children's heads should be high on the priority list, thus providing the landlord with the money rent.  I have only had to deal with rent being late 1 time and I received the rent + the late fee on the agreed upon date.  I never received rent late again, I even received it early on another occasion because the tenant told me he had something come up in his life.
I would give them to the agreed upon time later today to pay the rent + the late fee.  If not, in my opinion you should serve them a 3 or 5 day notice and move forward with the eviction process.  I would guess to say that if the tenant is having trouble providing rent on-time they are not going to be able to provide you with a security deposit.  The last thing you want is to have this become a regular occurrence and a monthly headache/added stress for you.  If you do want to keep the tenant, maybe by you demonstrating to this tenant that you are serious will be the wake-up call that this tenant needs to know that you are messing around and you will pursue eviction if needed.

Loading replies...