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Updated almost 8 years ago,

User Stats

28
Posts
18
Votes
Edward Smith
  • Investor
  • Milwaukee, WI
18
Votes |
28
Posts

Taking on a bad tenant....Update

Edward Smith
  • Investor
  • Milwaukee, WI
Posted

So here is a quick update on the property that I purchased with a bad tenant. This happened today so it is fresh in my mind. I called him yesterday to confirm the meeting and the amount of rent that was due. So I drive there today 1hr drive... I let him know that I know about the issues he's had paying on time from the previous owner and that we are starting off fresh. I told him I'd b open to selling him the home and that since I'm a mortgage banker I could help him or point him in the right direction on getting financed. I told him we have 3 options(as I hear a dog bark that's not allowed). 1 He could walk away no hard feeling. 2 keep the current lease. 3 start a new lease with me. He said he really wanted to stay there because his kids are doing great in school and they like it there.....Then he handed me less than HALF THE RENT! He had a goofy cheesy embarrassed grin on his face and I was not smiling. He started talking about the issues that the home had and I said I would get them taken care of but if he knew yesterday that he didn't have the full amount and STILL had me drive there not good. Anyway I let him know that I would have to start the Eviction process and he said he would have all the rent by the 8th. So I didn't take the rent and I left. Whats next? 

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