Recently Purchased First Duplex, Tenant Does not Pay Rent

[Blair Wilson]

Hello BP,

I closed on my first duplex on March 31st. Rent from both tenants is due on the first of each month and late fees start after the 5th according to leases I inherited. One of the tenants has not paid this months rent yet; however, their lease is up at the end of the month. I already gave the tenant the 30 day notice that we will not be renewing their lease. Do I just let it go and keep the security deposit or is there any other action I can take to collect this months rent? 

Does anyone have advice on how to handle this situation?