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Updated almost 8 years ago on . Most recent reply

User Stats

10
Posts
11
Votes
Blair Wilson
  • Investor
  • Anchorage, AK
11
Votes |
10
Posts

Recently Purchased First Duplex, Tenant Does not Pay Rent

Blair Wilson
  • Investor
  • Anchorage, AK
Posted

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? 

  • Blair Wilson
  • Most Popular Reply

    User Stats

    290
    Posts
    185
    Votes
    Dick Stevens
    • Rental Property Investor
    • Haverhill, MA
    185
    Votes |
    290
    Posts
    Dick Stevens
    • Rental Property Investor
    • Haverhill, MA
    Replied

    Start the eviction process now.  Just because their lease is up doesn't mean they plan on leaving.

    Loading replies...