General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply

Recently Purchased First Duplex, Tenant Does not Pay Rent
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?
Most Popular Reply

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