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 almost 8 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Brandon Magierowski
  • Investor
  • Shreveport, LA
3
Votes |
10
Posts

Short on Rent Payment

Brandon Magierowski
  • Investor
  • Shreveport, LA
Posted

Hi everyone, currently own a 3-plex unit in Shreveport, La -- I am self-managing the property (my first one). My tenant is late on a payment and currently owes $700 rent + late fees for a total of $775. Today is the final day to pay before I file an eviction. The tenant contacted me and said she only has $600 to pay rent this month. 

Do I accept the $600 and carry the $175 balance into next month's rent? Has anyone had experience dealing with this? I do have a $700 deposit held on their account. 

Any advice would be much appreciated...thank you in advance.

Most Popular Reply

User Stats

2,667
Posts
1,760
Votes
Deanna McCormick
  • Minneapolis, MN
1,760
Votes |
2,667
Posts
Deanna McCormick
  • Minneapolis, MN
Replied

If she could pay by money order or cashiers check, personally I'd take the money, carry over the balance and I'd make sure any late fee are within your state landlord tenant law regulations, you can google your state landlord tenant laws to make sure on that.

If she's been a pretty regular payer then work with her.. let her catch up 

Loading replies...