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Carlos Garcia
  • Rental Property Investor
  • Orlando, FL
1
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11
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Non-paying month to month tenant advice

Carlos Garcia
  • Rental Property Investor
  • Orlando, FL
Posted
Hello everyone! I have a property rented in Miami, Fl and have a month to month tenant (no lease agreement) who is currently 6 days past due on rent and struggling every month to make to payments. This is a 2/2 apartment in a great area and rent is currently 900 a month. Rent has not been raised for about 3 years and I know we can easily get 1300 from this apartment. So now my question is what should I do in this case and what is the right way to do it. As of right now my plan is to sit down with the tenant and discuss the options he has which I see as the following: Option 1: Give him the “Pay or quit form” 3 days notice then proceed to eviction Option 2: pay for month due and move out at end of paid month Option 3: Pay for month due and continue paying at new rent of 1300 Option 4: Cash for keys? How much should I offer if at all Any other options, feedback or opinions would be greatly appreciated! P.S. this is my parents property which they inherited and became accidental landlords with, I know it’s been poorly managed and I’m taking over it and getting it all straightened out.

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Late to the game but option #1 should be your first option and should have been started the day after rent was due. Once you have issued the pay or quit you are then in a position to pursue any other options on your list.

Non paying tenants should always be issued the pay or quit notice the day after rent is due. Once you are legally protected you may choose to negotiate a solution. If rent is not paid as part of the negotiation you proceed with the eviction.

Obviously this tenant needs to go.

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