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 about 7 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Carlos Garcia
  • Rental Property Investor
  • Orlando, FL
1
Votes |
11
Posts

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.

Most Popular Reply

User Stats

13,926
Posts
12,725
Votes
Replied

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.

Loading replies...