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 over 6 years ago on . Most recent reply

User Stats

1,901
Posts
2,548
Votes
Matt M.
  • Specialist
  • Easton, PA
2,548
Votes |
1,901
Posts

Keep or evict chronically late tenant ?

Matt M.
  • Specialist
  • Easton, PA
Posted
Hey BP, So I have a tenant in a SF property, since April 2017. Chronically late, normally gets caught up, and takes pretty good care of the property. I’ve finally had enough, and filed an eviction. Hearing was this morning. Owes me about 2 mos rent, he has 10 days to now either come up with all the $ or a plan that I agree to. He makes good $, it just appears as if “something” always comes up... my question is.. if he doesn’t come up with all the money, do I just file for possession and be done with him or give him one more chance?

Most Popular Reply

User Stats

107
Posts
65
Votes
Bryan Scott
  • Investor
  • Castle Rock, CO
65
Votes |
107
Posts
Bryan Scott
  • Investor
  • Castle Rock, CO
Replied

Taking a quote from your post, "Hey BP, So I have a tenant in a SF property, since April 2017. Chronically late, normally gets caught up, and takes pretty good care of the property."

This is a pretty good step in the correct direction.  Having been a landlord for 20+ years, this is a good start.  Paying late, but paying, is a nail-biting relationship for sure.  Rather than giving this tenant the final boot, which undoubtedly will cost you (and him) an expensive turnover, why not ask him what he thinks would solve the problem?  In the past, I have adjusted the due date, set up 1099 type tenants on a quarterly payment schedule, requested (and received) 2-3 months rent in advance, sold the property via lease/option, etc.

I get that the norm is rent due by the 1st, late fee accrues on the 6th, but this tenant's situation apparently doesn't fall into the normal category, so ask the question, then evaluate whether you can live with (and accommodate) the answer.

Good luck!

Loading replies...