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Updated almost 6 years ago on . Most recent reply

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117
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13
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Payman A.
  • Los Angeles, CA
13
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117
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Tenant debt and about to sell property

Payman A.
  • Los Angeles, CA
Posted

Hi everyone, so selling a quad in Louisiana and set to close on Jan 4th, however, I have 3 tenants that have been behind and despite months of asking my manager to process evictions if they did not catch up, I now have over $2K in tenant balances (with $595 & $575 rents by the way), which will likely be around $3K with Dec rents and by the time I sell.  1 of the tenants has a lease with current manager that started around Aug...other 2 had leases with previous managers and are now effectively on month-to-month and being managed by current manager who "will not file eviction in order to avoid losing sale".  Any ideas on possible/feasible recourse against tenants either before or after the sale?  Thank you, Payman

Most Popular Reply

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13,365
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19,402
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,402
Votes |
13,365
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

First...fire your PM, but that should be obvious.

Second, learn how to file foreclosures and then, maybe file them?

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