Unpaid rent; sold property

Unpaid rent; sold property

Investor · Palm Harbor, FL · Member since 2015 · 64 posts · 4 votes

Thanks in advance for any help or insight anyone can provide!

Basically I owned a triplex that I sold last month

I was unable to collect rent from one of the tenants for the last full month of rent

He keeps giving me the run around as if he is going to pay it, but he has already paid the new landlord for the new rental month

What options do I have:

Collection agency?

Small claims court?

It is for $1025

I am not hurting for the money, however I would mainly like to leave a mark on his credit score and also not let him get away with this for the mere principal of the matter

Also, would I only need to show a copy of the lease to support my side? I never went ahead and sent him a failure to pay rent notice, bc he was always quite late the last few months I had the property, yet always ended up coming through so figured he would again.

Thanks,

Mark

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  • Investor · Chicago, IL · Member since 2016 · 1k+ posts · 930 votes
    7y

    I believe once you sold the property you surrender all interests in the property. Should have included the missing rent in the purchase price. You are no longer the leaseholder, so there's no way you would win a court case now.

  • Rental Property Investor · Erie, PA · Member since 2018 · 6k+ posts · 9k+ votes
    7y

    It’s over bro , the deal is done so move on

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