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Updated almost 13 years ago, 12/03/2011

User Stats

21
Posts
4
Votes
Jerry Rode
  • Real Estate Investor
  • Indiana
4
Votes |
21
Posts

Worst part of Landlording - Evicting in December

Jerry Rode
  • Real Estate Investor
  • Indiana
Posted

/start rant

Just venting more than anything. Decent renters, took care of the house for 6 months, but over the past 3 have gotten into a downward spiral of late rent. October was late by 15 days, which was the first late payment. I agreed as long as a daily late fee was also paid.

November was paid on time, but only after I found out that they borrowed (of course because the ATM hit the daily limit) from their boss to cover the rest of the month.

December has been multiple excuses and they finally gave in today that they wouldn't have the necessary rent by the 5th, which is when I post the notice to quit. Told them it would be best to move out peacefully and leave the house in the condition they found it and I'd 'forget' about the remainder of the contracted rent and not push through eviction. After all that, so far peacefully, they tell me that they found a co-signer for a small loan and *may* have rent in time for the 5th. Talk about people fooling themselves.

At least they are grown adults (making nearly $95k in household income) with no kids at home. This is definitely a spending problem and not an income problem. And right befor the holidays too....

/end rant.

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