General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 12 years ago,
Start eviction or wait?
One of my tenants stopped paying recently. My PM suggested that we not start the eviction process right away, because he might get himself current and eviction can be expensive.
Well, you all know how that worked out. He didn't pay the following month either, and we had to evict anyway. I basically lost a month.
I know there's probably a little gray area, but is it ever right to ride it out a little, or do you always just proceed under the assumption that you won't get paid?
Thanks.