Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 almost 5 years ago,

User Stats

431
Posts
139
Votes
Cory Lucas
Pro Member
  • Rental Property Investor
  • Brighton, IL
139
Votes |
431
Posts

Hey BP, need your sage advice please!?!

Cory Lucas
Pro Member
  • Rental Property Investor
  • Brighton, IL
Posted

Purchased my first duplex on March 2 and it came with tenants currently occupying both sides. I currently have been able to get a lease signed with one of my tenants and rent collected for March with them.

The other tenant I’ve talked to via Facebook messenger multiple times, previous owner said that was the best way to get in touch with him, which I’m not thrilled about that as a communication tool, but I’m navigating that avenue as best I can with him.

I’ve tried to set up times to get together and go over the lease and collect his rent. I feel (and I’m pretty sure I am) getting the runaround in regards to him signing the lease and paying rent. Per his previous lease, late payments do not kick in until day 10 of being overdue.

I should probably preface with I’m not freaking out or anything and I’m perfectly ok with this being a hiccup. I certainly wasn’t planning on posting something like this and asking questions like this so soon, but it is what it is and now I just need to figure out how to best handle it most effectively!

My question to you all without dragging this out much more is, what do you feel my best course of action is?

I have a five day notice from my lawyer that I can use.

Do I just try and stop by and catch him at home? To try and find out what is going on and why he is reluctant to sign and pay? But I’m unsure of tenant rights on that one and just stopping by?

Or do I just serve him the five day notice and if he continues to not pay offer him $200 (his security deposit) to just get out of there?

Or do you all have other better thoughts?

Thanks in advance for the time and replies! Look forward to hearing from you all

  • Cory Lucas
  • Loading replies...