General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago, 04/22/2013
Attempt to Collect before Sheriff Lockout?
Hi I just went through a stressful 4 month eviction lawsuit over a sub-lessor who was not paying rent.
We're a couple days away from the Sheriff finally coming to lock them out...what a relief.
Anyways I was wondering if it would make sense to meet them before and give them a letter stating how much back rent was owed and something on the lines of "if the back rent is not paid eventually then your credit will adversely be effected"
I don't actually think they will pay now, but possibly settle the debt owed in the future.
They claim that they will meet me before the sheriff comes to return the keys and move out.
I was thinking of delivering this letter to themat this time.
Then I would attempt to settle for about 30%-50% of the past due rent owed. If they do not I'll report them to credit agencies and eviction databases
I feel like it would be a good idea because once they leave, it will be unlikely I'll see them again.
(The reason for concern for giving them this letter is that I don't want this attempt to collect past rent to appear as us allowing them to stay and pay future rent. I suppose it will )