What to do if they don’t pay

[Christopher Bell]

What do you do if a tenant who hasn’t moved in yet and they haven’t paid the security deposit or rent yet? Do you have to turn over keys?

[Kyle J.]

I collect all money owed (first month’s rent, security deposit, etc) at the lease signing. If they don’t pay it then, we don’t sign the lease, and they don’t get the keys. In fact, I won’t even consider the property rented or stop advertising it for rent until that’s been done.