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Updated about 2 years ago on . Most recent reply

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Anthony Flores
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PM unable to collect rent

Anthony Flores
Posted

I have a PM who is unable to collect rent from the tenant. For last 6 months the rent has been delayed by a minimum of 7 days. When I ask my PM all he tells me is that he has communicated to tenant but they are not responding. When I asked him to give notice of eviction to them he says he has done it but they are not leaving. When I ask him about what options do I have all he told me was there is not much we can do. Im not really sure if that is how a good PM operates. Has any one been in a situation where a PM is unable to handle tenants properly? What should I do in this case?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,653
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

so the rent is late habitually each month but it is being paid each month correct? just a few days late ?

So whats the rush to evict? its going to cost you thousands by the time you do the eviction loss of rent  fix up costs etc.

all because the rent is a few days late ???  I dont really get that .  If you dont like the tenant just wait till they leave on their own at lease renewal or whatever.

I know i am contrarian view point but to me its stepping over dollars to pick up pennies .. kind of like when section 8 tenants wont pay their 50 dollar co pay and owners freak out and want to evict over it. 

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JLH Capital Partners

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