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Updated 6 months ago on . Most recent reply
Best way to set up a payment plan for a tenant who owes money
Hello all! I had a previous tenant reach out to discuss a payment plan to reimburse the company for the amount she owes (she broke a lease and owed $$ on top of that). I could hire my real estate attorney but he'll charge me hourly to set it up and I'm not confident this previous will pay anything. Then I'm out more $$. Any best practices on collecting past due amounts? We have a judgement against the tenant in county court.
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Adam Bartomeo
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I would type up a payment plan (it depends on how much she owes) have all parties sign and record it with the courts. It should be fairly simple.
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Bartomeo Property Management
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