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Updated 6 months ago on . Most recent reply

User Stats

510
Posts
322
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Ben Scott
  • Property Manager
  • Oklahoma City, OK
322
Votes |
510
Posts

Best way to set up a payment plan for a tenant who owes money

Ben Scott
  • Property Manager
  • Oklahoma City, OK
Posted

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.

  • Ben Scott
  • Most Popular Reply

    User Stats

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    Adam Bartomeo
    • Real Estate Broker
    • Cape Coral, FL
    1,049
    Votes |
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    Adam Bartomeo
    • Real Estate Broker
    • Cape Coral, FL
    Replied

    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
    4.7 stars
    97 Reviews

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