All Forum Posts by: Alison P.

All my tenants pay directly into a bank account that I set up just to collect rents. I then transfer the rents into my different LLCs and only keep $200 in that account. When they sign their leases, I give them a stack of deposit slips and I write their unit number on each slip so I know exactly who has paid when I bring it up online.  It has worked really well so far as my tenants are mostly low income and only seem to have cash (no bank accounts).  With them depositing cash into my account, I've never had to deal with a bounced check either or it "being lost in the mail".  My rentals are all in a small town and the bank is close for everyone, I understand that this may not be a suitable solution for landlords with multiple properties in different locations.

Thank you all for your advice, I knew this would come up when I became a landlord, I was just hoping I could get a little more experience under my belt before I was hit with something like this. Talk about in at the deep end.

Marcia, thank you for your detailed advice. I have been doing a lot of reading the past couple of days and have made an appointment to speak to a lawyer.  

Thanks again, I appreciate all your input.

Hello, I'm new to all of this and in April purchased a mobile home park that was full.  I grandfathered in all the tenants and they all signed my lease except for one odd exception.  The original tenant of one unit was in jail for 2nd degree assault when I closed on the park, but his girlfriend was living in the unit (he had been there since 2015 before being put in jail for 8 months).  I did all the paperwork with her and she signed the lease.  His name is on the lease but obviously he couldn't sign it and still hasn't.  The 1st 2 months I owned it, everything was great.  His girlfriend even paid me early both months. Then he got out of jail... In the last 2 months the rent has been late and at the weekend we had a big issue with him and his neighbor over parking.  We tried to solve the issue but he was pretty aggressive throughout, especially when I asked him about paying the rent.  They still haven't paid the rent for July even though I have sent a reminder and a late fee notice. He said he would pay on Monday but didn't and now they are not returning my texts.  I'm wondering if, because he didn't sign the lease, and it's on a month to month (because she mentioned they may be moving and didn't want to lock into a year contract), that I could just send them a notice to vacate.  Has anyone else had to deal with someone/something like this? I would appreciate any advice. Rentals are in Missouri.