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All Forum Posts by: Drayden Morgan

Drayden Morgan has started 6 posts and replied 19 times.

@Bob Prisco Thank you

@Greg H. The property is located in North Carolina. The way North Carolina’s eviction process is set up you post a notice to quit the day after rent is considered late. Then you must wait 10 days before you file for an eviction. From that point it takes about 14 days before you show to court and as long as they pay before the court date they can stay in the house.

So I’m charging a late fee and also posting notice to quit but I can’t get the tenant to pay on time.

@Michael Noto I will look into that, thank you.

@Eric C. Thanks for the suggestions. I currently am charming a late fee, I’ve even posted a notice to pay or quit the day after rent was late but in the state of North Carolina where the property is located the tenant has another 10 day window after the notice has be posted before I can even file for an eviction. I guess I just picked a bad tenant and should tighten my screening criteria for next time.

I am a first time landlord and I am already having problems with my tenant paying late. She usually pays 2-3 weeks after rent is do. It’s not long enough to get through an eviction process I’ve tried but still a pain and confidence killer. I don’t plan on renewing her lease I was wondering would it be normal to keep the security deposit for a tenant that always pays late? And also what can I do to get her to pay on time?

@Steve DellaPelle thanks Steve, I’m new to this game and want all advice

I want my new tenant to sign the lease and make her deposit next week but she want be moving in until April. If she backs out before the predetermined date do I make her responsible for rent fee, or just keep her security deposit? Technically that is breaking the lease even though she didn’t move in right?

Post: Subject to or lease option

Drayden MorganPosted
  • NC
  • Posts 19
  • Votes 9
I have a property that is a month away from auction date of sale. They only have about $4,000 in equity in the house. Should I make a subject to offer or lease option?
Can someone help me understand how do you make money from a subject to deal if the mortgage is already the same amount as the areas rental rates?