@Rich N. I have this property under an LLC, but it is a single member entity. I think it is disregard and I can represent myself in court. The reason I consider the lawyer earlier, because the tediousness between attending court/work as Ned mentioned earlier.
On my 1-year lease, I did mention as collecting rent on the 1st of the month on paper, but I told her I would collect weekly as optional for her (cheaper to get into the unit). She was fine initially, and I told her that she can convert to monthly anytime. I think she just struggles financially (problem managing her money). She is a young professional with a bachelor, and make decent money ... Her lifestyle is too expensive.
For the deposit, I collected 2-week and cleaning deposit, in which I put in a saving business account (untouched). I don't know if the cleaning deposit is considered "security deposit). I don't think I stated "security deposit" like that that. I just stated "cleaning deposit".
@Rob Beland Rob, depending on how it goes down, I might need your help. I think I might pursue this option:
" Say nothing until after she leave in this week or two, then if you did the proper thing with the sec dep, then if you want to take on a challenge, deduct the cost of removing the wallpaper or her terminating out of the lease from the sec dep. But you better be right. ".
You can run all the paperwork, and I just show up in court with you. It would be a good experience for me - maybe. I think she might be smart enough to keep paying until she moved out - will see after Mon.
@Mike Hurney Mike, I did try to screen well, but you can never be 100% sure. I think the Mass Tenant/Landlord Law document seems generic, and too high level. You are correct that I did not spend as much as I did in my profession/degree. The shift will begin at some point when my cash flow is comparable. At the moment, I am only sustaining my real estate. You also correct that I have been so lucky so far in the past two years as I don't have much issue with the tenants (knock on wood) :). This allows me to gain confident and experience slowly as a landlord. The drawback is I don't learn much when there is no issue (I don't want to seek them though). I try to lean my process from time to time, but not as much as I want to. I also don't streamline a lot of the work - by choice.
@Victoria Avery Yea, the restraint order comment is great. Why do you know so much about it ;) ?