Originally posted by Joshua Dorkin:
Run your business like a business. If a tenant can't pay, then they must go. Don't take pity, don't be emotional . . . doing this will result in greater losses and more problems for you. You need thick skin to be a landlord.
AMEN to that. As if we don't have enough to worry about with the recent rains...I get a call this morning from a former tenant who I haven't heard from in over a month...(let me give you all a little background here.) This young couple rented from us for almost 2 years. They would occasionally be late with rent, but not too late, and I would always tell them to call us and let us know. Well, of course they took advantage of that, and rent got later, and we got no phone calls to speak of. Finally , quite a few months ago, I laid down the law...pay on time, or get out. That resulted in several months of timely payments. Then, the inevitable happened...the young couple decided to split up, with a month and a half left on their lease. Soooo, the girl told me that her "half" of the rent would be late, and she's not sure when the guy was sending his "half"...UMMM, I don't think so! I told her I need payment in full, or he/she/they/whoever was still living there needs to go. The apartment got vacated, I'm out a month and a half's rent according to their lease, and when we got into the vacant apartment, it REEKED of cigarette smoke! (we are VERY clear in our lease that smoking in the apt. is a deal breaker.)...AND we couldn't start the work we wanted to do, as the power was shut off due to the tenant's non payment. ...Well, this phone call today (mind you, this girl would never want to call us back to face a situation and deal with ANYTHING)....is the girl, WONDERING WHERE HER SECURITY DEPOSIT IS!!! I almost swallowed my tongue. I actually had to explain why it's not being returned, and some how, some way, she said that she thought from the last time I talked to her, if she got out of the apt. right away, that it would be returned to her...Yeah, right. As if things couldnt get any weirder, her MOM is in the background, wondering why as well, so she gets on the phone. (last time I checked, her mom wasn't mentioned in the lease.) Of course, mom had no clue that rent wasn't received, phone calls, emails , and letters went unanswered, that the place reeks like smoke, and that the electric was shut off (the "not my kid" syndrome). Then, with mom acting the age of daughter , seemingly, she's trying to blatantly convince me that no one smoked in there. Whatever. And, of course, I'm supposed to know if husband and wife are communicating with one another about the situation, who's taking care of (or not taking care of )what, etc.
Thanks for letting me vent about the nerve of some people.