There wasn't a firm decision that he made at that point in time, hence things were undecided and unsettled. and not at any point in time, Tenant sent a written letter of move out intent/notice until recently, mid-August '24, when I got the first written "move out notice" from him via "email" that he ll vacate the house on Sept 01 and that the payment will be left on the counter.

I served my tenant a notice to quit and she is very upset and sent me a nasty text said I humiliated her in front of her kids and neighbors…. 

The drawback would be if you only make minimum payments, the balance will never decrease.

While this is likely not true for Wellings, I see many, many formerly equity syndicators that seem to have deals going sideways from 2021/2022, now all of a sudden being "private credit" syndicators (I have noticed a lot of these pref equity funds/investments are calling themselves private credit, which clearly has a broader meaning).  

You can give them notice and get them out.

I have had this issue as well - in fact rent went up by $114 with no notice on there ledger...no late payments or anything....I had to switch payment options to cover the new ledger number.

I have received notice of them filing Bankruptcy Chapter 7. 

You will have to post notices and follow the path of eviction for not following the rules.

Hey everyone,I’ve noticed that a lot of investors, especially those starting out, often face challenges when it comes to the earnest money deposit (EMD) required for property deals.

Towns like Morrison can change so quickly without people noticing.