
1 September 2011 | 5 replies
David your area might work differently than mine in Georgia.Here we give a demand letter for rent and notice to vacate.We can either mail or tack it on the door.Then after that notice and the tenant doesn't pay I can go to the court and file a dispossessory notice.The tenant will be served by the marshall.If the tenant does not respond in 7 calender days I automatically get a writ and they will be thrown out.The problem if a tenant does not respond is that the Judge will not issue me a judgement just the writ and I have to pursue a judgement then through small claims court.If the tenant files and the court date is set then where I am you have mediators to try and work out an agreement before you go in front of the judge.If an agreement is reached the mediator gets it in writing and if the tenant breaks the agreement you automatically get a writ and a judgement.So if they respond and go to court and lose then I get a judgement without small claims.On the claims you can hire a collection company.Instead of paying them any money you have a split agreement.So for instance they would get 50% of whatever it is that they collect.They put on the credit,file garnishment of job or bank account etc.It's not that you will ever collect a huge sum it's developing a rep as a tough landlord.

11 July 2022 | 12 replies
Because GAAP says it's not (by omission).You can make a personal judgement call that being able to close in x days (sometimes) is liquid for you personally, or being able to borrow against it quickly is liquid (for you).As far as Real estate being a "Liquid Asset" which is a defined thing--it just isn't.Liquid assets are very precise things, and over the years, what they are (and what they are not) has held steady--Real estate is not a "liquid asset".Common liquid assets include:Cash.

18 July 2007 | 10 replies
You will need to be specific---what is the nature of you bad credit (do you no credit/not enough credit, judgements/collections/liens/late payments, etc.).
10 August 2023 | 31 replies
If this pit bull lawyer makes clear he is going to be collecting market rent back to the start of the tenancy, the tenant may decide to cut bait and agree to vacate in order to not risk a judgement against him that will result in him owing a lot of money.Good luck

11 April 2014 | 5 replies
We must follow the Revised Code of Washington (RCW) or we risk judgement against us.Pay Rent or Quit is a 3-day notice for us.

8 February 2023 | 9 replies
If you can get a court date for the owed rent soon, when they don't pay the judgement you may have an easier time enforcing against them since you know where they live right now!

15 March 2017 | 112 replies
However, the more information you give, the more concerns ariseYou can't just sell without addressing the child support lien and the judgement.

10 August 2023 | 24 replies
I stopped asking why and I just make sure we get the process started as quickly as possible and pray that the tenant doesn't appeal the judgement.

3 August 2023 | 18 replies
10.Do they have good reviews online (be fair in your judgement)?

19 December 2020 | 32 replies
Sometimes they will settle for a fraction of the amount owed to clear title 5-10% of the judgement