Quote:
Originally Posted by plumcreekfarm
Our first home was a duplex. We moved to our farm and couldn't sell the house so we began renting it. We have in 6 years never had a bad renter until now. This lady has one sob story after another and has been a slow payer since the second month. Her lease is up June 1. She still is $850. behind. We lose 2-5 hundren on the stupid place every year as it is. We asked her nicly to move out if it was too much apartment 3 months ago. I just can't understand how someone could take advantage of others with out being ashamed. There are vacant apartments in the same town for half the price. We offered to let her out of the lease and give back the deposit too. Now we have to start the evection process. I think she is going to make this difficult and expensive. I really feel landlords have no rights and should at least be able to cut utilities when children are not involved. We were thinking of turning off her hot water, but not sure if she could sue us.
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I am sure that turning off her hot water is illegal. Now if the pilot light goes out mysteriously for 7-8 hours at a time.....
Do you have any good friends in the plumbing, HVAC or electrical business? What would happen if you contracted them to 'repair' something, but it took four or five days to fix, just waiting on the 'parts' to come in?
I will
strongly suggest that you consider going to a week to week payment. This puts you in contact with the renter, and it makes it much, much harder for them to stick you with a full months rent. Even if you show up for the weekly rent, and they give a sob story, usually you will get at least half the amount owed. A little money is better than NO money.
A W2W payment system lets the renter know you are keeping up with them. They will be less likely to play games or damage stuff. I am stunned how many LL let a property go without them stopping by from time to time, just to check the gutters, sweep the street, check the hinges on the garage door, see if an imaginary contractor left an estimate for a new roof, etc.
You will make more money W2W than monthly. This might even solve your $500 yearly deficit.
You can always give a monthly discount for those that pay every week, on time, no exceptions.
W2W will improve the cash flow of your renter. It is alot easier for many renters to pull $200 out of their paycheck weekly than to come up with the astronomical amount of $800 a month.
W2W will improve your cash flow. It gives you the rent sooner. It also increases your cash amount because many months have 5 weeks.
Hope this helps...I still think the renter is playing you!
Clove