By: Becky Bower
It’s frustrating when tenants decide to stop paying their rent. You’ve already gone through the leasing process with them, and now you’re going to have to do it all over again! Rather than giving your late tenants an earful, start the eviction process right away. The sooner you get them out, the closer you’ll get to finding the perfect tenants for your property.
Step 1: Give Notice
Of course, every situation is different and many handle it differently. While I don’t recommend this, some landlords try to strike a deal with their tenants, requiring them to pay back the rent in installments by a certain date and so forth. If you decide to go this route, be sure that you have everything in writing. This will legally bind you and your tenant to the agreement. If your tenant still does not pay back the rent by the agreed upon time, you’re back at square one: handing out a three-day-notice to pay or quit. Continue reading