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What do I do if my tenant stops paying rent?
If you happen to be in this situation, we feel your pain and we know what you might be going through. I hope that this is helpful and informative in your situation, but feel free to call us as well if you have any questions and we’d be happy to talk to you about your situation.
The first thing I’d look at is what does your lease state. You will have provisions in your lease agreement that will outline, or you should have I should say, that will outline your process of what you do if the tenant stops paying rent. For example, if the rent is due on the first of the month, let’s say you’re giving them a five day grace period, on the sixth of the month you will start having, the tenant will start having late fees, which you should never deviate unless you have it written in your policies that maybe you waive one in a 12 month period or so because some things happen, but don’t deviate from that. Then on the seventh of the month, and of course you need to abide by your state laws and regulations and guidelines, but you could post a notice to the tenant which will start the eviction process.
Now, you may not just be evicting them, you of course either want them to pay or with that notice, it’s usually a pay or vacate, that you want them to pay or vacate the property. Those two different options. That’s the beginning of the eviction process. You can watch our video on how to process an eviction, but this process will begin that and you can start working with an eviction attorney or contact our office, we can help you with that. Don’t deviate from that. Make sure that you’re abiding by your lease, and of course by the provisions set by the state. I hope this is helpful. Again, we don’t want to just go out there and change the locks of the tenant and get really upset and everything like that. We want to just follow the process that’s been defined by the lease and by the state.
if you have any questions, feel free to reach out to our office.