DSNews.com Article Feed

Monday, June 7, 2010

Tenants - Where is the rent?

So you've got rental property.  You have a lease in place (verbal or written) with tenants to occupy the home.  Soon you find yourself wondering each month if the rent will come by the first. Some months it comes on time, others days or even weeks later. 
What do you do if it doesn't come for 30 days?  What exactly do you do if it's not coming at all?

If this is familiar territory for you, I sincerely advise you to meet with a real estate attorney.  While this may pull anywhere from $150-500 out of your pocket, the return on investment will be the information obtained from this meeting.  You will gain knowledge of how to approach the situation surrounding eviction, how to proceed in accordance with the lease you have in place with your tenant.  This can also be a great time to discuss all sorts of topics revolving around your rental property, including the leases you are currently using or have used in the past. 
Researching topics on the internet will only get you so far.  Once it comes to enforcing the contracts you have in place, you'll more than likely find yourself feeling as though the meeting with an attorney can be priceless!  They will not be able to do the 'work' for you, but at the very least, they will point you in the right direction.
If you need a real estate attorney referral, please let me know and I'll send you a few good names.
If you have questions on this topic of real estate or the market your home is in, do not hesitate to drop me a line.

No comments:

Post a Comment