Your Real Estate Insider: Never count out a Tenant

Never count out a Tenant

About ten months ago, I leased out an investment property, which I own with my father. The tenant was highly recommended from a very reliable source. When they moved in they paid first months rent and security deposit. The next month they paid about a week late. The following month they paid about three weeks late. The next month they paid at the end of the month, with a bad check.

We were forced to evict. The eviction process went surprisingly well. On the day of the court hearing, we had already agreed they could have until the end of the month to move. In return they would leave the house in good shape and would pay us one months rent. At the end of the month the house was vacated and in great shape, but there was no money. We weren't completely surprised, ok actually we expected it. After a few unreturned phone calls, we decided to cut our losses.

To our surprise, this past week we received a package in the mail. Our former tenants had sent us a check for the full amount. I have been surprised many times by tenants but never by something good. It just proves you never really know what to expect from tenants.

 Walter Aaron Poling

Long & Foster

 

9 commentsAaron Poling • February 24 2009 08:13PM

Comments

The question is was the check any good? What a strange series of events

Posted by Quad Cities My RealTeam (Mel Foster Co.) (Keith Allen Allborty ) about 3 years ago

That sounds like great news, after all.  Congratulations.

A colleague of mine rented a place to an executive (yes, big title, with big bucks, for a huge company); and that person stopped paying the rent about 4 months into the lease.  No reason. Just thought he would not pay.  The eviction process took months, and when he finally left, he owed $18,000+ and left the place a pigsty.   You just never really know, do you?

Posted by Sylvie Conde, Broker | Toronto Real Estate (Sutton Group-Associates Realty Inc., Brokerage) about 3 years ago

Yes, was the check any good - or another bad check?

Posted by Benjamin Realty LLC about 3 years ago

And yes the check was good!

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