Jasz
VIP Contributor
When dealing with late rent, there are a few key questions to ask yourself:
Is the tenant paying late consistently? It's often best to start an eviction process with tenants who have a history of paying late. If you've got one or two tenants who are consistently tardy on their rent and you're not sure how to proceed, it may be time to call in a professional.
What is your tolerance for late rent? If you're flexible and willing to accommodate short-term financial hardship, then you can afford more leeway when it comes to late payments. However, if your business depends on timely rent payments and you're unwilling to compromise, then it might be time for an eviction.
Are there any other violations by this tenant? If there are other violations (such as excessive noise or pets), it's best for both parties if you evict the tenant rather than try and work things out.
Is the tenant paying late consistently? It's often best to start an eviction process with tenants who have a history of paying late. If you've got one or two tenants who are consistently tardy on their rent and you're not sure how to proceed, it may be time to call in a professional.
What is your tolerance for late rent? If you're flexible and willing to accommodate short-term financial hardship, then you can afford more leeway when it comes to late payments. However, if your business depends on timely rent payments and you're unwilling to compromise, then it might be time for an eviction.
Are there any other violations by this tenant? If there are other violations (such as excessive noise or pets), it's best for both parties if you evict the tenant rather than try and work things out.