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I recently purchased several rental properties. 1 is in Front Royal VA. Brand New 3/2.5 with a finished basement and a 1 car garage. 1500sq/ft.
I rented it to a young lady with a high 600s credit rating. She has lived there for 5 months.
All rents prior to January were on time. Rent is 1300 month. I have 1 month's rent in advance.
In late December she called and told me she had been ill and couldnt work, asked for an extension on rent. She told me she would send half by the 15th and catch up completely by Feb 1st.
She sent the promised check on the 15th...which bounced.
On hearing from my bank her check had bounced I prepared a pay or quit notice with the help of some online software I purchased. I drove over to the house deliver the pay or quit letter.
On arrival there were two persons not on the lease living in the house. Renter's brother and renter's brother's girlfriend. Girlfriend is literally so pregnant she is about to pop...due in 2 weeks.
I also noticed they were smoking inside which is also against the lease. Place was cluttered but not filthy.
Renter was not home. I identified myself and asked if it would be alright for me to come in and talk with them. The brother called sister (my renter) for me on his cell, and handed me the phone. I stepped outside to talk to her. She seemed surprised that the check had bounced, she asked me to let her make things right and not kick her out.
She said she would have both January and february to me by the 5th of Feb. I said if I had funds in my account by the 5th she could stay. I also told her this was her one chance.
After hanging up and going back inside. The brother told me that his check to the renter had bounced, but he would take care of it. At this point the Girlfriend's head snapped over to her boyfriend and she said "What check bounced?". She looked pissed.
Right about this time the brother's phone started blowing up...renter's mother called and started raising hell towards the brother. I have the feeling Renter called mom immediately about brother's check. My guess is she was surprised it had bounced. Girflfriend was also shooting eyeball daggers...
I was sitting there with a sense of wonderment thinking you dont get entertainment like this on TV.
Anyway to the point. As the clash song says...Should they stay or should they go...If i kick them out it will cost me, but would it be eaisier in the long run.
Also as a note, I may not be cut out to be a good slum lord because I have significant concerns over the amount of negative karma I will amass after kicking a pregnant lady out on the street.
Request recommendations from more seasoned owners.
I recently purchased several rental properties. 1 is in Front Royal VA. Brand New 3/2.5 with a finished basement and a 1 car garage. 1500sq/ft.
I rented it to a young lady with a high 600s credit rating. She has lived there for 5 months.
All rents prior to January were on time. Rent is 1300 month. I have 1 month's rent in advance.
In late December she called and told me she had been ill and couldnt work, asked for an extension on rent. She told me she would send half by the 15th and catch up completely by Feb 1st.
She sent the promised check on the 15th...which bounced.
On hearing from my bank her check had bounced I prepared a pay or quit notice with the help of some online software I purchased. I drove over to the house deliver the pay or quit letter.
On arrival there were two persons not on the lease living in the house. Renter's brother and renter's brother's girlfriend. Girlfriend is literally so pregnant she is about to pop...due in 2 weeks.
I also noticed they were smoking inside which is also against the lease. Place was cluttered but not filthy.
Renter was not home. I identified myself and asked if it would be alright for me to come in and talk with them. The brother called sister (my renter) for me on his cell, and handed me the phone. I stepped outside to talk to her. She seemed surprised that the check had bounced, she asked me to let her make things right and not kick her out.
She said she would have both January and february to me by the 5th of Feb. I said if I had funds in my account by the 5th she could stay. I also told her this was her one chance.
After hanging up and going back inside. The brother told me that his check to the renter had bounced, but he would take care of it. At this point the Girlfriend's head snapped over to her boyfriend and she said "What check bounced?". She looked pissed.
Right about this time the brother's phone started blowing up...renter's mother called and started raising hell towards the brother. I have the feeling Renter called mom immediately about brother's check. My guess is she was surprised it had bounced. Girflfriend was also shooting eyeball daggers...
I was sitting there with a sense of wonderment thinking you dont get entertainment like this on TV.
Anyway to the point. As the clash song says...Should they stay or should they go...If i kick them out it will cost me, but would it be eaisier in the long run.
Also as a note, I may not be cut out to be a good slum lord because I have significant concerns over the amount of negative karma I will amass after kicking a pregnant lady out on the street.
Request recommendations from more seasoned owners.
