mathjak107
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 27, 2005
- Messages
- 6,210
well one of the things i always say about rental real-estate is its freat ,until its not.as long as your tenant pays the rent things couldnt be better but here in new york city what a nightmare when the tenent stops paying.to get a tenant out is a horror,it takes months,,you almost always must have a lawyer and the fees are crazy..
heres some tips i learned...the hard way.
make sure you always give the tenant a lease.i got sloppy after the origonal lease ran out and didnt do a new one with my tenant .i figured what the heck no lease i can do as i please now...wrong!..when she stopped paying the rent i couldnt prove what the rent even was supposed to be.
make sure you both swap signed receipts on payment of rent.you need a receipt from the tenent so you can show a pattern of rent payment if you have to go to court.its needed to get your case rolling .the judge cant just ask the tenent for their proof showing they paid the month in question..you need to bring enough proof of a rental pattern so the judge can open the case for you and then is able to question the tenant
watch out about pushing to hard ,,if the tenant declares bankruptcy game is over for you.no back rent and the judge may even let them stay longer..
theres a few more tips i learned the hard way but ill post them later.....
heres some tips i learned...the hard way.
make sure you always give the tenant a lease.i got sloppy after the origonal lease ran out and didnt do a new one with my tenant .i figured what the heck no lease i can do as i please now...wrong!..when she stopped paying the rent i couldnt prove what the rent even was supposed to be.
make sure you both swap signed receipts on payment of rent.you need a receipt from the tenent so you can show a pattern of rent payment if you have to go to court.its needed to get your case rolling .the judge cant just ask the tenent for their proof showing they paid the month in question..you need to bring enough proof of a rental pattern so the judge can open the case for you and then is able to question the tenant
watch out about pushing to hard ,,if the tenant declares bankruptcy game is over for you.no back rent and the judge may even let them stay longer..
theres a few more tips i learned the hard way but ill post them later.....