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January 2017 Archives

How to collect rent from a non-paying tenant

While real estate can be a great investment, renting out a property also comes with its own challenges. Dealing with maintenance and finding new tenants can be difficult, but the most stressful part of managing a rental is often collecting payment. When the mortgage is due and no money is coming in, a landlord's position can suddenly become extremely precarious. While some renters are easy to work with and always pay their bill on time, others may go weeks or even months without offering up any payment. Here are the steps you should take if you find yourself dealing with a non-paying tenant.

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