Article Summary: What to Do When a Tenant Stops Paying Rent

Key Points:

– Contact the tenant to discuss the issue and try to resolve it amicably.
– Send formal notices and keep a record of all communication.
– Consider legal options such as eviction if the problem persists.
– Consult with a real estate attorney for guidance on the best course of action.

Hot Take:

Dealing with a tenant who doesn’t pay rent is like dealing with a stubborn donkey – it’s frustrating, time-consuming, but ultimately, you’ll need a strong backbone and some legal carrots to get them moving. Don’t let non-paying tenants turn your rental profit into a charity donation!
Original article: https://www.biggerpockets.com/blog/tenant-not-paying-rent