post Category: property investment — dave so @ 11:00 am — post

I’m still waiting for the court date for my unpaying tenant, so that I can eventually get them out and get new tenants who DO pay rent in. I’m trying not to think about it too much as its not very nice to throw someone out of their home. But the fact is I really don’t want to pay any for them to live there every month, they should be paying me. The courts have set a date for Jan 2008, hopefully all will go well then.

More Rent Arrears

Just to pee me off even more another tenant who has had payment problems in the past has stopped paying rent, even though they are only meant to pay ÂŁ85 per week, they can’t even afford that. I can’t believe it. They have about 10 weeks worth of arrears now. I must be strong and send them their final warning.

I feel really bad sending them notices when its so close to Xmas as they really shouldn’t be thinking about losing the roof over their heads during their Xmas holiday. Christmas is a time when we should celebrate with our family opening presents, eating turkey and all sit round the TV to watch the queen’s speech.

Hang On…

Do they think about me?? Do they think if we don’t pay our rent then our landlord may not have money for Xmas?? NO THEY DON’T The fact that they haven’t come to me with anything not even excuses has made me realise that I should not be considerate to them as they are not too me. I run a business and I should be business like. No matter what time of year, if tenants haven’t paid then I need to be procedural and proceed like clockwork. Get the warnings out to them, get the notices out, get them bad tenants out!!

post Category: property investmentpost


There are 4 comments

#1

To eliminate bad debts, a good way is to take 1 month’s rent in advance as a deposit. The deposit will be forfeited if they are served a notice of eviction for that month or for payment.

Hazel Lim wrote on December 26 2007 - 8:45 am
#2

If they can’t afford the rent they should not be living there anyway. Get those idiots out!

neil strauss wrote on January 3 2008 - 1:56 pm
#3

mate, ive got tenants and the moment the rent is not in on the day im already chasing and calling up……do you know that you can charge them interest after 7 days of non payment???did you not ref/credit check your tenants?if they were my tenants i’ll kick em out…….the TRIAD WAY!!!!!!!!!!

jon wrote on March 1 2008 - 1:13 pm
#4

jon, you’re right you can charge interest and more to the tenants. the only problem is that if they can’t even pay rent they can’t pay the interest for sure. lettings is quite unique in that if a tenant does a runner you can’t really go to their house and demand payment as… they’ve done a runner.

when i was younger i used to be a bit of a bad boy and lets just say i delt with a few people before. I have considered bringing the heavies round to sort the tenants out, but i don’t want violence met with violence.

lets just say when you get older you realise you have a lot more to lose.

dave so wrote on March 3 2008 - 10:00 pm
You can leave a response, or trackback from your own site.

Write Your Comment

Comment Guidelines: Basic XHTML is allowed (a href, strong, em, code). All line breaks and paragraphs will be generated automatically.

You should have a name, right? 
Your email address, I promised I won't tell it to anyone. 
If you have a web site or blog, you can type the URL right here. 
This is where you type your comments. 
Remember my information for the next time I visit.