Tenants and Late RentWhen you hear their story, you’ll want to give them more time. At first, it might just be a week that they need, but then it will turn into a month that they haven’t paid, and then several months. Eventually, it will spiral out of control and you won’t have any rent coming in. You’ll be frustrated, and you’ll wonder where you went wrong.
Enforce Your Lease
You went wrong by making an emotional decision with your rental property in Charlotte. You need to treat your rental property like a business from the beginning. This means having a lease and enforcing the policies in the lease. So when the tenants don’t pay at Group 15, we tell them we understand. We assume they will come up with the money, but in the meantime, we need to stick with our policies and begin the eviction process. It takes several weeks before we get in front of the magistrate, and the tenants have the opportunity to come up with the money before then. Most of the time, they do, and the eviction is avoided. We move on.
If you find yourself in the situation that your tenant is not paying rent, please contact us at Group 15 Real Estate. We can help with all your Charlotte property management needs.