Posted by at 1:57 PM on Monday, March 24, 2008
In this buyers market today, many people are now thinking about investing by purchasing a house and renting it out. Then, in the future when the real estate market has rebounded, maybe 10 years, they will sell the house for a profit. There are many things to consider about how to rent the property and what to do when the tenant does not pay the rent. These are some tips for the eviction process:
· If you have started the eviction process, do not accept partial payments from the tenant. This can stop the eviction process by the judge agreeing you accepted the payment. If this happens you will be out court cost and have to begin the eviction process all over again.
· Usually this eviction process will take two or three weeks and may run into the next month. If the tenant pays the past due, amount; advise them that the current month is covered on the eviction as well.
· An option to having tenant move out is a payment plan approved by the eviction judge. As the landlord, you retain all of your rights, if tenant misses one payment, you can immediately issue the writ and have them forcibly removed without going back to court.
Tenant evictions are not difficult but require planning and understanding of the procedure.
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