Late-Paying Tenant? Say These 7 Magic Words
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- Опубліковано 11 вер 2024
- If you've got a tenant that wants to pay the rent late, these are the seven magic words that you tell them to ensure on-time rent payments thereafter.
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7 words sentence?
"Pay your rent, or get kicked out."
Yes. That's exactly what we all *want* to say!
I was one late for rent bc I was in the Hospital. My rent was $4,000/ month. In NYC we have a grace period. I have rented and had tenants pay late. I was not so money hungry that I had to pursue anything legally. 😨
Well if you c can afford 4k a month in rent I wouldn't be worried about a thing either
@@sexweightsproteinshakesexactly
That shit don’t work, I thought you was gonna say something real
My tenant has been late every month for 3’years.
Been waiting for an eviction hearing for 6 months. This is my third time taking her to the board. It’ll be the last time -- I won’t leave without an eviction order.
Oh dear. What an awful situation, Wendy. What state is this in?
@@GetRichEducation yes it’s been a long and frustrating situation to say the least. The positive side is that I’ve learned a lot and I’ll be more selective of my next tenant. I live in Ontario Canada.
@@wendysmith9682why does it matter if it’s late every month if you’re getting it every month
@@user-dn9bq2ph3cbars 😂😂
Good video, I would suggest we just be careful with these 7 words. You can't start flinging them around all over the place, maybe 1 out of 50 tenants want to challenge you or use, dare I say, the race card. Just words of caution.
Thanks, James.
Absolutely. Nothing works 100% of the time.
Take care!
-Keith
Tenants will try every trick in the book to avoid rent payment, I don’t have money to get my nail or hair done but tenants do !!!
Haha! Yeah, exactly.
Cuarajhy Rojayju sometimes some of us don’t just have the money available immediately you know. I’m a college student and I have no issues giving people money I owe. We have unforeseen circumstances, financial emergencies, a lot of things that can happen you weren’t prepared for that make you lose more money than you intended. That’s not fair to always just look at a tenant having a motive. For the most part I make my payments on time but every once in a while life and shit happens.
Every time a tenants don’t pay rent is because they prefer to spend on vacation or just purchased a $1,500 tv so the landlord mortgage and property taxes money was spent for vacation and others more important than rent, so after vacation is over they have to move out or get themselves an eviction records or they end up in a shelter and wages attach for damages, then they wonder why they can’t find a decent place to rent they end up living in a dangerous neighborhood exposing their kids to drugs, and other.
Cuarajhy Rojayju Cuarajhy YOUR tenants. What a few of your tenants do do not define all tenants. I have yet to go on a vacation and I’m supposed to be “traveling the world” only place I travel to is my job, I have a 24 inch tv but it was a gift that was given to me from my parents when I still lived at home, hell I hardly watch it so miscellaneous stuff like that isn’t important to me. There’s shady tenants and also shady landlords. Just because one might have power over the other doesn’t make them better nor right all the time.
Grow a brain and some empathy. Not all tenants are the same, and we all know what life can throw at us.
My first time in 30 years ever being late on rent or a mortgage and it's very embarrassing 😥
Well that’s great they should give u time
We all hit some bad times sometimes. I hope you bounce back soon.
Haha ... good comedy show ... cannot wait for the next episode. 😂
My tenant is a pathological liar. She doesn't even have any unemployment back. Now with Coronavirus the law is on her side. Also she always late on rent. I try to work with her but she say I can't evict her because of this new law. What should I do?
Hi Norman,
Gosh, we're so sorry about this situation with your tenant.
In most areas, with coronavirus, there is an eviction moratorium.
However, if this makes it difficult for you to pay your mortgage, borrowers are often granted loan forbearance.
Intimidate the Renters Sure.and the Renters know the Law to.good luck.
Well, it always comes down to the market.
What if I live in a country where the law favors the tenant? :/
You can live there and invest elsewhere.
Good one Keith
I ask when he will pay if he refuse I ask him when he will be out if he still stay I take of the roof works every time. It is small houses and the roof is screwed down against the wall so it is easy to take down ,and everyone knows about it and that stops late payments in the beginning I had one guy staying for free for one year with only sad stories and promises never again you learn to be evil😁
If you can describe this in more detail, I might be able to help.
Good 7 words to use so they know you know what you are doing
Lol .. where my tenant is... the law has given him more rights than the landlord. This doesnt work for anyone. I wasted time watching this
Hi Natalie,
Oh, I'm sorry about your situation.
Can I ask what state or jurisdiction administers the law there?
Here at Get Rich Education, we generally discuss investing in America's best rental states, which tend to be in the U.S. Midwest and South.
He dodnt come.pick it up then sheriff delivered letter from his attorney saying he's terminatimg lease move out immediately 🎯 wtf do i do?
Good landlords attract good tenants. I've never had a problem.
Congratulations! That says a lot of good things about your operations.
Gearfacts haha that’s bullshit.
Demon King
Voted Best comment.
Demon King totally because I’m an awesome landlord. I gave her a ton of things. New kitchen, new lights, gifts on Christmas, people just take advantage. More like he just got lucky. lol
@David V Meh.
I remember when you said this in episode 45, Hit the nail on the head. =)
Actually you said 8 words not 7
Well right now, the law says COVID19. So yeah, good luck with that.
Hi and thanks for the remark. You're 100% correct.
In fact, right at the start of last weeks' podcast, we provide a 10-Step plan on how to collect rent in pandemic times.
Here you go: www.getricheducation.com/episode/286-how-to-protect-yourself-financially-during-the-pandemic-collecting-rent-mortgage-update/
If my Tenant refuses to sign a Rental Addendum for a Rental Increase, can I charge her for the Rental Increase anyway, or deduct it from the Security Deposit?
If I chose to present her with a 3-Day notice, and proceed with eviction proceedings if she refuses to pay rental Increase...
Does that nullify the existing rental agreement, and she can quit paying Rent at all?
Hello "R",
Typically, the lease terms can only be changed if the current lease terms have expired.
@@GetRichEducation
It's a month-to-month tenancy.
Essentially, what I want to know is:
Aside of Eviction, what are my options if Tenant refuses to sign Rental Addendum and pay Rental Increase?
Is Eviction my only option if Tenant refuses to pay increase?
Or, can I accept her rental payment as a 'partial payment', and bill her for the increase w/late fees?
Is that Legal in the State of California?
Is Tenant OBLIGATED to pay Rental Increase if she remains in property,, even if she refuses to sign Rental Addendum?
Or, is she only legally obligated to pay what she has agreed to pay in original Rental Agreement?
How will a Judge view this situation if we go to Court?
What about rude landlord asking for rent money at 10am . I been here for 10 years never been late . Landlord should belong be rude and wait stupid
Ah, yes. Maybe they'll accept automatic electronic withdrawals for the future.
my scumtenant (in Toronto) wants $32,000 (waiving the rents they owe) to move out. LTB is a joke. just wasting time