Monday, January 6, 2014

Landlord Monday: How Long to Wait?

I have a dilemma.  One tenant has still not paid December rent.  His transmission needed repaired, which he uses the van for his work, and he told me on December 1 that he would pay me December 20.  Well, he still has problems and now is talking about mid-January.

In the meantime, there is a $5/day late fee (now $10/day since January 2nd), which is being added on.

This tenant moved in during September, so I don't have a long history to go by.  Previous rentals had gone well for them when I checked.

When should I start the eviction process?  What do people think?