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Tenants of my investment home are behind 2-3 months payments; what can I do to collect?
I own an investment home that I rent out to college kids. The kids are now behind 2-3 months payment, and I’ve tried reaching out to their parents for rent payment since they co-signed. What are my legal options?
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Answers
If the tenants weren’t paying rent for your investment home, you should begin the process of evicting these tenants. While one month’s rent isn’t always grounds for an immediate eviction, being behind 2-3 months payments is a sign that you may not be receiving any more payments from your tenants. You’ll need to start the legal process of eviction by filing what’s known as an “unlawful detainer” action, which states to the court that the tenants are illegally in possession of the home. When the eviction issue is rent, the eviction process is usually faster than the required 30 day eviction for other reasons. Also, if the parents have cosigned for payment, they can be held liable in any action for recovery of rent. You should speak with a lawyer to determine the proper course of action to remove the tenants and recovered the unpaid rent.
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Posted by Bert Gonzalez on 10 May 2010
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