Category Archives: Rental Property
Did I mention that there’s a new tenant from hell story? I call this one A Series of Extraordinarily Bad Tenants.
It’s Tuesday and part 2 of how I finally got rid of my tenant is up over at My Tenant From Hell. Grab the popcorn and get ready for more of my seemingly never ending saga.
It’s long overdue, and it’s too long to put into one post, but if you want to start reading about how I finally got rid of my tenant from hell then go over to that site and read the beginning of the end.
I know that I haven’t updated you on my entire weekend with my tenant from hell, but I promise you that a long and detailed post on it is coming up. I just couldn’t pass this one up. Today is June 30 and I came in to my office to a voicemail from my tenant threatening me with legal action because I changed the locks on my house…the house that she moved out of…from last weekend. This is the same house that she assured me that she no longer had anything in and was completely finished with.
If you’re looking for a juicy update on my tenant, then you need to head over to mytenantfromhell.com and check out today’s story. I need your feedback!
I have purposely not updated you on my dealing with my tenant because I knew that this day would come. My tenant from hell is leaving my house. Let the celebrations begin! Usually I give you the long version of my dealing with my tenant, but this time I figured that I would give you the short, short version.
As you already know, my tenant has a habit of not paying the last portion of her rent on time. A program pays about 80% of her rent to me directly and she had to pay the balance. If she didn’t pay her rent by the 6th of the month she would incur a late fee. She had been on a decent clip for about 2 months with paying her rent on time and then she fell off the cliff.
Welcome to the soap opera post. Regular readers, you know what that means; it’s tenant from hell time! Yaaaay. Okay, yesterday was the first of the month. In homes all over the land, the rent was due and most people paid their rent on time. But we’re not dealing with most people here. We are dealing with my tenant. I have to say ahead of time how much I’ve loved sharing this series with you.
It’s been a while since I updated you on my tenant from hell. First, I have to say, thanks for following this saga. From the outside looking in, I know that it sort of looks like a soap opera, and some of you now know the story better than I do myself. If you don’t, just browse through the rental property category to get caught up. Now, last time that I updated you on my tenant, I made a surprise visit to the house and found hell and chaos waiting for me. We hoped that she would be able to pay her rent until her lease expires in April. She even gave me a check for January’s rent ahead of time.
I became a landlord (landlady?) on April 7, 2010 when I purchased an investment property with a tenant in it. The property was purchased from a friend and he assured me that she was a wonderful tenant. Better yet, her rent was always on time. Since my tenant has terminal cancer, a government funded program paid for 75% or her rent which was sent directly to the property owner. The tenant was responsible for the balance as well as all utilities.
I would basically be responsible for upkeep and maintenance, changing the batteries in the smoke and carbon monoxide detectors and, of course, the taxes on the property. Based on my investment, if nothing major broke, and I had a 90% occupancy rate with no rent increases or major tax increases, I would break even in a little over three years with no mortgage on the property. It seemed like a perfect opportunity for me, until the tenant decided that paying her balance of the rent any time before the middle of the month was too bothersome for her.