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Reply to "Tenant late on rent and its hitting us hard"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP - [b]can you use her security deposit to get you through the month, or have you already tapped that?[/b] Is this a temporary set back for the tenant or is she just in over her head in general? I would get on craigslist and hotpads for the area where your house is located and start looking at your direct competition before you start eviction proceedings. If there are a lot of houses on the market in your immediate area that are for rent, you'd better make sure that you want to jump into a weak rental market. also, try renting it out yourself next time so you don't have to pay the realtor's fee. [/quote] Whoa, whoa, whoa. There are laws stating what you can and can't do with a security deposit. [/quote] :roll: yeah, ok. and who's gonna check? the security deposit police? there are certain states that don't require that sec deps be held in escrow. We have 2 rental homes out of state, neither require escrow. get over yourself....whoa whoa whoa. lets see, I will go ahead and have a late mortgage payment because I'm afraid to tap a security deposit? you are clearly an anal rule-follower.[/quote] If I were your tenant, I'd sue the shit out of you. It's illegal. If my landlord used my security deposit for anything else other than legitimate repairs when I move out, I'm allowed to sue you (under VA law).[/quote]
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