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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][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] ...and HOW would you know if they used your money for something else? do you used marked bills? WTF do you care so long as its returned to you when you move out. like you would really SUE THE SHIT OUT OF ME.... :lol: [/quote]
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