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Real Estate
Reply to "Tell me about being a landlord in dc"
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[quote=Anonymous][quote=Anonymous]Don't ever give the tenant extra time to pay the rent, esp. if you need the rent to cover a mortgage. Extra time for them to pay the rent is BUILT IN to the Landlord-Tenant court system. If they are a few days late, start the eviction process. I know that sounds heartless, but you can stop it at any time. However if you give them a month or 2 and they are still not paying, there is no way to speed things up so you can get a paying tenant in there.[/quote] This is so true. If you give them extra time the judge will even question you about why you didn't start the process right away. I have lunch every month with good friend on the 5th of every month. First thing she ask is are all my rents paid. If not we start the process. Have never had a problem. [/quote]
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