Apart from seriously damaging property and not paying rent of course...
My tenant is constantly behind with her rent, e.g. if today is 16 Dec, the rent she paid would be until 13 December. It's like playing catch up and it's been like this for the last months. She have not paid water consumption bill either.
There are a couple of times she paid just on the 14th days of rent arrears, so seems like she know how to play by the rule.
If it's you, would you let the tenant go?
Pro of letting tenant go:
Against:
My tenant is constantly behind with her rent, e.g. if today is 16 Dec, the rent she paid would be until 13 December. It's like playing catch up and it's been like this for the last months. She have not paid water consumption bill either.
There are a couple of times she paid just on the 14th days of rent arrears, so seems like she know how to play by the rule.
If it's you, would you let the tenant go?
Pro of letting tenant go:
- I can do some minor reno on the property ($5K worth), and as a result
- Better chance in attracting better tenant and better property value
- Increase the rent a bit, e.g. by $10-$15 per week. Current rent is $280
Against:
- Property is in Rutherford and the vacancy there is not so good, so a vacant property might take 3-4 weeks to fill.
- Rent has been late, but it's coming slowly. So it's not like the tenant is not paying at all. If I terminate, the worry is that she will stop paying rent at all.
- She maintain the property and I have not got any absurd requests other than smoke alarms and electricity problem in mid year. Gutter clean up and leaking pipe are done from my side.