Re: New Owner / delinquent rents - Posted by Tony Colella
Posted by Tony Colella on July 29, 2007 at 17:58:28:
Start your term as owner now and begin to take control under your leases etc.
Trying to collect for money owed the last owner is opening up a game of he said, she said. You will never be on solid ground enough to stand up in court anyways.
Let them know where and when the rent is now do and hammer the first one that doesn’t pay. Know your state’s landlord/tenant act better than they do. Spend a couple of hours in your local courthouse one time so that you will know what to file, when to file, how much it costs, where you stand in court and what documents and testimy is requested.
Make an example of the worst one and most will fall in line. From there you take them down one at a time until you get the park dialed in.
Note. It will never be perfect but your list should get shorter and less immediate.