Rental Tip – What to do when a tenant wants out early?
Just in case you are new to the foreclosure investment market, you may be wandering what happens next? You found that great investment, you got a great deal on it, now what?
Maybe you’ve never been a landlord before, or maybe you are still relatively new to the rental units.
Here are some observations from my trials and tribulations for landlording. If you want some forms and other insights, please leave a comment or drop me a line.
First, I got a call last week from my two tenants. They are a couple, but a young couple, and not married. Which I don’t have a problem with, until they decided to break it off quite suddenly. Normally I don’t mind and sometimes I am a stickler to the lease. But they decided to break it off and of course, with one leaving, the other couldn’t afford to stay alone.
Question, should I let them both out of the lease? Try to collect from each? Look for a new tenant?
What would you do?
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