Real Estate/Development
Sep. 17, 2002
Waiting Too Long for Tenants to Pay?
BY LAWRENCE RUBENSTEIN There is a delicate balance between overly aggressive rent collection and being too passive. Some owners "manage by the book," serving a three-day notice to pay the day after rent is due, and do not accept money after the fourth day. Some owners wait patiently no matter what, hoping to avoid legal costs, turnover and the hassle of the eviction process.
BY LAWRENCE RUBENSTEIN
There is a delicate balance between overly aggressive rent collection and being too passive. Some owners "manage by the book," serving a three-day notice to pay the day after rent is due, and do not accept money after the fourth day. Some owners wait patiently no matter what, hoping to avoid legal costs,...
There is a delicate balance between overly aggressive rent collection and being too passive. Some owners "manage by the book," serving a three-day notice to pay the day after rent is due, and do not accept money after the fourth day. Some owners wait patiently no matter what, hoping to avoid legal costs,...
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