Owning rental property in Tampa is a great way of ensuring a steady, stable income. If you secure reliable tenants, through proper tenant screening, collecting rent is very simple. Unfortunately, in the rental management business situations occur when one or more of your tenants stop paying their rent.
Naturally, as the landlord, you will feel inconvenienced, and even demand that the individual either pays up or vacates the premises. Though you have the right to the property, it is prudent to know how to handle such a situation. Otherwise, you might end up facing costly and protracted legal suits.
So, when faced with such a scenario, what is the best approach for a Tampa landlord? (more…)