Monday, January 19, 2009

Creative rent collecting strategies....

Aaaaahhhh the not so glitzy side of property... the non-paying tenant.

A female colleague of mine and I were chatting today and she's at her wits end. She has a male tenant in one of her properties and he is simply refusing to pay his rent. She has tried to be nice by giving him extra time to pay his arrears and tried debt collectors and lawyers letters.

The more she pushes the legal route the more aggressive the tenant gets and she's feeling completely at a loss to try and get the money out of this guy.

She's served notice on them and the tenant has disregarded the letters saying that he will leave when he has found another place...

I saw the topic came up on one of the trading websites and I saw some suggestions for a little creative pressure on the tenant:

1. Two Nigerian heavies outweigh one Sandton yuppie on steroids...

2. Another suggestion was to send the maintenance man around in the late afternoon to remove the front door or gate for that much needed coat of paint. The money might suddenly materialise when they realise you don't intend having the door back overnight....

Thought maybe I'd throw the idea out and see if anyone has got any ideas for some creative (even legal) debt collecting solutions for this kind of situation??

3 comments:

Anonymous said...

Non paying tenants is any landlords worst nightmare!

I also tried the heavies, but tenants know their rights these days. I had to go the legal route. It angers me that these non paying tenants can get away with it.

But, it is all part of the property game. :)

Anonymous said...

Yup I find it intriguing that a property owner who is giving their property up to a tenant who then doesn't pay but has more rights than the propert owner...

Mind boggling

Anonymous said...

I see Fin24.com covered this story here and people have suggested hiring a couple of hobo's to move into the house for a night!

Check the story here:
http://www.fin24.com/articles/default/display_article.aspx?ArticleId=2459323