Tenants (Local or Foreign) Disappearing without paying RENTAL.
How many times has it happened to you?
I just want to know how frequent it occurs.
Its bad for business. This will serve as a resource.
I know there is security deposit but sometimes Tenant's would ask if they can use the deposit to pay for rent.
Let me start:
I have this
IRANIAN tenant who is supposed to end his lease by May 3. But Yesterday the tenant left without a TRACE bringing his personal belongings.
I will wait until May 3 if the tenant doesn't show up. I will have to file a police blotter.
My tenant is a foreign student.
I trusted this tenant and accepted his request that he use the security deposit but he still owes me for one month plus the electric bill.
Too much trust can really Backfire on you.....