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Weekly update

February 3rd, 2017 at 11:32 pm

I' continuing UFM this month. I had 17 absolutely No Spending days in January and hope to do the same in February. We are filing our income taxes some time next week. Hoping for a good outcome!

We have decided to tell the tenant of the cottage that she has to move. I hate to have to do this but they are always late with the rent and still owe us the rent from the month of September. We have been very patient with them because she fell on hard times and we know how hard is to get back on your feet. We realized that we should treat the house as a business. If she fails to pay the rent, we have to take $600 from our household budget to make the mortgage payment. I know this is a chance we took but we just have to try to get someone in there that can make the rent. Let's see what happens. Frown

Not much going on here; just watching the Superbowl on Sunday.

4 Responses to “Weekly update”

  1. LuckyJB Says:

    Ive been in the same scenario dealing with one of my roommates. And yes at some point we have to treat it as a business agreement. Do you have a rental agreement? Also, maybe suggest she pays you twice a month versus all at once. Thats if you decide to keep her.

  2. VS_ozgirl Says:

    I completely agree with treating the rental property as a business because it is an investment. You set out to make money, not give someone charity and it is now February so you have been more than generous by giving them plenty of time to make up the missing September rent. I hope you get a great tenant next time!

  3. rob62521 Says:

    I am sure it is a tough thing trying to be nice to this person who fell on hard times, but you have to look out for yourself as well. I think you've been generous and kind waiting on the late rent and as you said, you have to make up the deficit.

  4. FrugalTexan75 Says:

    I agree with the others. You need to let the renter not have a free ride.

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