Broken Leases with Little Notice - How to Recover
By Amanda Bouck
The #1 fear for new investors is, “what if a tenant refuses to leave my property?”
Recently the opposite happened to me and I had tenants up and leave my property!
I had a half month’s rent collected for July, last month’s rent collected and a 1-year lease signed. The tenants started moving their belongings into the property and decided they didn’t want to stay. They gave me 4 days' notice and requested their last month’s rent to be returned to them.
Landlords have rights too! If an issue arises, the Landlord has the right to try and fix the situation.
In my case, they already moved out! That meant I would need to go to small claims court if I wanted to seek damages. I was in the middle of a refinance on this property and the lease I submitted to my lender was now invalid. Plus I would have an empty unit for the appraisal.
Watch this video to find out what I did, and how this turned out!
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About the Author
Amanda Bouck
Amanda Bouck has been successful real estate investor since 2009. Starting her career in the fitness industry taught her about hard work and dedication to her goals. Amanda was a professional Property Manager for many years and managed a substantial portfolio. Amanda’s husband Marty is a Carpenter and they are an incredible investing team. Their favourite strategies are 2-unit conversions, Flipping, Flip to Yourself, Flip to JV, and Buy and Hold and Joint Ventures. The knowledge Amanda gained over the years with investing, renovations and property management, brought her to the Keyspire team in 2014, where she serves as the Sr. Manager, Coaching & Content.
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