@jo13nathan , as per your post:
- "Should I forgive delinquency during takeover"
When we closed on our Turn-Around MHP, we started the process "fresh".
Whatever was owed to the Previous Owner was between that Tenant and the Previous Owner.
However, the Tenants were "required" to pay what was owed us as of the day we closed on the MHP.
If the Tenants did not pay us the Rent, Utilities and Fees that were owed us as of the day of the Real Estate Closing, we filed Evictions on them and held them to it.
@jo13nathan , I totally agree with your statements:
- "I think it makes sense to wipe and that way I can control how much tenants are allowed to get behind. Clean slate, my rules, don't let it get out of hand."
@jo13nathan , I also totally agree with your statements:
- "If I do bill them their balances and I accept some sort of payment plan, I feel like I'm asking for trouble. If I continue to add late fees, they'll never catch up."
You need to start fresh...with your rules...no pay no stay.
New Owner...New Rules.
We wish you the very best!