Forgive The Debt For Your Sake
LaSandra has a rental property, and a tenant moved out without paying the last month's rent. How should she go about collecting this rent money? Should she contact a debt collector?
QUESTION: LaSandra in Dallas has a rental property, and a tenant moved out without paying the last month’s rent. How should she go about collecting this rent money? Should she contact a debt collector? Dave thinks a debt collector is worthless, especially after LaSandra shares more about her relationship with the tenant.
ANSWER: A debt collector is worthless. I wouldn’t waste a penny on that. What I would do is simply get in touch with the former tenant verbally and say, “Are you planning to pay this last month’s rent? If you’re not, you need to know that I’m going to go ahead and file suit on you.” If they won’t talk to you, then send them a letter, return receipt requested, certified mail, that says, “If you don’t pay the rent in five days, I’ll be filing suit on you.” And then file suit on them.
Find the tenant. You know they’re bouncing around the area. Let’s find them. You know somebody who knows them. I can tell.
I have a suggestion for you: Forget it. Just let your sister go. This is more about you being pissed off at your sister than a tenant who didn’t pay. I think it’s going to be really good for you. You don’t need the money. It’s going to be really good for you to just lay this down. You wake up every morning mad about this. You do whatever you want to do. My suggestion is that you forget it. It’s not worth it. You’re not her mother. You’re her sister. She’s a grown woman, and she’s a crook. I think it’s a good idea for you to just forget it for your sake. I think you can rationalize and figure out a way you’re helping her some way or another, but I don’t think you’re helping her. I would just walk away from it and forget it. It’s $600. Who cares? You make $150,000 a year. You’ve already spent more time worrying about it than it was worth. I would just forget it. And don’t bring it up again. Next time you see her, don’t even talk about it. Never mention it again to anyone—your husband or you. Forget it. Let it go. It’d be really good for you. I’ve done that a couple of times, and I realized how much spiritual and emotional energy I was spending on something that didn’t matter just because I got ticked off about it on principle. If you fall on your sword on every one of these things, you’re going to stay cut up all the time. If it were me, I’d forget it. You do what you want to do.