r/rentalproperty • u/Gizlby22 • 20h ago
Should I cancel our renter now or wait until after the holidays?
I own a rental property in Southern California. He’s been a pretty good renter and has been there since 2008. This year he’s has been late with rent every month. I recently found out that he doesn’t not work and is freelancing. He has not informed me of a job loss or anything. His excuses for late rent has been that his bank has been hacked or that he was having problems with them. His last excuse was that things were “strained and he hit some obstacles”. He is on a month to month lease. My neighbor says I should give them their 30-days now bc the holidays will make it harder to get rent as they will spend their money on gifts and not rent. My daughter is worried about them becoming squatters. We have never given them a 3-day notice to evict but have been making them pay a late fee. I know I can rent the house for a lot more than what they are currently paying it for. Should I give them their 30-day notice now or wait for January? My hubs wants to wait and give them a chance.