Ok, Renter has a 12 month lease. They wont pay. Generally we EVICT, get DAMAGES, GARNISH & move on...
Can I legally collect 12 months off of them since thats what he lease is for? If you have not noticed the economy is so bad that rent is the last thing lots of renters think of paying. We are trying to decide what is the best business practice to follow as far as keeping the income flowing.
PS: Our Tenants always have a garnishable income in 95% of the units we own.
You will probably only get about 2 to 3 months of rent judgement beyond what has already past from the courts because you are expected to mitigate your damages by finding a new tenant. Say you find a tenant a month after the eviction, you would be awarded a judgement for the rent not payed up to the eviction plus the time between the eviction and move in of a new tenant. You wouldn't be allowed to double dip as is getting rent payment from the past tenant and the current tenant for the same space for the same time period.