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Tax, SDIRAs & Cost Segregation

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Dave S.
  • Investor / Wholesaler
  • Erie, PA
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120
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Non-CoVid related evictions

Dave S.
  • Investor / Wholesaler
  • Erie, PA
Posted May 8 2020, 07:12

Unless you are in some bubble, you should of heard about Covid and the impacts of shutting down the economy. Im not here to get into politics but wanted to get people's opinions and possible alternative solutions for the following matter.

Background: Tenants lived in my property for almost a full year. Come January they just stopped paying rent.. Figured out that their disability / SS just ended.. (whole other story which doesnt make sense to me.. wouldnt you know when this would of been expiring well in advance???)...My property manager filed for an eviction... We were one day away from the tenants getting escorted out of property and then Governor Wolf (PA) issued a "no eviction" policy.. ONE DAY AWAY!!!... That was in the beginning of March.. yesterday he just extended this policy to atleast July 10th.. 


What are my options? The eviction has NOTHING to do with Covid but Im being lumped together with all of it.. 

Are there alternate methods of getting the tenant out???

At this time is there any funding, that I would qualify for, to ease the pain of the additional expense?

Another frustrating point is that they just received atleast $2900 from the government.. They are both working and making money...will they use that to pay their rent, will they try to talk through a plan with me or the property manager to get back on course, will they reach out to get assistance themselves... probably not...whats wrong with tenants....COMMUNICATE.. we arent going to just forget that you owe rent and you are going to get a free ride 

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