General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago on . Most recent reply

Tenant informed me of loosing job
Hi everyone, I have a pretty good tenant who has been paying rent without any problems for 8 months. He just informed me that he got laid-off as something that I should be aware of. He is a very responsible person and I am sure he is actively looking for a new job, but I doubt he can pay the rent if he doesn't have a job. My question is, is there something I should start doing pro-actively? Should I be asking him if he found a new job or just wait?
Most Popular Reply

Tenants lose jobs and get new ones if they want to. There is a shortage of staff most places. Rent is still due, once they fall behind it is hard for them to catch up.