A Great Tenant Can’t Make Rent
Member since 2023 · 21 posts · 2 votes
Help! I have a great tenant that has been with us for about 2 years. She is currently locked into a lease, but she will be $900 short on rent this month and she says it is getting harder to pay every month.
She has never been late or given issues before she takes GREAT care of the property. I really don’t want to lose her!
What are my options??
If she's struggling now and says it is harder to pay each month, let her out of the lease without any penalty. She can then find a new place.
The other option is ask her if she wants to find a roommate and they can split the rent. If you do the latter, you need to screen the new person the same way you did the first person.
Help! I have a great tenant....
....she will be $900 short on rent this month and she says it is getting harder to pay every month.....
She has never been late or given issues.... (blah, blah, insert bleeding heart here, blah, blah....)
Help! I have a great tenant....
....she will be $900 short on rent this month and she says it is getting harder to pay every month.....
She has never been late or given issues.... (blah, blah, insert bleeding heart here, blah, blah....)
Well heck Cameron, let's really get things fixed up here because tell ya what, I'm more then happy to rent any/all of your properties and I'll be an even greater tenant; I'll happily strive to pay you half of your rents because, well as chance has it I'm also saving up to buy another place, always, lol....
And ah, yeah, I'll keep em in excellent condition to. I mean, I'm gonna rent em and take full rent's but hey, long as I'm almost paying your rent it's ok, right.
Help! I have a great tenant....
....she will be $900 short on rent this month and she says it is getting harder to pay every month.....
She has never been late or given issues.... (blah, blah, insert bleeding heart here, blah, blah....)
You probably should have worded your question differently. What you should have said was, "I have a tenant that's been with me for 2 years. She takes really good care of the place, but she's going to be 900 short this month, and states she's having a hard time making rent every month" What should I do?". Notice I left the word "great" out of the question.
If I restated your actual question, it would read like this: "I have a tenant that I've had for 2 years that takes really good care of the place. Unfortunately, I have to pay 900 of her rent this month, and I find out I've come close to having to come up with part of her rent for a number of the previous months. What should I do?" Notice the word "great" is still missing.
A "great" tenant is one that pays on time. Treat the rental as a business. As a broker specializing in rental properties for the last 20+ years the worst stories I have heard came from landlords who became friends with their tenants.
It is important to keep the landlord-tenant relation as business only. It will be less of a heartache in the future.
Help! I have a great tenant....
....she will be $900 short on rent this month and she says it is getting harder to pay every month.....
She has never been late or given issues.... (blah, blah, insert bleeding heart here, blah, blah....)
Well heck Cameron, let's really get things fixed up here because tell ya what, I'm more then happy to rent any/all of your properties and I'll be an even greater tenant; I'll happily strive to pay you half of your rents because, well as chance has it I'm also saving up to buy another place, always, lol....
And ah, yeah, I'll keep em in excellent condition to. I mean, I'm gonna rent em and take full rent's but hey, long as I'm almost paying your rent it's ok, right.
A bunch of cynical bas tards. I don’t need this man. I’ve been doing fine on my own. Peace!
You probably should have worded your question differently. What you should have said was, "I have a tenant that's been with me for 2 years. She takes really good care of the place, but she's going to be 900 short this month, and states she's having a hard time making rent every month" What should I do?". Notice I left the word "great" out of the question.
If I restated your actual question, it would read like this: "I have a tenant that I've had for 2 years that takes really good care of the place. Unfortunately, I have to pay 900 of her rent this month, and I find out I've come close to having to come up with part of her rent for a number of the previous months. What should I do?" Notice the word "great" is still missing.
Wtf? When did I say I was paying her rent hahah! Whatever. I’m deleting BP. Looks like a massive circle jerk!
Help! I have a great tenant....
....she will be $900 short on rent this month and she says it is getting harder to pay every month.....
She has never been late or given issues.... (blah, blah, insert bleeding heart here, blah, blah....)
His feelings were hurt so he left!
As I stated in many other posts, the climate of this forum now has an extensive degree of real estate professionals taking time out of their busy business lives to literally waste it.
If its not newbies who want to get rich quick and never return to read the answers, or people who are butt hurt because a response didnt make them feel good.
To all this isnt getting old to, I commend you!
Sigh
The rising cost of pretty much everything is straining budgets, especially of your working tenants.
I see "it is getting harder to pay every month" becoming more common. Have strong reserves out there.
Help! I have a great tenant....
....she will be $900 short on rent this month and she says it is getting harder to pay every month.....
She has never been late or given issues.... (blah, blah, insert bleeding heart here, blah, blah....)
You probably should have worded your question differently. What you should have said was, "I have a tenant that's been with me for 2 years. She takes really good care of the place, but she's going to be 900 short this month, and states she's having a hard time making rent every month" What should I do?". Notice I left the word "great" out of the question.
If I restated your actual question, it would read like this: "I have a tenant that I've had for 2 years that takes really good care of the place. Unfortunately, I have to pay 900 of her rent this month, and I find out I've come close to having to come up with part of her rent for a number of the previous months. What should I do?" Notice the word "great" is still missing.
Wtf? When did I say I was paying her rent hahah! Whatever. I’m deleting BP. Looks like a massive circle jerk!
When the tenant admits to struggling to pay rent, it's inevitable that you will have to deliver a notice to pay or vacate. Discuss terminating the lease with the tenant and enter into a termination agreement for her to leave by a date certain. Find a tenant who can pay the rent and be a good tenant during the tenancy.
Tenants who inform the LL that they walk around naked have been the death of many landlords I hear.
see if she can qualify for a section 8 voucher