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Karl Kauper
  • Investor
  • Tinton Falls, NJ
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Laid-Off Tenant in Euclid, Ohio

Karl Kauper
  • Investor
  • Tinton Falls, NJ
Posted

Good morning,

I’ve owned a MF in Euclid, Ohio for a few years but just recently started to self-manage it. I have one tenant behind on rent because he was laid off recently. What can I do to help him (and help me) for him to be in a position to be able to pay his rent? Any government programs available? Any other suggestions? Thanks.

- Karl

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Jimmy Lieu
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Real Estate Agent
  • Columbus, OH
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Jimmy Lieu
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Karl Kauper:

Good morning,

I’ve owned a MF in Euclid, Ohio for a few years but just recently started to self-manage it. I have one tenant behind on rent because he was laid off recently. What can I do to help him (and help me) for him to be in a position to be able to pay his rent? Any government programs available? Any other suggestions? Thanks.

- Karl


Hi Karl, see if you can work out a temporary payment plan or partial rent arrangement. You can encourage them to apply for unemployment benefits if they haven't already. They can also look into local workforce development programs that might help them find new employment quickly. Also check with Cuyahoga County Office of Homeless Services. Just make sure to document everything and keep communication open. Happy to connect and answer any questions you may have.

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Jimmy Lieu, Swiss Realty Group
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