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 over 5 years ago on . Most recent reply

Tenant’s Bank Account Seized by IRS
Tenant claims their bank accounts were seized by IRS and money was garnished for back taxes. A couple rent payments were already late. This will be the third time the rent is late since the money garnished was the tenant’s entire paycheck.
Any ideas what to do about this situation? Property is under management and I’m being asked how to respond. What are my options?
Most Popular Reply

Proceed with the same process you have for any tenant that does not pay rent in full or on time.