General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
General Landlording & Rental Properties
presented by
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Dealing with Non paying tenants due to Covid 19
One of my tenant has owed 3 months of rent now. They paid some to their arrears when they have money but It’s so far behind, even when they get their job back (blue collar) they wont be able to pay their arrears in full anytime soon, esp with Covid is spiking again.
What are my options here? My PM suggested to offer them a 2 months period to find another place to move out with their written consent that they cant afford the rent and need to break the lease. Is that a reasonable approach compared to eviction? Thanks