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Bridgette Packer's profile image
Bridgette Packer's profile image
Bridgette Packer
  • Investor
  • from Boynton Beach, FL
  • Member since Mar 5, 2015

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Bridgette Packer's profile image
Bridgette Packer's profile image
Bridgette Packer
  • Investor
  • from Boynton Beach, FL
  • Member since Mar 5, 2015
Bridgette Packer
  • Investor
  • Boynton Beach, FL
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General Landlording & Rental Properties

Duplex receiving no COVID-19 rent

Bridgette Packer
  • Investor
  • Boynton Beach, FL
Posted

I have a duplex that with 2 cleaning ladies(and family) occupying either side. One of them pays rent every single month on time like clockwork. The other one is pretty good but usually have to prompt them. Neither one is able to pay as of now. The "good" tenet says she has funds coming so i think she will pay, but the other one is refusing to pay anything, even a little bit. Now of course I understand we are all in a tough situation, and i don't expect full rent out of them right now but I have a mortgage to pay! I can cut it for a couple months but not much longer than that. Thankfully both of them are on a month-to -month. Any advice for a novice?

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Jay Hinrichs's profile image
Jay Hinrichs's profile image
Jay Hinrichs
  • #1 All Forums Contributor
  • Real Estate Consultant
  • from Summerlin, NV
  • Member since Jan 29, 2014

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Jay Hinrichs's profile image
Jay Hinrichs's profile image
Jay Hinrichs
  • #1 All Forums Contributor
  • Real Estate Consultant
  • from Summerlin, NV
  • Member since Jan 29, 2014
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied
my advice to you is to ALWAYS have 6 months of reserves  if you cant pay your mortgage out of take home pay.
2 months is not near enough..
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