All Forum Posts by: Renata Shoimer

Contemplating buying in Bucks County PA. I want to purchase more rental properties but an worried that the market is over-inflated. The last time I bought at a high (in 2005), I held on long term but still ended up selling at a loss 9 years later. Is it worth it to wait until the market corrects itself? 

Hi everyone. I own rental properties in Philadelphia,  PA. I've already had tenants contact me telling me that they've lost their jobs and can't pay. I advised them to file for unemployment and resume payments ASAP. Honestly, with an extra $600 per week being provided now, my tenants in Philly will be able to collect up to $1200 per week. Why would they then not be able to pay $1300 per month for rent, especially with multiple adults on unemployment? I don't want to give them a free pass to shirk their responsibilities to pay just because the government says we can't evict now.

Are we still able to charge late fees if they can't show economic need? Does anyone know what to do in this case or have any suggestions?