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Updated over 4 years ago,

User Stats

115
Posts
22
Votes
Marita Jojo
  • Rental Property Investor
  • Philadelphia, PA
22
Votes |
115
Posts

Tenants not paying should I close it this week

Marita Jojo
  • Rental Property Investor
  • Philadelphia, PA
Posted

I am looking to close an apartment building that has 20 units this week. At this point the as per the owner 8 units haven’t paid rents for the last 2 months. The rent for the other units is also atleast $200 below market rent but the worry is with unending COVID situation I might not be able to raise rents or do evictions. What happens if the evictions only open in 2021 ? Will we be ever able to recover the rents ?

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