Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

46
Posts
5
Votes
Michelle R.
  • Investor
  • Brooklyn, NY
5
Votes |
46
Posts

Commercial tenant in hospital on life support

Michelle R.
  • Investor
  • Brooklyn, NY
Posted

This morning I sent an email to a tenant who is late on November and December rent, with January coming due. I deposited their November rent check which came on 12/20 and it bounced. The email stated they must become current on at least November and December with a strict deadline. They had a previous bounced check as well. About 2 hours later I received a call from the tenant's son stating his father is on life support in critical condition. What is my next step? This is a dental practice which has only the one dentist, a hygienist, and receptionist working there. The tenant's home was sold at sheriff's sale several months ago. I checked Pacer and he has not filed bankruptcy as yet. His son is an attorney. We just bought this property six months ago and it barely meets the DSCR. We have never been in this situation before so I am hoping for some advice before I reach out to our attorney.

Loading replies...