Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
Collecting RUBS income
Hello BP Community,
This is my 2nd question regarding RUBS and I appreciate everyone for their help and feedback.
My question is if any multifamily operators have had issues collecting the RUBS payment and what type of recourse is there?
Of course I can deduct this from the tenant's security deposit but after a while, the balance of the security deposit will run out.
As I understand in California, I can't evict someone for non-payment of RUBS. Furthermore, I don't believe in CA that I can apply rent payment to a RUBS balance leaving a rent balance.
Any ideas or experiences?