General Landlording & Rental Properties
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 3 years ago,
Bed bug situation, tenant is responsible but no $$$
Hey Folks, I have a situation I hope your brilliant minds can help with...
I have a tenant that brought a bed bug infestation to our property. The cost to treat is running about $1500. It has it in the lease that they are responsible for bed bug treatments. They can't afford it.
Speaking with my property manager we're trying to figure out how to handle it. She doesn't want to ammend the lease, which is what were leaning towards where the tenant can pay us back in increased rent. She wants us to do a promissory note, basically an unsecured loan, which I'm not a big fan of.
Any ideas of how to handle this?
Thanks!