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Updated over 2 years ago on . Most recent reply

Non renewal to Sec 8 tenant
One of tenants who is on Sec 8 got the non renewal letter today in the mail annnnd as expected, she threw a fit and blame us investors for "buying everything up and kicking us out". Now alittle back story I purchased this duplex with tenants in them that have been paying at least 35% below market in rent so unfortunately I can't afford to keep them. Their lease expires in October which now gives them more than 2 months to find something AND I gave them the option if they found something before then, I'll gladly allow them to break their lease to move. Just makes me feel uneasy alittle thinking that someone feels like I'm making it personal. Just a little venting....
Any recent stories with you guys?
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- Real Estate Broker
- Cody, WY
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Quote from @Mo Maktari:
One of tenants who is on Sec 8 got the non renewal letter today in the mail annnnd as expected, she threw a fit and blame us investors for "buying everything up and kicking us out". Now alittle back story I purchased this duplex with tenants in them that have been paying at least 35% below market in rent so unfortunately I can't afford to keep them. Their lease expires in October which now gives them more than 2 months to find something AND I gave them the option if they found something before then, I'll gladly allow them to break their lease to move. Just makes me feel uneasy alittle thinking that someone feels like I'm making it personal. Just a little venting....
Any recent stories with you guys?
It's life. I'm not happy that gas is 2.5x higher than it was two years ago, but I don't stand at the gas station screaming at the lady behind the counter who's trying to support two kids. Individual Landlords don't control the market; we just offer our product at what market supports.
Maybe if she spent that energy on pursuing a better job...
- Nathan Gesner
