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Updated over 1 year ago,
Unpaid rents, considering cash for Keys advise needed
Hello,
I have a tenant that owes about $24,000 in past-due rent. Supposedly, is pending government assistance but is pending fund distributions. I can get about $2,500 in rent which is $900 more per month than I am getting now. Being that the amount owed is high, I don't see this being easy for the tenant to catch up. The tenant is not proactively arranging a payment plan, and I have not approached the subject since in LA County the tenants have until Feb. 2023 to pay back rent. I want to get the opinions of anyone who has done this before, what should I be aware of? The property is not under rent control (City of LA) but under state rent control. The tenant is current with the present month's rent. Thank you!