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.
General Landlording & Rental Properties
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 over 1 year ago,

User Stats

14
Posts
4
Votes
Lili Garcia
  • Lancaster, CA
4
Votes |
14
Posts

Unpaid rents, considering cash for Keys advise needed

Lili Garcia
  • Lancaster, CA
Posted

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!

Loading replies...