General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
A Great Tenant Can’t Make Rent
Help! I have a great tenant that has been with us for about 2 years. She is currently locked into a lease, but she will be $900 short on rent this month and she says it is getting harder to pay every month.
She has never been late or given issues before she takes GREAT care of the property. I really don’t want to lose her!
What are my options??
Quote from @James Hamling:Jesus dude. Have you not read any of my other responses? She’s been with us for two years and takes better care of the place than any of my other tenants. Turns out that it’s not that she can’t pay, but wants to buy her own place. Christ BP is a joke.
Quote from @Account Closed:CORRECTION: She's a HORRIBLE tenant! Full-stop!
Help! I have a great tenant....
....she will be $900 short on rent this month and she says it is getting harder to pay every month.....
She has never been late or given issues.... (blah, blah, insert bleeding heart here, blah, blah....)
Tenant's have 2 job's, TWO:
1- Pay-You're-RENT!
2- Follow the Rules.
So a tenant who doesn't pay is a "Great Tenant"....
If you want to run a charity by all means run a charity but don't speak such insanity that letting customers STEAL is ok, it's not. A person goes to fuel station, pumps 20 gal of gas but only has $ to pay for 5gal, what happens????
#3 Real Estate News & Current Events Contributor
- Real Estate Broker
- Minneapolis, MN
- 5,078
- Votes |
- 3,929
- Posts
#3 Real Estate News & Current Events Contributor
- Real Estate Broker
- Minneapolis, MN
Quote from @Account Closed:
Quote from @James Hamling:
Quote from @Account Closed:
Help! I have a great tenant....
....she will be $900 short on rent this month and she says it is getting harder to pay every month.....
She has never been late or given issues.... (blah, blah, insert bleeding heart here, blah, blah....)
Tenant's have 2 job's, TWO:
1- Pay-You're-RENT!
2- Follow the Rules.
So a tenant who doesn't pay is a "Great Tenant"....
If you want to run a charity by all means run a charity but don't speak such insanity that letting customers STEAL is ok, it's not. A person goes to fuel station, pumps 20 gal of gas but only has $ to pay for 5gal, what happens????
Well heck Cameron, let's really get things fixed up here because tell ya what, I'm more then happy to rent any/all of your properties and I'll be an even greater tenant; I'll happily strive to pay you half of your rents because, well as chance has it I'm also saving up to buy another place, always, lol....
And ah, yeah, I'll keep em in excellent condition to. I mean, I'm gonna rent em and take full rent's but hey, long as I'm almost paying your rent it's ok, right.
#4 All Forums Contributor
- Plymouth, MI
Quote from @Account Closed:
Quote from @James Hamling:
Quote from @Account Closed:
Help! I have a great tenant....
....she will be $900 short on rent this month and she says it is getting harder to pay every month.....
She has never been late or given issues.... (blah, blah, insert bleeding heart here, blah, blah....)
Tenant's have 2 job's, TWO:
1- Pay-You're-RENT!
2- Follow the Rules.
So a tenant who doesn't pay is a "Great Tenant"....
If you want to run a charity by all means run a charity but don't speak such insanity that letting customers STEAL is ok, it's not. A person goes to fuel station, pumps 20 gal of gas but only has $ to pay for 5gal, what happens????
#4 All Forums Contributor
- Plymouth, MI
You probably should have worded your question differently. What you should have said was, "I have a tenant that's been with me for 2 years. She takes really good care of the place, but she's going to be 900 short this month, and states she's having a hard time making rent every month" What should I do?". Notice I left the word "great" out of the question.
If I restated your actual question, it would read like this: "I have a tenant that I've had for 2 years that takes really good care of the place. Unfortunately, I have to pay 900 of her rent this month, and I find out I've come close to having to come up with part of her rent for a number of the previous months. What should I do?" Notice the word "great" is still missing.
A "great" tenant is one that pays on time. Treat the rental as a business. As a broker specializing in rental properties for the last 20+ years the worst stories I have heard came from landlords who became friends with their tenants.
It is important to keep the landlord-tenant relation as business only. It will be less of a heartache in the future.
Quote from @James Hamling:
Quote from @Account Closed:
Quote from @James Hamling:Jesus dude. Have you not read any of my other responses? She’s been with us for two years and takes better care of the place than any of my other tenants. Turns out that it’s not that she can’t pay, but wants to buy her own place. Christ BP is a joke.
Quote from @Account Closed:CORRECTION: She's a HORRIBLE tenant! Full-stop!
Help! I have a great tenant....
....she will be $900 short on rent this month and she says it is getting harder to pay every month.....
She has never been late or given issues.... (blah, blah, insert bleeding heart here, blah, blah....)
Tenant's have 2 job's, TWO:
1- Pay-You're-RENT!
2- Follow the Rules.
So a tenant who doesn't pay is a "Great Tenant"....
If you want to run a charity by all means run a charity but don't speak such insanity that letting customers STEAL is ok, it's not. A person goes to fuel station, pumps 20 gal of gas but only has $ to pay for 5gal, what happens????Well heck Cameron, let's really get things fixed up here because tell ya what, I'm more then happy to rent any/all of your properties and I'll be an even greater tenant; I'll happily strive to pay you half of your rents because, well as chance has it I'm also saving up to buy another place, always, lol....
And ah, yeah, I'll keep em in excellent condition to. I mean, I'm gonna rent em and take full rent's but hey, long as I'm almost paying your rent it's ok, right.
A bunch of cynical bas tards. I don’t need this man. I’ve been doing fine on my own. Peace!
Quote from @Joe Villeneuve:
You probably should have worded your question differently. What you should have said was, "I have a tenant that's been with me for 2 years. She takes really good care of the place, but she's going to be 900 short this month, and states she's having a hard time making rent every month" What should I do?". Notice I left the word "great" out of the question.
If I restated your actual question, it would read like this: "I have a tenant that I've had for 2 years that takes really good care of the place. Unfortunately, I have to pay 900 of her rent this month, and I find out I've come close to having to come up with part of her rent for a number of the previous months. What should I do?" Notice the word "great" is still missing.
Wtf? When did I say I was paying her rent hahah! Whatever. I’m deleting BP. Looks like a massive circle jerk!
#3 Real Estate News & Current Events Contributor
- Real Estate Broker
- Minneapolis, MN
- 5,078
- Votes |
- 3,929
- Posts
#3 Real Estate News & Current Events Contributor
- Real Estate Broker
- Minneapolis, MN
Quote from @Joe Villeneuve:
Quote from @Account Closed:
Quote from @James Hamling:
Quote from @Account Closed:
Help! I have a great tenant....
....she will be $900 short on rent this month and she says it is getting harder to pay every month.....
She has never been late or given issues.... (blah, blah, insert bleeding heart here, blah, blah....)
Tenant's have 2 job's, TWO:
1- Pay-You're-RENT!
2- Follow the Rules.
So a tenant who doesn't pay is a "Great Tenant"....
If you want to run a charity by all means run a charity but don't speak such insanity that letting customers STEAL is ok, it's not. A person goes to fuel station, pumps 20 gal of gas but only has $ to pay for 5gal, what happens????
I think the O.P.'s thin skin defensiveness prevented from noticing the core to all this;
The issues come from getting personal or personalizing.
This is the root cause to so many landlord headaches and nightmares.
Getting personal and personalizing.
His feelings were hurt so he left!
As I stated in many other posts, the climate of this forum now has an extensive degree of real estate professionals taking time out of their busy business lives to literally waste it.
If its not newbies who want to get rich quick and never return to read the answers, or people who are butt hurt because a response didnt make them feel good.
To all this isnt getting old to, I commend you!
Sigh
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
- 16,089
- Votes |
- 10,239
- Posts
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
The rising cost of pretty much everything is straining budgets, especially of your working tenants.
I see "it is getting harder to pay every month" becoming more common. Have strong reserves out there.
#4 All Forums Contributor
- Plymouth, MI
Quote from @James Hamling:
Quote from @Joe Villeneuve:
Quote from @Account Closed:
Quote from @James Hamling:
Quote from @Account Closed:
Help! I have a great tenant....
....she will be $900 short on rent this month and she says it is getting harder to pay every month.....
She has never been late or given issues.... (blah, blah, insert bleeding heart here, blah, blah....)
Tenant's have 2 job's, TWO:
1- Pay-You're-RENT!
2- Follow the Rules.
So a tenant who doesn't pay is a "Great Tenant"....
If you want to run a charity by all means run a charity but don't speak such insanity that letting customers STEAL is ok, it's not. A person goes to fuel station, pumps 20 gal of gas but only has $ to pay for 5gal, what happens????
I think the O.P.'s thin skin defensiveness prevented from noticing the core to all this;
The issues come from getting personal or personalizing.
This is the root cause to so many landlord headaches and nightmares.
Getting personal and personalizing.
#4 All Forums Contributor
- Plymouth, MI
Quote from @Account Closed:
Quote from @Joe Villeneuve:
You probably should have worded your question differently. What you should have said was, "I have a tenant that's been with me for 2 years. She takes really good care of the place, but she's going to be 900 short this month, and states she's having a hard time making rent every month" What should I do?". Notice I left the word "great" out of the question.
If I restated your actual question, it would read like this: "I have a tenant that I've had for 2 years that takes really good care of the place. Unfortunately, I have to pay 900 of her rent this month, and I find out I've come close to having to come up with part of her rent for a number of the previous months. What should I do?" Notice the word "great" is still missing.
Wtf? When did I say I was paying her rent hahah! Whatever. I’m deleting BP. Looks like a massive circle jerk!
when you have negative cash flow, in other words, when your tenant can't pay the rent and you have to make up any difference in cost because of it, that's called "paying the rent for the tenant".
When the tenant admits to struggling to pay rent, it's inevitable that you will have to deliver a notice to pay or vacate. Discuss terminating the lease with the tenant and enter into a termination agreement for her to leave by a date certain. Find a tenant who can pay the rent and be a good tenant during the tenancy.
-
Attorney
Quote from @Bjorn Ahlblad:
Tenants who inform the LL that they walk around naked have been the death of many landlords I hear.
see if she can qualify for a section 8 voucher