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Updated about 10 years ago,

User Stats

37
Posts
11
Votes
Bill Bell
  • Nags Head, NC
11
Votes |
37
Posts

Unemployed Tenants

Bill Bell
  • Nags Head, NC
Posted

Well, both tenants (married couple) are now unemployed and claim they have no income to pay rent.  The locality is a seasonal resort area, thus employment opportunities are challenging this time of year.  Thoughts on best approach to weather the winter and salvage something given a lease term which is set though March 2015?

Note, tenants pay utilities on the property, thus as long as they remain in residence, that expense remains off my books.  If they vacate, this time of year is challenging to find new tenants and risk of up to 3 month vacancy is quite a negative.

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