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Updated about 6 years ago on . Most recent reply
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Great tenant is struggling to make rent due to Gov shutdown
We received a letter from our tenant (a great tenant so far) and they are concerned about making full rent in Feb as one of them has been furlowed by the govt shutdown. I appreciate their proactive letter and they have never been late. I am curious if others are seeing this and how others will handle it.
I have always heard to Not accept partial payment and to be firm but in this case the job is stable and at some point the gov will resume. I don't want to lose the tenant but I want them to make paying rent a priority when his job resumes.
Look forward to your feedback.
Most Popular Reply
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@Justin Brown figure out what an eviction, repairs to get the property ready, and the time and cost to replace the tenant will be, and decide which is the best business decision. People get emotional about things like this, and step over a dollar to pick up a nickel. Just like any business, its usually cheaper to keep an existing customer or employee, than to acquire new ones.