General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
Tenants falling behind
Do you ever let good tenants (keep units in good shape, get along with people etc) fall behind in rent without doing evictions when you have many units? For instance the cost of a turnover usually is a few thousand, plus legal costs and potential heat payment over winter. Good tenant changes jobs and falls behind a month and half. Makes payments but you realize cost of turnover exceeds the 1500 or so you are owed? You keep them in the unit. Obviously you have to be selective in doing this and can't do it too often...