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32
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Michael Fitts
  • Rental Property Investor
  • Saratoga Springs, NY
27
Votes |
32
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Helping My Tenants During Tough Times

Michael Fitts
  • Rental Property Investor
  • Saratoga Springs, NY
Posted

I, like many people, have tenants who have been impacted by the pandemic. For one couple that rents from me, the wife was just laid off and the husband thinks he is likely to suffer the same rather soon. They contacted me and asked if we can work something out on the rent because it will be difficult for them to make the rent payments. I'm looking at different ways to help them out financially to where they can defer payments on some of their bills now and pay more later. We've already discuss a decrease in rent for the next month to keep them above water. Does anyone know of part time or virtual jobs they may be able to take on? I want to help them as best I can to keep a good tenant/landlord relationship.

Most Popular Reply

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1,369
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Patrick M.
  • Rental Property Investor
  • Red Bank, NJ
1,765
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Patrick M.
  • Rental Property Investor
  • Red Bank, NJ
Replied

@Michael Fitts That is good on you.

Personally, I think I would stop short of trying to locate them work. Unless it was a job only I knew of...

They sound like motivated people and unfortunately their best bet may be unemployment Insurance for now.

You are doing them a tremendous service by working with them- do not frustrate yourself trying to find jobs that don't exist right now. If they are there- they will find them!

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