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Updated almost 5 years ago on . Most recent reply

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16
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Yuhei Kato
2
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16
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What is are land lords trying to do when renters are not working

Yuhei Kato
Posted

I have renters that are affected by the virus and they are not working. What are landlords trying to do to pay the mortgage if renters can’t pay.

I thought of seeing if they can pay at least half then I would pay the other half but I have no guaranteed they can pay me back when things get better. Any advice would be helpful. 

Most Popular Reply

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236
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Jack V. Ospina
  • Real Estate Broker
  • Miami, FL
99
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236
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Jack V. Ospina
  • Real Estate Broker
  • Miami, FL
Replied

@Yuhei Kato When you wrote the lease with your tenants you should've asked for First, Last and Deposit and properly screened the tenants before they are allowed to move in. If this is the case you would be able to apply the last months rent to the April rent which is what I did with one of my tenants. If this is not the case then yes ask them if they can pay anything because anything would help you at this point and have it in writing that they owe you X amount for the April or May rent. Also I would call the bank and let them know you are having difficulties due the corona virus and typically they will be able to defer the payment for a few months. Good luck!

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