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Updated almost 5 years ago on . Most recent reply

tenants vs landlord vs mortgage companies
I'm new to Bigger Pockets and I only own one property so im sure I won't get a lot of attention but even one reply would be appreciated. I'f we have tenants who either lost their jobs or just flat out refuse to pay rent during these times should us landlords continue to pay our mortgage on time? what assistance should we be seeking to keep from digging ourselves in a deeper financial hole?
Thanks for reading, Zack
Most Popular Reply

Your mortgage is contract between you and the loan holder .You dont pay , you lose the house and trash your credit . The fact the tenant isnt paying is between you and the tenant . Its called investing , there is risk . But as a smart landlord you have 6 months of reserves to cover situations like this , so you are fine .