Tenants taking advantage of my kindness

[Emmanuel Rosario]

I closed on a duplex in Jersey City On June 1st with a FHA loan. My first property! First off thanks to BiggerPockets - if it wasn't for BP, I would of still been a wannabe Real Estate Investor.

I was planning on occupying on the second floor unit.

I recently loss my job due to COVID. Therefore, financially it only makes sense for me to turn this property into a full rental because it will then cash flow positive and can give me a cushion to fall back on in case I am not employed again soon.

There are Tenants on the first floor property whose lease is up Feb. 2021. They are late with June’s rent payment. They claim that they are having issues due to lack of work because of COVID and the protests. They made two “promises” that they will make the payment (or at least a partial payment) by a given date. I have been very lenient , mainly due to my inexperience and the current situation.

If this were you, what would you do?