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Updated over 4 years ago on . Most recent reply

User Stats

20
Posts
6
Votes
Bob Houston
  • Real Estate Investor
  • Forney, TX
6
Votes |
20
Posts

Tenant "may not be able to pay rent"

Bob Houston
  • Real Estate Investor
  • Forney, TX
Posted

Lease is going to expire next month.

Got a text asking us to lower rent. We said we would not raise it, even though taxes went way up.

They said they are not sure if they can continue to make rent (guy lost his job due to covid).

Need advice as to how to handle.....

1. Do not renew lease?

2. Go month to month?

3. ????

Most Popular Reply

User Stats

3,790
Posts
4,454
Votes
Cody L.
  • Rental Property Investor
  • San Diego, Ca
4,454
Votes |
3,790
Posts
Cody L.
  • Rental Property Investor
  • San Diego, Ca
Replied

Tenant:  "I may not be able to pay rent"
Me:  "I may not be able to provide you with housing"

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