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Updated about 4 years ago,
covid related late rent or partial payment
What policy or procedure are you using if your tenant won't be able to make rent due to being affected by covid in this second wave? This winter will be bad.
I have a tenant that informed me today Dec rent will be short and or late. If its wasn't for covid I wouldn't cut them any slack. These tenants have been great and I would like to keep them around. I know I'm going a bit soft due to xmas coming and being a caring person. After having dealt with covid for 5 weeks in my house already, l know the struggle is real for people. I am considering taking $300 off rent for this month and writing the loss off. But also telling them any future covid rent issues will be at the set discounted price. I know they are not taking advantage of me. She did offer to continue to repay but I think its just going to put them farther behind. My bottom line is if I can get the mortgage covered and its not sitting vacant, then I'm happy during this pandemic. I tried searching but only found post around April and people playing the stimulus card and now that's re-relevant.