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Updated about 4 years ago,
How the eviction moratorium screwed up one of my tenants
Last year, I bought a house from another landlord with tenants already living in there. It's a family. Their rent was actually about 20% below market price for a house that size. But whatever, I continued to honor their lease.
When the eviction moratorium came, they stopped paying. I knew they were still working and fully capable of paying. More on this later. I reached out to them and they said the government order said they didn't have to pay rent. I tried to explain to them that that's not how it works. But they didn't listen.
I waited until their lease ran out. That's a total of 5 months unpaid rent. I gave them a letter stating I was not renewing the lease. Filed for eviction. Eventually, I got a call from them offering to pay me IN FULL rent for the all the months they missed if I sign another lease with them at the same price.
I said "No".
You get how this is worse than if they were unable to pay, right?
Soon, I will have my employees evaluate the house and will decide what (if any) we will work on before renting it out again at market price. It's a 3 bedroom single family house in a desirable area. I have no doubt at all I can rent it out in a heart beat.
Oh, by the way damage hearing is coming up. Will garnish their wages and move to seize assets. I normally let it go. But with this particular case, I'm not playing around.
Anyone else are going through or have gone through similar situation? I don't understand why some people think an eviction moratorium meant they don't have to pay rent even if they could.