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Updated about 4 years ago on . Most recent reply

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Stanley Drew
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Abuse of covid regulations

Stanley Drew
Posted

Dialysis Dr seems to be abusing the covid regulations. I would have dealt with him sooner, but had a partner prior to covid. He has used his security deposit and hasn't paid rent for January. His rent is always late over the years and has gotten worse. He is requesting that his lease be renewed, but it doesn't expire until may. I believe he held this months rent after he didn't get the renewal right now. I am planning to sell after dealing with this guy and feeling like my hands are tied. If I tell him my plans to sell, I expect that I will not see any rent after that. He was tipped off however when I informed him that he was responsible for unapproved work he did to the property. An unfinished shed, a deck and bar. I suspect he will leave that undone also. Can anyone offer any suggestions?

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Adam Martin
  • Rental Property Investor
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Adam Martin
  • Rental Property Investor
Replied

At least he is a Dr. in a very specialized field so he should be fairly easy to track down to garnish wages.  I would tell him that you will reconsider a lease extension closer to renewal but that is going to be dependent on him staying current and getting his security deposit back to where it needs to be.  You don't list your location however holdover evictions seem to be the key vs. trying for non payment of rent so I wouldn't loose that to keep your options open.  At the end if you decide you are going to sell give him the required notice but who knows maybe they will straighten up and you'll decide you want to keep them.  If you do though I'd just stay M2M it provides you more protection and can be spun that you are giving them more flexibility.  

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