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Updated over 3 years ago,

User Stats

43
Posts
15
Votes
Ryan Miller
  • Rental Property Investor
  • Albany, NY
15
Votes |
43
Posts

Tenant owes back rent from COVID. How to help?

Ryan Miller
  • Rental Property Investor
  • Albany, NY
Posted

What have a tenant within a four unit who had voiced concern about continuing to make rent payments during the pandemic. We provided them a reduced rate which equated to a nominal debt of $500. Obviously, we have considered both forgiving the debt and increasing their current rent to make up for the short fall. However, I remember seeing an article on rent relief for landlords that would be sparked from paperwork filed by the tenant. In this instance, I think this would work well as we maintain a very positive relationship with our tenants and this one in particular was appreciative of our approach. Does anyone have information regarding this process? We live in New York State.

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