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Updated over 3 years ago on . Most recent reply

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23
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Quan Chau
  • New to Real Estate
  • Virginia Beach
8
Votes |
23
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Rent due date change

Quan Chau
  • New to Real Estate
  • Virginia Beach
Posted

Hi guys!

I have a SFR and my tenant wants to change the rent due date because of COVID. The tenant was paying rent on time at the height of COVID last year, but now is saying she wouldn't be able to pay on the 1st because of COVID hardship. She gave me an excuse that it was "her sister has COVID" and was not able to pay rent. Did not make any sense to me. Now she is saying because of her grandson starting school and she was not able to pay rent on time due to school supplies and she got reduced hours at work because of COVID cases rising again.

Should I make a change to the lease to change the rent due date to the 15th of the month? Or stick with the 1st of the month? I read Brandon Turners book on how to manage rental properties and one of the advices is to train your tenant so they make their rent a priority. I feel that if I change the due date then I’m giving the impression that their rent is not a priority.

Any advices or suggestions are greatly appreciated!

Most Popular Reply

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28,189
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41,293
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,293
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28,189
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

If you change them now, what's to prevent the tenant from changing them again later on?

Tell the tenant you'll give them an extra week in September to catch up but then you expect them to get back on track.

  • Nathan Gesner
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The DIY Landlord Book
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