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Updated over 3 years ago on . Most recent reply

User Stats

125
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47
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Dan L.
  • Rental Property Investor
  • Albany, NY
47
Votes |
125
Posts

Tenants Having a Hard Time

Dan L.
  • Rental Property Investor
  • Albany, NY
Posted

With the stimulus and tax money running out... It seems to me that tenants are no longer able to afford the high level of rents they used to pay. Or at least they are choosing not to pay. I think they got used to spending all sorts of money, and when they have to cut back, they want to cut back on rent. And by cut back on rent, I mean not pay rent.

I'm talking about tenants who throughout the pandemic regularly still paid rent, just all of a sudden I have realized more are struggling. I'm thinking with the stimulus money they got expensive cable television plans, expensive phone plans, etc thinking the money will never run out and now that it has... We landlords are taking the hit.

Has anyone else noticed this?

Most Popular Reply

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2,458
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Lynnette E.
  • Rental Property Investor
  • Tennessee
2,400
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2,458
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Lynnette E.
  • Rental Property Investor
  • Tennessee
Replied

I see some that do not want to pay rent now because they know that the free $ has moved to rent relief, so they have to stop paying their rent to get that pot of money...and for my renters they had a problem getting that rent relief because their salary and hours has actually increased over time, no COVID loss of income.  They were denied!  So, what to they do?  like any reasonable grifter, both quit their job and went to work hard on getting her knocked up.  Lots of money in that, so they think--$300 a month!  And now with a loss of income they want to qualify for the rent relief.  So they asked to do the rent relief form again.  Yep they told me all thins!

Just for their case, I really want the payments for the child tax credit to go away.  I really want them to have a kid with out the extra $.  And yes, it took 2 months, but she is with child!

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