Tenants Having a Hard Time

[Dan L.]

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?