Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 10 months ago on . Most recent reply

User Stats

17
Posts
0
Votes
Ash Gowda
0
Votes |
17
Posts

Tenant just requested for Rental assistance program, good or bad

Ash Gowda
Posted

Hello  , One of our tenants just requested to fill in landlord paperwork for the Rental assistance program. Is this a good thing about the tenant or is it ok. They have been good all along the Covid season but now they are requesting for this assistance.

Can you please advise if this is Ok and what process we need to follow/comply as landlord during this process ?

Also if approved would the assistance help for the entire rental amount ?

Thanks

Most Popular Reply

User Stats

28,123
Posts
41,158
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,158
Votes |
28,123
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Originally posted by @Ash Gowda:

Hello  , One of our tenants just requested to fill in landlord paperwork for the Rental assistance program. Is this a good thing about the tenant or is it ok. They have been good all along the Covid season but now they are requesting for this assistance.

Can you please advise if this is Ok and what process we need to follow/comply as landlord during this process ?

Also if approved would the assistance help for the entire rental amount ?

Thanks

There's nothing wrong with a tenant requesting assistance as long as they are communicating with you and making the effort to keep up on rent and responsibilities. 

Will they get the full amount? That depends on who they apply with and how much they are approved for. The Emergency Rental Assistance Program has a ton of money still available and they are granting people up to the full amount of unpaid rent AND up to three months of future rent. One of my tenants was fully caught up, but they were still awarded three months of future rent. Two weeks later they received a notice saying they could qualify for more. They applied again and received another three months of future rent even though they haven't used the first three months yet! That's six months of free rent (thanks to the tax-payers and a government that loves to be generous with other people's money).

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
167 Reviews

Loading replies...