Need Advice- Tenants not paying - Washington State

[Brian Glasspoole]

Hello Everyone,

I have a SFR in WA state with tenants not paying. They had paid through August, but in September stopped and have not paid October either. My understanding is eviction is allowed only if selling in WA. The property is increasing exponentially because of semi rural location outside Seattle, so that is a blessing despite the circumstances.

Would you recommend selling the property at a substantial gain and trying to 1031 or just holding and riding it out with tenants not paying? I am worried WA state will prolog evictions indefinitely. 

Any advice links to pertinent info/podcasts are greatly appreciated. 

Thank You, Brian

[Sherief Elbassuoni]

@Brian Glasspoole, with Covid cases keep surging throughout the state, the moratorium is expected to keep getting extended (I heard some people say potentially till Mid-2021). 

It might be a good idea to reach out to them and offer cash for keys, or connect them with one of the renters' assistant programs.  If these two options did not work out, it might be a good idea to 1031 exchange it. 

I was having a non-paying tenant, but cash for keys worked out for me. Feel free to call or message if you have any other questions!

Thanks!