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Updated over 3 years ago,

User Stats

214
Posts
234
Votes
Nate R.
  • Real Estate Investor
  • Austin, TX
234
Votes |
214
Posts

Non-paying tenant in turnkey due to CDC

Nate R.
  • Real Estate Investor
  • Austin, TX
Posted

Is anyone else dealing with this? 

I purchased a turnkey property in Jacksonville through a well-known company that has been discussed many times on BP and haven't received rent. It appears the tenant had enough to pay the first month rent and security deposit, then stopped making payments in April. There was a story about how they were shot and in the hospital (which happened after they were late), now they're claiming to be affected by Covid-19.

This company offers a rent guarantee. They wanted to see how it played out (could they work out a payment plan?), but it's becoming clear this tenant will continue to take advantage of the CDC eviction moratoriums as long as they are in place.

The eviction moratorium was just extended again, despite a federal judge ruling it unconstitutional. There seems to be no end in sight to this unfair situation.

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