All Forum Posts by: Peter Kovachev

Thank you all for your advice and criticism, lesson learned (the hard way). I am working to find an amicable solution with the tenant and avoid the court system but feel that if it goes that route we are well protected by the lease which we have not breached in any way. 

The decision was a matter of opportunity cost, we have another rental currently in the insurance claims process due to a flood. We did not want two vacant properties at once and dealing with the renovation/claims process at the other house on top of full time jobs and other rentals we have a lot going on right now. We figured it would be better to have discounted rent than a vacant property and dealing with finding a new tenant which has certain costs associated with it from a time standpoint as well as a labor/turnover standpoint. Looks like that was the wrong call but have learned out lesson. 

Hello All, I am looking for advice and help with a problem tenant. His lease is up April 15th but I received an email the other day asking for a "break on rent" since his ex is suing him for "ungodly amounts of money", he has a baby on the way, and his biggest client just dropped him. I spoke to him in person and we agreed that he could have a $200 discount on rent for the next 2 months.

Later that night on instagram I find out he is on a plane to Vail to celebrate his daughters birthday. So basically he asked for help on rent but then goes on an expensive skiing trip with his fiance and 16 year old. I emailed him the next day to say that Ive changed my mind (never signed anything) and that rent will not be discounted because if you can afford a ski trip you can afford your rent.

Now he is threatening getting his lawyer involved and bringing up money he has spent on the house. Does he have any leverage here? What is the best thing to do when a tenant threatens with a lawyer?