This past year they have started paying rent late to the point where the total accumulated time is about 3 months of back rent due.

This market is already difficult.

This gives investors some time to complete a rollover and, in some rare cases, can be used as a source of short-term liquidity.Unfortunately, inherited IRAs are not treated as your own and do not fall under the 60-day rule.

This is an incredible community to call home!

Of course values fluctuate and this is over a long period of time.What LA and NY also have that other markets may not is high paying jobs mixed with no land to build more housing.

Thanks to OP for this post!

@Sidney Johnson just make sure that your finances and relationship are in a good place to attack this from a position of strength.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

@Bruce Lynn Hey Bruce thanks for this advice.

While this suggests that inflation is proving stickier than anticipated, it remains well below the peaks seen in 2022 and 2023.