Do you suggest that I use them as guarantors for this situation?

This can help with limiting the time your unit sits vacant.These situations can get tricky, but I always recommend staying level headed during your interactions with the tenant.The worst case scenario is the tenant ends up unhappy that you don't want them to break the lease early and/or they don't want to pay for an early lease break (hopefully defined in your lease agreement with them) and ends up damaging your property, costing more, prior to their actual move out date.

After 99 Cents Only filed for bankruptcy in April 2024, 28 stores in Phoenix closed, leaving 632,900 square feet of prime retail space available.

It also depends on the situation sometimes a HELOC is warranted for short term financial needs so long as you have a plan to get back in the same or better financial position afterwards and the "means," and "will," to carry out this financial or mortgage plan- HELOC's are typically full documentation qualifying loans so you'll need actual income to qualify whether it be from pension, insurance, rental's, etc that are all fully documented on taxes, W2's, 1099 forms, etc.

Since we don't have all of the details about your business partner's situation and the types of properties you own I've assumed LTR.

Congrats - do you ever think you'll expand a buy a true standalone STR of just happy with this current situation?

I find myself in a similar situation.

Tough situation man.

Only thing I can think to do is call Vrbo or Airbnb and explain the situation and see if they would allow you to create another account that maybe isn't active to use until the other accounts are shut down?

@Manuel Reza - $99 was the only fee I had to pay so it was worth it for me and my unique situation.