We can also offer cash-for-keys to recover possession of a home.For those tenants that claim they can’t pay rent due to a job loss, we are asking them to support their claim by providing the following:A layoff notice or similarTheir unemployment claim statusAny unemployment benefit award(s)Current bank statement to prove no employment-related deposits or unemployment benefit paymentsWe’ve updated our rent collection numbers through May 15, with the results compared to April 15 below:At this time, that is about all we can do.

He came by the house on the 1st to collect rent, I explained that it is certain i will be leaving at the end., Later at work(Nightshift) the gov released the update early hrs of the 2nd, and I sent my notice in ([email protected]).

Taxes ~$4k per year (hopefully can bring down as buying under assessed value).Currently has “long term tenants” paying $1150/moI’m going to be using management so their fee is 10% collected rent plus 1 month for placing a new tenant.

@Brian BriscoeI would rather collect payments long term then take the lump sum.

The landlords during covid that didn't collect rent for 6 months ,the tenants would have to stay for 300 months to average 2%.

Not collecting rent for a few months just means you don't have rental income for those months. 

Do nothing and keep collecting the rent checks.

For collecting rent/applications use COZY it's free and an awesome service.

The landlords that can't collect for 6 months. 5% vacancy is 1 turnover every 20 months.

Always do a background/credit check, call their last two landlords, collect a security deposit, have a formal lease, call their employer to verify income and to get an idea of how they perform at work and be extremely clear in your standards.