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How much rent
Would you be willing to let slide if you were a landlord under Covid?
Deep down inside, I know I am a good person. I want to be compassionate and really have no desire to put someone out on the streets, especially heading into the holiday season.
On the other hand, this is a business. I have taken huge financial risks, and dedicated thousands of hours of my life making this biz go . I have kept up on all my taxes, insurance, and all maintenance during this mess.
The one and only reason, I hang on to this nightmare of a business, is in hopes , that I will be able to financially set my family up , when I finally cash out .
I took over the biz 2 years ago, and this year, is the first year, we have ever made a real profit .
I have one tenant just starting to drift behind, sneaking up on 3 months. She works 2 jobs, but lost her second job due to covid.
From past experience, once they go 2 months , you are never getting paid .
The other, has not paid in over 6 months now . Says she contacted covid, a few months back, and lost her job . She was behind before this .
I am confident that I am not getting paid at all this year from her, and she will never be able to catch up .
I also see on FB, that she got a new puppy, and her boyfriend has moved in.
I am not sure what will happen with the eviction moratorium, but if it lifts after the first of the year, I have some tough decisions to make .
I'd like to hear how my pelican brothers feel about this .
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No left turn un stoned
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