Tenant not paying rent
I purchased a single family home just outside of Cleveland, Ohio. Solid B class area. The current tenant was very late on rent last month, and has not paid yet this month. My property manager informed me that the tenant was laid off and also had to get something taken care of for a heart condition. They said they expected to be back to work and will "make a payment" on the 22nd. With the eviction moratorium, and the general state of the world, I would like to work with the tenant and get things back on track. My concern is that once someone is late, they will never get caught up. How can I try to work with this tenant so that they can get caught up without eventually needing to file for eviction, and so that I am not left holding the bag for the mortgage payment and maintenance on the property?
Answers ( 2 )
On December 21, 2020, Congress passed a COVID-19 relief package, which included::Eviction Moratorium & Rental Assistance:
Provides $25b through September 30, 2022 for rental assistance. The monies will be allocated to states through the Department of Treasury.
States allocation will be based on population, no state will receive less than $200 million.
Allows landlords to apply for funds on behalf of tenants.
Includes payments for rent in arrears as well as utilities and "and other expenses related to housing."
States should prioritize families with incomes below 50% of area median income (but no set % of funds distributed is required).
Rental assistance will not be included in recipient's income for federal tax purposes.
Extends CDC moratorium through January 31, 2021.
https://www.cnbc.com/2020/04/02/coronavirus-small-landlords-struggle-as-renters-stop-payments.html tells a rather discouraging story. I thought there was help for landlords as well as tenants, but evidently not under the Trump "administration". Wait a few weeks to see what Biden does.