Every once in a while a tenant gets behind on rent. Barring an obvious crisis (time in the hospital, etc.), I’ve found you can never let someone get past the point of being a month behind, because, no matter what the promises and intentions are, no matter how hard they try, it’s almost impossible to catch up. And when that happens, people take the path of ( what seems to them) least resistance: they move. Still owing rent.
Doubly unfortunate: December and January’s rents are the hardest to collect. People who already don’t have a reserve go over the edge with Christmas spending, and then reality hits on January 1st.
Two weeks ago a tenant asked me if he could “skip” December’s rent. I thought he was kidding. He wasn’t.
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