tenant issues

Performance Property Real Estate Question

What To Do If A Good Tenant Stops Paying?

Q: Gerald.  My tenant missed a rent payment–he’s a good tenant and he’s always paid on time.  He’s only 5 days late, but I’m worried. What should I do? Curt, Washington, DC A:Great question, Curt.  Should you give more slack to a good tenant?  Hell yeah, you should! Why? It’s not just for sentimental or to maintain good Karma reasons–although I have no problems with letting those things enter your mind. Remember my 1st real estate commandment: ”Real estate is more about people than it is about bricks & mortar.” (You can check out my other real estate commandments here: As CS Lewis said, “In our hearts we all know what’s right.” There’s nothing wrong with having empathy as a […]

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