Evictions Due to the Holidays
by Joe Killinger
CEO, theRRD.com
Many property owners/managers are struggling with the fact that during the holidays many tenants held back on paying their rent so they have extra money to buy gifts for their family, which in turn makes for a tough decision for the owner/manager. When an owner/manager is faced with a situation like this they have a few options, start an eviction (which nobody wants) or work out a payment plan with the tenant, most opt to work it out with the tenant and let them catch up but some do go ahead with an eviction as they feel the tenant will just do it again next year or others may follow in their footsteps.
I wanted to put together a list of options that may help alleviate any of these problems for the 2017 holidays.
- Have them add a little extra to each month’s rent so when the holidays roll around they are ahead of the game.
- Work out a plan where the holiday month is added to the end of their lease.
- Work out a payment plan over two or three months after the holidays, but be sure to add interest (reasonable).
We all know that evictions are a time consuming and costly expense, so a proactive approach may make 2017 even more joyous.
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