Ray From Cleveland
Diamond Member
- Aug 16, 2015
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OK.
Riddle me this.
Govt to end moratoriums on evictions and foreclosures
25 of your 60 units have not paid rent for 15 months, that over $562k in revenues.
Made enough to pay the help, utilities, etc., but not the mortgage.
Government will reimburse you your losses so you can pay your mortgage...
Do you take the money?
Stand by your beliefs or
Recognize that government CAN be a positive influence?
Of course landlords will take money that's owed to them. The point I make is that taking the money does not stop them from evicting the tenant. It does not stop them from suing the tenant for interest on that money owed. If I had a tenant that I knew could pay, but didn't taking advantage of this stupid regulation and they owed me $15,000, I'd wait to get the $15,000 check from the government and then throw them out.