Strategies to deal with your rental property and the Tenant Protection Act
George Lorimer
Thursday, February 11, 2021
It seems that most of the aid goes towards tenants and landlords and investors should "figure it out". The problem with this is landlords have expenses too. Not only are they not getting rent or possession of their property, but they are also incurring mortgage expenses, property taxes, insurance, and maintenance expenses.
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I am hearing that more and more tenants are not paying rent and aren't giving the owners the property possession. The Tenant Relief Act was extended through June 30, 2021.
If you withdraw your property from the rental market by moving into it or selling it to a buyer who will move into it, you can start a "No-Fault" termination of tenancy. There are a bunch of rules and specifics so if you would like some more information on this call/text Goerge Lorimer at 619-846-1244.
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