2 ms·
As with all things, it depends on the situation. If you own a rental property outright, you'd be keen to keep good tenants -- people that took care of their ho
by donw 6y ago
As with all things, it depends on the situation.
If you own a rental property outright, you'd be keen to keep good tenants -- people that took care of their homes, nominally paid their rents on time, all that. Covid or otherwise, you'd be smart to cut those folks some slack if they went through rough times.
On the other hand, if your rental property is mortgaged, you need that cashflow -- not only because it's your income, but also because you're shouldering the risk for the loan. If you go under, it's not like the bank is going to let those tenants just sort of live there after repossession.
There really isn't a universal rule that makes sense in all scenarios.