After gouging the poor in her run down and roach infested slum properties for years, a rich land"lord" gets what’s coming.
on a more serious look, this tenant got the money to pay the rent, and also recieved all of the covid relief possible, and, she and her husband either collected enhanced ue benefits and/or covid sick pay so they could pay their bills the entire time.
My gf works in that bususness…Her bosses own 40-50 buildings in the Albany area, higher end buildings…Out of around 300 units only 6-7 are abusing the Covid relief. And one of them happens to live where we do, a young chick and she’s always going in/out partying it up. Really is disgusting…
Rent to people who are not going to screw you. Like, rule one.
Do your due diligence at the start.
My bus. partner has 60 plus units and he has one ■■■■ bag, and only one, and she came with a newly acquired property (just before covid). None of his other renters went in arrears or needed to take advantage of programs because he is good at this business.
What you may be missing is that this would be just like opening a coffee shop next to a auto parts plant that is about to close and then complaining that your bad-at-business location choice is really the fault of ‘gummint’ because of trade deals incentivizing overseas production.
Do your staging, research and diligence right and you won’t end up ‘sleeping in your car’ because you rented exclusively to the kind of people who can’t take a hit to their income stream.
If that is who you rent to, such that it hurts you, you are bad at business and should never have bought rental units.