• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Twitter
  • YouTube

Owner Login | Tenant Login | Get a quote: 323-255-9400 ext. 4

Los Angeles Property Management Group logo

Los Angeles Property Management Group

Property management in Los Angeles & the Valley, done right.

  • Residential
    • Services Provided
    • Single Family Residence
    • Luxury Property Management
    • Tenant Selection
    • Maintenance
    • Video Marketing Your Property
    • On-Site Managers
    • Agent Referral Program
  • Commercial
    • Services Provided
    • Maintenance
    • Agent Referral Program
  • Why Choose LAPMG
    • Mission Statement
    • Recent Reviews
    • Awards and Recognition
    • Why May 12th Matters
    • True Property Management Horror Stories
    • Video Resources
  • Articles
    • David Crown in Forbes
    • Q & A with CEO David Crown
    • LAPMG Talks
    • Case Studies
    • FAQ
    • Featured Article of the Month
    • Featured Elsewhere
    • Industry Blog
  • Areas Served
    • Burbank
    • Culver City
    • Glendale
    • Hawthorne
    • Inglewood
    • Los Angeles
    • North Hollywood
    • Pasadena
    • San Fernando Valley
    • Santa Monica
    • Sherman Oaks
    • Studio City
    • West Hollywood
  • Contact
    • Our Team
    • Portal Logins
    • Prospective Tenants
    • Employee of the Month
    • Careers
    • Privacy Policy

What To Do When Your Tenant Lose their Job

October 19, 2017

tenant losing his job

As a property manager or landlord in North Hollywood, one of the inevitable situations you may have to deal with at some point is your tenant losing their job. This is a situation that will definitely affect your relationship with your tenant. Coping with tenant’s job loss is your responsibility apart from collecting rents, maintaining the property and attending to your tenant complaints.

For most experienced property managers in North Hollywood, they already have a procedure to deal with tenant losing his job. However, as a new property manager or landlord, you may find this situation very challenging.

In case your tenant lost their job, there are different ways you can approach this situation. This is mainly because a tenant that lost their job may find it difficult to pay his rent on time. In this article, you will learn some ways you can deal with a tenant losing their job.

3 Ways To Deal With A Tenant that Lost their Job

 Maintain a Proactive Communication with the Tenant

Communication is very important in every business. As a property manager in North Hollywood, your tenant may not be willing to tell you that he/she lost their job until you ask for rent. No matter the case, it is still your responsibility to keep the lines of communication open with your tenants.

Remind your tenant about their rent due date on time before his rent is due. Your tenant may be ashamed to tell you that he lost their job; this may lead to late payments. You need to ensure that you send reminders as early as possible and let the tenant know he or she can talk to you if he is having a financial problem.

  1. Talk With Your Tenant About Payment Arrangement

If your tenant is open to you about his situation and is willing to do something quickly about it, you can talk with the landlord so you and the tenant can discuss payment arrangements. You may need to give them some grace period to come up with your rent if you are dealing with your tenant losing their job. Your tenant situation may just be temporary, if he is willing to come up with the rent at a specified date, you can sign an agreement with them.

However, if you are not willing to consider the option above, then your next best option will be to start the legal process. Whatever the case, your decision will depend on the circumstances and the policies of your property management company.

  1. Consider Legal Options

No one enjoys losing his job. On the other hand, landlords are in the business to make a profit. However, they don’t enjoy evicting tenants. As a landlord or property manager in North Hollywood, you need to have an established procedure for dealing with tenants that lost their jobs. When a tenant loses ability to pay, you will need to explain to him/her that they will have to come up with payment as soon as possible or otherwise face possible eviction.

Indeed, evictions are never easy and no one enjoys it. However, if a tenant lost his job and they are not willing to discuss payments arrangement or not showing any sign of paying their rent, you will be left with no other option than to start a legal process.

No matter the case, do not confront the tenant, they may use the situation against you in the court. Instead, have your attorney serve him “eviction notice” when every other option to remedy the situation has failed.

 Conclusion

Dealing with tenant losing his job is never an easy challenge. In most cases, it will strain your relationship with your tenant. In fact, this is one of the leading causes of evictions. Hence, as a landlord, you need to ensure that your property is managed by an experienced North Hollywood property management company. Usually, such companies have experience in dealing with this type of situation and they can do it without ruining your reputation.

Filed Under: Commercial Properties, LA Property Management News, Latest News, Projects, Property Management Education, Property Management FAQ, Residential Properties Tagged With: best property management, Burbank Property Management, Los Angeles property management, North Hollywood Property Management

Primary Sidebar

    PROPERTY OWNERS: CONTACT US FOR A FAST FREE QUOTE

    (This space is not for tenant contact)








    Loading...

    Footer

    Award-winning management means:

    Best property management in Los Angeles - Our Awards

    • Maximum profits.
    • Responsive service.
    • Vacancies filled quickly.
    • Accurate understandable monthly reports.

    Proud Members of:

    AAGLA AOACA AIR Commercial Real Estate Association Member BOMA 2022 Member of Forbes Real Estate Council

    Contact Information

    
    

    YouTube LAPMG   Facebook LAPMG   Twitter LAPMG

    Los Angeles Property Management Group
    10960 Ventura Boulevard Second Floor
    Los Angeles, CA 91604
    Phone: 323-255-9400
    Contact Us

    Los Angeles Property Management Group is registered with the California Bureau of Real Estate License #01931033.
    Kyle Crown License #01936385
    David Crown License #01157354

    © 2023 Los Angeles Property Management Group · Privacy Policy
    10960 Ventura Boulevard Second Floor, Los Angeles, CA 91604 · Phone: (323) 255-9400
    LAPMG is committed to ensuring digital accessibility for people with disabilities. We are continually improving the user experience for everyone and applying the relevant accessibility standards. If you have any issues, please contact dcrown@lapmg.com.