I have a bit of a dilemma here. Today my room mate informed me that he was going to be moving out soon. But he signed a 1 year lease through August, so he contractually obligated to pay rent. The kicker is that he recently learned that his father has prostate cancer, and it has spread in to his bones. He says his family is in financial troubles because of this, but then he tells me that his parents will likely be moving to Hawaii in a few months.
I'm really at a loss here. I met the guy the day he signed the lease, so i really don't know him to well. I'd like to be sympathetic, but if he doesn't pay his rent and share of the utilities, I am going to be out $2500 - $3000 through August. It is my house, my mortgage and my name on the utilities. I have the money to cover it, but I really don't want to be out that much money.
So after all of that, do any of you have any advice? Does anyone here manage or own any rentals? This kind of ruined my Friday night..
I'm really at a loss here. I met the guy the day he signed the lease, so i really don't know him to well. I'd like to be sympathetic, but if he doesn't pay his rent and share of the utilities, I am going to be out $2500 - $3000 through August. It is my house, my mortgage and my name on the utilities. I have the money to cover it, but I really don't want to be out that much money.
So after all of that, do any of you have any advice? Does anyone here manage or own any rentals? This kind of ruined my Friday night..
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