ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Landlady Shares What to Do When Tenants Stop Paying Rent | ‘You Have a Couple of Decisions to Make'

"When a tenant tells me, that they cannot afford to pay the rent, the first thing I want to know is when would you like to move out," she said.
PUBLISHED MAY 15, 2024
Cover Image Source: Landlady explains what to do when tenants can't pay rent | TikTok | @dandanzhudg
Cover Image Source: Landlady explains what to do when tenants can't pay rent | TikTok | @dandanzhudg

With Americans still struggling with soaring living costs, many cannot keep up with the high rents. While it's understandable, landlords also cannot afford to keep tenants in their homes without them having to pay rent. This TikTok creator, @dandanzhudg took to the popular video-sharing platform and answered the burning question, "What do you do if a tenant tells you they can't pay the rent? "You have a couple of decisions to make here," she said. "When a tenant tells me, that they cannot afford to pay the rent, the first thing I want to know is when would you like to move out, when can you move out, and there is the problem," she continued.

TikTok | @dandanzhudg
TikTok | @dandanzhudg

"If they don't have money, how can they move out?" she continues and asks, "Which other landlord is going to take them if they have no money?" She then sheds light on the fact that one needs to make an upfront payment for the deposits. "If they don't have any money, how are they going to afford to rent somewhere else?" She then went on to talk about the dire situation in America today. If one cannot save money by working hard, it's nearly impossible to move. "The average American, doesn't even have like a $1000 to rub together, and everyone's growing in credit card debt, this is not feasible for many people," she says in the video.

IT Americano | TikTok
IT Americano | TikTok

"This is why we have such a terrible problem in the US. If the average person doesn't even have $1000, I mean, how are they going to be able to move out and secure a new place of lodging?" she wondered.

She then said that the rising cost of living is putting landlords at risk. The landlords are dealing with a very small portion of good renters, adding that the best renters go on to buy homes, or rent great spaces. This is a problem for landlords like the creator herself who do not have luxury homes. "From a landlord's perspective, if somebody tells you they cannot pay the rent, you are left with only one option, which is to proceed towards eviction," she said.

joeng2022 | TikTok
joeng2022 | TikTok

"In reality, nobody can live in your home for free unless you have walked into a big sum of money...The rest of us have mounting bills to pay," she explained. "If you are underwater on your property, you can lose it, and your tenants will lose their place of lodging if you also lose your property, which is why I always tell people that real estate is not for people who just have a couple of dollars to rub together," said the landlady.

Many took to the comment section to talk about the current rent crisis, with one user @Mia writing, "With the prices of rent these days who can afford to save?" Another user JM Sierra penned, "Sometimes the problem isn’t the tenant it’s greedy landlord charging ridiculous amounts." Many users agreed with the creator saying that eviction is pretty much the only option in such cases.

For more such content, you can follow @dandanzhudg on TikTok.

MORE ON MARKET REALIST
The Affordable Care Act subsidies came to an end which will raise healthcare premiums.
23 hours ago
According to WARN Tracker, big names like are set to lay off more workers.
1 day ago
As the ACA subsidies came to an end in 2025, healthcare premium prices are set to go up.
1 day ago
The prices of 350 drugs will be increased by some notable companies like Pfizer and Sanofi.
1 day ago
The tariffs will hit consumers a lot worse in 2026 than the impact they had in 2025.
1 day ago
The divergence in the recovery of income levels of the poor and the rich is likely to keep growing.
1 day ago
Maureen couldn't make it because of her choice of words, despite performing well earlier.
1 day ago
"Bruh, this guy solved all the most random puzzles on the other rounds no one would ever think of, but failed to do the easy bonus round," a fan reacted.
1 day ago
A report from UCLA's Karissa Tang says entry level jobs of teens are first in line to be eliminated
2 days ago
Representatives of the SSA have strongly denied these claims with aggressive remarks.
2 days ago
The retailer might offer cheap prices but products need to be of decent quality as well.
2 days ago
More than 8.3 million workers will be paid more starting January 1, 2026, thanks to the rise in minimum wage.
2 days ago
The bacteria can prove harmful not just to the animals but to humans as well.
2 days ago
Millions of Americans have turned to the retailer who seems to offer the most affordable prices.
3 days ago
This will be a huge boost for the residents of the states, who have been craving for some relief.
3 days ago
"Contestants need to stop choosing CDM as their consonants. Think outside the box," a fan reacted.
3 days ago
This will not be good news for the Republicans ahead of the Midterm elections.
3 days ago
The situation might help Donald Trump who is hoping to reduce trade deficit.
3 days ago
America has a shortage of skilled labor and Walmart is taking things into its own hands.
3 days ago
Goldman Sachs has projected a 2.6% GDP growth rate for 2026, higher than the 2% consensus.
4 days ago