Underwriting During A Pandemic
I am curious to know how your underwriting has been since the pandemic hit this year? With lenders requiring an additional 6-12 months of P&I reserves, rent growth is a big question mark and understanding your tenant base has become even more crucial than ever, there are some significant headwinds that must be navigated at the moment. For us, we are paying close attention to delinquency reports and we are having brokers pull them for us at different points of the month so we can get a better understanding if tenants: can pay, are paying late, or are not able to pay at all.
What are you paying close attention to when underwriting/evaluating an investment opportunity?