No job no income hard times

2 Replies

So now that we are real deep in the epidemic and some have lost their jobs how have some of you been able to adjust with your tenants no longer having any income? I’m assuming you have reserves but has it been a strain?

@A. Maldonado so far I haven't had many tenants have issues, and most of my tenants paid as they usually do. Obviously, some areas of the country and some areas of different towns will be hit differently. I think this crisis just serves to show why all people and businesses need 3-6 months of expenses on hand to whether a storm. This crisis hasn't even really gone on for very long and already I am hearing land lords who are really worried. 

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you