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Updated about 5 years ago on . Most recent reply

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Landlords will you give tenants affected by virus a break on rent

Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Posted
I am curious how the landlords on this site will handle tenants whose jobs are going to be impacted by all the conventions being cancelled and hotel rooms being cancelled and flights being cancelled etc etc.

We know or I think we know this should not be a long term affect .. but short term our work force tennants could see a disruption in their income and most dont have much if any savings.

How will you handle that will you allow them to skip a month and then just add it to the remaining lease pro rata..

Or will you take the stance no rent here comes your 3 day notice and eviction process ?

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JLH Capital Partners

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Brian Boyd
  • USA
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Brian Boyd
  • USA
Replied

I think this post assumes that the banks are going to give the owners a break on the mortgages? If not, then this post assumes small businesses are charities that give away housing for free. The majority, if not all, of the members on this site are here to make money and are doing so through sacrifices that include saving their own money to invest in these properties. For profit entities vs. Non or Not for Profit companies are very different in their missions. 

  • Brian Boyd
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