@Lacy Tilley I don't think you need to live in fear during this crisis. Good people still intend to do business the right way, so as long as you screen your tenant you should be fine. I plan to continue leasing activities as needed here in the Chicago market. So far, I haven't heard much from tenants about not being able to pay, etc. I suspect this will hurt people more who had ongoing eviction issues as those will be badly delayed.
What is every body doing in terms of placing new tenants? From turn overs, rents, leases and deposits.
I just had a great tenant move out as per our lease. The house will be getting a 7k make over. After it sits for 4 days (to let all the germs die)
I've been pondering on collecting more than first months rent or increase security deposit or prepaid rents till everything is calmed down.
My fear is a new tenant paying 1st month and riding out the deferred evictions rules due to covid 19
So people What adjustments are you making to the covid-19 pandemic??
Move-in deposits & screening are the same. The only adjustment we are making is waiving late fees for tenants who have always been on time with their payments and are in a crash crunch.