Rental Property Owner - FAQ - COVID-19

[Ryan Prun]

In light of the current Covid-19 federal, state, and county recommendations, Top Properties has enacted several policies for the coming weeks. We are working diligently with our lawyers to stay in compliance with all the fast-moving changes. Mitigating risk is going to be of the highest priorities in this time, and old fashion negotiation may facilitate some of the best outcomes.

Staying up to date and ahead of the information is difficult, but important right now. Putting together processes for rent collection in April has been of the utmost importance at Top Properties. We manage 350 properties around the Denver area, and getting ahead of delinquent rent has been our primary focus.

Documentation for non-rent payments and making sure to have information that the COVID-19 pandemic has directly caused tenants ability to pay will be hard, but extremely important. There may be a lot of tenants that try to game the system and not pay, just because they believe they can. Just look at the #rentstrike movement.

Getting property owners prepared for the potential lack of payment will be important as well.

Check out some of the information we are putting out on the links below:

What if my tenants can not pay rent?

If my tenants can not pay rent, what happens if I cannot pay my mortgage?

How will maintenance be performed during social distancing?

If the lease on your home is up for renewal soon, should you consider offering a short term lease?