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Updated over 5 years ago on . Most recent reply

User Stats

103
Posts
55
Votes
Steve Graves
  • Investor
  • Lancaster, CA
55
Votes |
103
Posts

Rent strike, be prepared for what could happen

Steve Graves
  • Investor
  • Lancaster, CA
Posted

Just came across this article. Workers that have lost their employment because of the corona virus are  waging a war to not pay the rent. Not just a delay but a full on don't have to pay the rent for 90 days.

https://apnews.com/1bd0dccae3f84e380af62b3dd91ee26e

This should concern everyone of us on here. It's a direct threat to keeping our properties. I keep hearing about help with our mortgages but that is only government backed loans and I'm sure the majority of us are not on government backed loans. I can support giving my tenants a break for a couple of months and letting them payoff the missed rent over time. I know this isn't their fault but we should have some kind of protection if the states are going to back this rent strike.
 

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