With gov programs being extended for tenants and lenders still expecting payments, it does not seem like being a landlord in the USA is a good decision right now.
Change my mind.
No, more for me!
On a serious note, not everyone is out to abuse the system. My tenants haven't missed a payment during the pandemic and I'm running at 100% occupancy. Screen well and maintain a good relationship with your tenants. There's also the option of only offering month to month leases. Evictions based on tenant holdover (a tenant refusing to move out when their lease ends) are NOT covered by the moratorium. May take a while but at least here in Maryland they're still hearing and processing those cases.
There's also the option of taking housing vouchers (section 8 type deals) where the rent is guaranteed by the government. If the tenant stops paying their portion it's less of a problem.
@Sean Bizjack , I'm not going to change your mind. But here are my thoughts.
I only take Section 8 tenants. I am currently owed $0 in rent. If my Section 8 tenants don't pay their portion, then I file eviction and even if I can't get them out now, they put their voucher at risk. Which they don't want to do so they pay their portion.
I screen like crazy and my properties are well taken care of.
So I'll keep buying and adding to my cash flow and net worth and let everyone else worry about getting paid.
I mean, I wouldn't mind if fewer people were buying property right now... makes it easier for me to acquire ;).