Related Posts
Looking for 1bhk in Hinjewadi / Marunji
Story for most of us
Stages of a consultant
First W on SNKRS in a in a very long time!
Additional Posts in FIRE Financial Independence Retire Early
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Coach
OP, have a look at the article below and see if you can get them to pay by CC. I have used Cozy payments (cozy.co) in my rentals before and would recommend the service.
https://www.wsj.com/amp/articles/out-of-work-apartment-tenants-putting-monthly-rent-on-plastic-11586966251
Are there any government programs that could help? I’ve already reached out to my lender for options. I’m also thinking of the best way to structure this with my renters in terms of letting them use the buffer of last months’ rent that they had prepaid. I’m also considering lowering monthly payments and structuring a catch up later. I’d love to hear about what other landlords here are doing. I have good relationships with my tenants and would like to keep them long term and work out a fair arrangement, but my SO has been furloughed and we’ve already lost one income during this crisis and we can only go so far.
Look at meet Kevin on YouTube. He has useful information for real estate investors
Hope you got reserves
Yes thankfully we do! About a month or two in a separate account for the properties, but after that will need to pull money out of savings.
If your mortgage is backed by Freddie or Fannie you can defer payments for a year.
Just call and get 90 day forbearance, I did on both my rentals just bc