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Will housing prices ever go down?
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Subject Expert
I have pretty high quality tenants so haven’t had too many issues. One wanted to pay late one month which I granted.
To me the money is still due always. If they can’t pay I would try to work with them to get them out and into a cheaper place. Meaning I’d be flexible with lease end dates, security deposits, etc. my city also has an eviction ban so it would be coordination with the tenant to achieve that.
Company I work for is offering a variety of options like deferments, partial forgiveness, relocation assistance payments. No late fees and no evictions. Definitely taking a hit but doing our best to find fair compromises that support residents in tough times.