Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago,

User Stats

37
Posts
13
Votes
Vasundhara Ranjani
  • Real Estate Investor
  • Bay Area, CA
13
Votes |
37
Posts

How are people handling MF property ownership during Covid19?

Vasundhara Ranjani
  • Real Estate Investor
  • Bay Area, CA
Posted

I am a property investor with over 100 units (8 - 22 units per building) and 2020 has been very difficult due to Covid-19 and the subsequent "rules" that only favor tenants - moratorium on evictions, lack of rents paid etc. etc.

I'm sure I'm not the only one in this situation - how are other property investors handling this? None of the property taxes, expenses, repairs have a 'moratorium' for us as landlords but we have a bunch of tenants who are squatting in our buildings without paying rent/utilities while we can't evict them due to the ridiculous rules enforced by the government.

All our properties are under LLCs and we don't have 'payroll' per se and so we couldn't make use of the PPP for this situation. 

I'm very concerned about this year since Covid19 may still take several months, if not more, to abate and for us to be able to start getting rents.

Does anyone have any solution for this?

Is there a way for property owners/investors to band together and ask for help from the government? I would be interested in spearheading any effort in this regard.

Thanks.

Vasundhara

Loading replies...