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Updated almost 5 years ago,
COVID-19 challenges for landlords in Texas (TX)
Dear Texas landlords,
These are troubled times but I am encouraged by the fact that several threads on BP are discussing the challenges of being a landlord in a pragmatic manner. This supportive exchange of ideas is critical and creates a sense of solace, especially in a time where roles such as ours tend to be stigmatized by the public. I am certain that I am not the only landlord who has been concerned about the eventuality that Texas tenants will have difficulty paying rent in April, May and potentially more months to come. I would like to start a conversation that addresses the following points:
- What can we do to minimize the risk of missed rent payments?
- What are the government or lenders doing to help landlords minimize our risk of missed payments?
- What are some of the challenges you think we will face from the tenants or the government when trying to mitigate this risk of missed rent payments?
I would love to hear your feedback on the these three questions. Your guidance will help the Texas landlord community sustain during these turbulent circumstances.
Thanks.