General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Tenant In NJ Lost job due to COVID-19 Pandemic
My Tenant in NJ just informed me that he lost his job due to the Covid-19 pandemic. I foresee him now being able to pay the rent for another 4-6 months or so.I will be unable to afford this kind of loss as a result. While I understand and am sympathetic towards the tenant's situation, I would appreciate any advice that my gurus on this forum can offer. I understand Match 9th, a statewide health emergency has been declared and hence evictions cannot be enacted on for 2 months or so but can be initiated.