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Updated almost 5 years ago,

User Stats

1,250
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Salvatore Lentini
  • Rental Property Investor
  • Doylestown, PA
1,405
Votes |
1,250
Posts

Landlording during Coronavirus Covid-19

Salvatore Lentini
  • Rental Property Investor
  • Doylestown, PA
Posted

What are landlords of SFR and MF planning on doing with rent collection April 1? I've heard ideas of: payment plans, using last month's rent, using security, 10-20% discounts for paying in full.

Also, have any investors talked to their lenders about putting the next few mortgage payments onto the back of their loans?  I have decent cash reserves to weather a fairly hefty storm... just depends on how long the storm is.  I was thinking it wouldn't hurt to build up additional capital if lenders will allow it.  I know primary mortgagors have options... wasn't sure what everyone has been hearing about investor mortgages. 

Depending on how long this goes on, things will get real interesting.  Uncharted waters.

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