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Updated almost 5 years ago on . Most recent reply

User Stats

280
Posts
365
Votes
Erin Dorsey Robinson
  • Real Estate Agent
  • Cleveland, OH
365
Votes |
280
Posts

Any landlords forgiving rents during COVID?

Erin Dorsey Robinson
  • Real Estate Agent
  • Cleveland, OH
Posted

I know that a lot of landlords are suffering right now. Much has been made of the struggles of tenants facing financial hardship and many landlords have been placed at the mercy of the now-exhausted small business relief funding or forced to renegotiate with their mortgage companies independently when rent payments have come up short. However, some landlords do own their properties outright. For those who are able, I'm wondering if anyone has decided to extend their own version of relief to tenants and forgive rents temporarily for those who are struggling. No judgement either way. Just curious. I know there are some incredibly generous people out there. Nice to hear about the good they are trying to do.

  • Erin Dorsey Robinson
  • [email protected]
  • Most Popular Reply

    User Stats

    545
    Posts
    613
    Votes
    Ray Johnson
    • Irvine, CA
    613
    Votes |
    545
    Posts
    Ray Johnson
    • Irvine, CA
    Replied

    @Erin Dorsey Robinson I'm not set-up as a Non-Profit organization, so I will not be donating to this particular tenant based charity.  

    All kidding aside; Since all but one of my properties are professionally managed, I have no idea as to how my tenants are doing financially, around the 15th of every month, I check all the bank accounts to see if the deposits are there from the PM, they were all there this month.

    If any of my PM's were to email, or call asking about rent forgiveness, I would not be happy since a major component of their job is to collect the rent every month. My answer would be NO to a rent forgiveness.   

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