Are You Nervous About Collecting Rent This Month

[Kenneth Garrett]

Last month (March) most people worked most of the month so when April 1st rent came due rent should have been collected for the most part.  This month at least in my state people have been unemployed/furloughed for all of April.  I’ve already collected from a few tenants early. How do think rent collection will be this month?

[Patrick M.]

I am not nervous about May. I am petrified of November and December.

There is a constant drum beat of disregard to the rental contract. The idea that people should not pay rent. That landlords can absorb the loss... 

The bottom is going to fall out of this economy. Right now we are all operating on the assumption that we turned the switch off and we will turn it back on... and maybe it will be slow going, but it will start up again. I don't believe that and it will be compounded when government cant continue to print money to solve all of the problems.

This winter is going to be a b****!