Coronavirus Putting “Us” to the Test

[James Lanier]

I have been browsing post on the Coronavirus and I frequently see comments and posts claiming the government is not protecting landlords and only seek to guard the rights of tenants. I’m not here to debate that, instead I ask the following questions:

1) Did you do your due diligence when selecting tenants?

2) Did you do anything to help them or check in with them genuinely about the impact COVID-19 had on them?

3) If the Government has had that much of an impact on your business that you fear the end of your REI business. Were you even a good landlord in the first place?

This is opportunity to put yourself to the test! Don’t blame those around you! Evaluate and overcome my fellow “mom and pop” landlords!

Good luck!

[Greg M.]

Those are rather disingenuous questions. Am I a good landlord because I didn't anticipate that a pandemic would cause the local, state, and federal governments to close most businesses and at the same time rewrite long standing laws to remove most protections of my property while at the same time requiring that all costs associated with maintaining that property, including taxes, continue to be paid? I gotta admit that I did not factor any of that into my risk analysis. 

No amount of due diligence would have been able to prepare for this.