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Updated over 4 years ago, 05/11/2020

Account Closed
  • Rental Property Investor
  • Little Village, Chicago
1
Votes |
19
Posts

COVID - laid off and no rental income

Account Closed
  • Rental Property Investor
  • Little Village, Chicago
Posted

Hello! Seeking help!!

I’m a landlord in Chicago, I work in a hotel and was laid off due to the COVID coronavirus crisis. I also am receiving less and less of my rental payments. My gross income in 2019 of $80,000 doesn’t allow me to apply for the city’s mortgage grant which caps off at $70,600.

I had a tenant break their lease and move out, another tenant breaking their lease as they’re students and had rotations cancelled, and a tenant behind on rent, and another also moving out. 

So now, I have no job, I’m still waiting for these unemployment checks to show up, so zero income, and will likely have zero rental income in the coming month, and already am receiving significantly reduced rental payments. Not to mention, I feel I would be in violation of my tenants safety by allowing their units to be viewed during the stay at home order.

Does anyone know of any local, state, federal, anything, assistance for someone in my shoes?

From my employer I’ve only made probably less than $3000 so far this year before I was laid off. 

Any insight would be greatly appreciated. 

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