Managing investments during Covid

[Kentrel Leverette]

Hello Investors 

I own a portfolio In Memphis, fortunately have been able to remain close to being fully occupied with most tenants paying rent, tho sometimes a few days behind. 

With everything that's going on I was just curious on some best practices other investors are doing when it comes down to portfolio management during these unique times?

For myself I am not renewing leases, I have found its possible and easier to evict if they are on an expired lease, so preparing for future changes we can adapt accordingly. We are going month to month 

The biggest thing I found with tenants that did just have a hard time is simply making arrangements, controlling the conversation and making sure they understand there are no free passes , even a deferral will have to get paid back. If they like where they live ( which should be the goal ) then you should force them to understand moving will cost more. Remind them about they're security deposit ,lastly if forcing them to leave simply offer cash for keys. 

Thoughts ?