HOW LANDLORDS CAN PROTECT THEMSELVES FROM THE CORONA VIRUS

[Edward DePalma]

With this corona virus scare and potential quarantine it could be a HUGE hit to all real estate agents/investors/ small business owners/employees and everyone else! With this potential quarantine tenants could be out of work for weeks so that means late/unpaid rents as these tenants must survive with what they have and not collecting a paycheck. If your a landlord with 20+ properties this could be detrimental to your business! Then how long until these tenants can get back to work and catch up on all their bills so essentially the landlord Is the one taking this HUGE hit! How can we help stop this dismantling of our investments? Make a shift in your rental vacancy's with section 8 tenants as every month you will be paid IN FULL and not have to worry about this potential collapse in our economy and tenants being late with rents. You can also take advantage of this time and be able to BUY real estate at a low with all of this turmoil in the air! Broaden your portfolio when the market is low get a section 8 tenant in at market rent and hold the property and sell at a high when the market is back or hold and collect your rent!! There is ALWAYS OPPORTUNITY in every situation you just have to know the right people and be smart about it! Syracuse is a great a market and I have had nothing but utter success!