I just have one property with no mortgage so I’m in a very lucky position. Our tenant is the daughter of a family friend who does a lot of electrical work on various projects we do. Her husband lost his job about 2 weeks ago and then they lost their baby due to complications at time of birth a couple days after that.
Again, because of the extremely lucky position of not having a mortgage on the house, we decided to forgive May and June rent payments to hopefully help them get ahead of the mess. I can’t imagine the difficult decisions and conversations I would have had to made if there was a mortgage on the home.
I do kick myself a bit for not doing sometime if exchange though. Forgive the rent, but they take care of the yard instead of us hiring a crew for upkeep.
It’s probably too late now, but anything you would have done differently?
