@Bennet Sebastian Hey Bennet, my wife is recovering slowly.

After the subprime mortgage crisis the cost for properties dropped significantly and had taken some time to recover.

Trying to understand if this is the Collections process where the Debt collector will call the tenant to recover rent before judgement?

I have a property.1) lease was originally for a couple (man and woman)2) in May 2020, man took himself out of the lease (because woman was in an abusive relationship so she states and failed a restraining order against the man so man moved out)3) Woman took advantage of eviction moratorium and refused to pay me anything for 10 months onwards4) Woman no longer lives on my property at end of Jan 2021 because I finally managed to evict her end of Jan 20215) Now, I've been communicating with her and trying to get her to complete Covid Rental Assistance programs so I can recover the 10 months back rent without having to go through small claims court6) So far, I've been rejected in two programs (one of the program states that woman didn't provide enough proof / evidence)7) So right now, I'm looking into pursuing woman in small claims court in November8) She argues she has no money or anything and is living in a safe house and to protect her from her abuser, and that she's also homeless9) She states "I have no assets, no savings, and no income.

The property is the primary concern and they want to make sure the property will at least hold it value and they will be able to recover their losses if you default.  

Having more money with which to work is a good thing - spending all of the recovered equity or having no reserve would be bad business practice anyway.

I'm curious as to if/how Florida will recover now that the Governor lifted COVID lockdowns/rule enforcement statewide.NY and other metro areas seem to be stuck in this lockdown for more months to come.

Secondly, plus the cash follow still not able to recover your upfront cost.

And when lower income tenants have a backlog of thousands of $$s, I guarantee you that recovering that in small claims court, which is what this ordinance forces, will be fruitless for many landlords.

There aren't many mistakes you can't recover from, but you'll never grow your portfolio if you don't take that first step.If I were you, I'd buy a big SFH and rent by the room.