Hi Emily,Given the gravity of the situation (virus issues),Maybe offer them $250 cash in $20 dollar bills, and a 2 cases of beer (to hang out in the backyard) while your appraiser is there, along with some spray Lysol disinfectant to use once they get back in.If they turn that down, you are up against a tough wall.Good Luck!

A virus of all things - never would have guessed.

We are analyzing the virus at a granular level but not the economic realities.

I was given a choice of either: A.not utilizing all this government aid, putting myself at risk of a deadly virus that would have been much more risky for me, not having to deal with how miserable working in the restaurant industry is—terrible and fluctuating schedules, loss of much of my ability to enjoy a life outside of work because of the loss of my evenings weekends and holidays, abusive and entitled customers who treat you like you’re a servant and bark orders at you, management and ownership that are indifferent or overtly hostile to you over the smallest things—I’ve been written up over eating a piece of bread during a 12 hour shift when I had not eaten all day and was not allowed even a five minute bathroom break at one point.

(A new saliva test against this virus, is currently in development in the state of Illinois, & which might replace the current problematic, nasal test for detecting this virus.

Other tenants are your friend in the case of a utility hog - they won't want to be paying for them either.9)   Definitely install,  and periodically verify presence of,   low flow showerheads,  toilets,  LED lighting throughout etc.10)  bedbugs, cockroaches, ants, and viruses -   there is more risk of all of this given the current times and the type of housing you are looking at.   

I am seeing a lot of opportunities on and off the market right now with the virus.

I know they are all hot cities and we are near the top of a long climb in the market (in spite of this virus), but where will I potentially have the least competition from other investors. 

If I asked my tenants about rent increase I would never be able to increase rents.As for the answers for the subjective and objectives; you are 100% right and there are many times we cannot increase rents, but the overall business model is to raise rents as much as possible until you reach a point where your tenants will make a sane decision and move, or raise until you cannot find a new tenant.Before this virus started we rented most apartments before tenants moved out and we increased rents $100 to $200 with no problems.

Agreed,  @omar,  I would be interested in revisiting this thread...we have now seen advancement of the financial crisis....more people leaving the Island and fear mongering about the virus.