Another reminder that cash is king.

Account ClosedTo be honest if you 'feel' like you have to send a preemptive letter to remind your tenant of their responsibilities... and the apparent world around them, just asking for trouble.

Reminds me of doing Blackstone deals in 2009 when they were the only Hedge Fund lending on rentals and rental portfolios.

Ugh, It is so tempting, but good reminder.

This reminds me very much of our Boise market.

After several years of listening and reading, tangentially, I have had some life changing events that have reminded me that I should have be investing long ago.If there are any investors local to Chicago, specifically the western suburbs (Aurora/Naperville), I would love to meet and discuss which methods you use to invest locally.

Our point was to remind people, *without* the need to make any threats about what might happen if they fail to pay, that failing to pay the bills has consequences for us (just like it does for them).  

We have this same exact situation going on in a 4-family building we own and all you can do is contact all people in the building and remind them of the no smoking addendum they signed with their lease docs.

Remind me?

Or, if you can handle the risk, try and go it alone like many on this site do.No one was gossipping and freaking out during the plague.... they were working... despite the bodies in the streets.Kids were not off school for 2 months while polio was going around.If you government tells you you must stay in your home, or you can not go to work, or be a productive contributing member of your community, stand up and remind them that they work for you!