As more is understood about COVID-19, how it is spread, etc. more people will not feel as fearful and things will start opening back up. 

It is cash flowing nicely with a good tenant who currently does not have fear of losing their job. 

Same, I want to do the right thing but fear potential pitfalls. like trying to feed a stray dog who turns around and bites you.I like simple. 

There is a piece of me that thinks that even if I drop my price, people still won't show interest because of fear of coming to a showing or other interactions associated with getting a new apartment.I was also kicking around the idea of an "adjustable rent" type of strategy where I offer rent at say $500 per month for three months to weather this storm, then it jumps back up to market price (defined in the lease). 

As I have been talking with investors, the historic trend is when these higher paid positions lose, or are in fear they may lose, their job, they will step down from the Class A to Class B product.  

When fear sets in (and it does for all of us), do a quick review of the deal. 

In an effort to provide some information for long term buy and hold investors to be more prepared, please see below:Happening Nationally:Tenants have refused to leave at the end of their lease siting uncertainty and high risk of virus.Tenants (apparently even with strong renter history) are stating the virus has impacted their income and are not able to pay rent, are asking for lenience.Vendors are less responsive to non-emergent maintenance due to fear of employees becoming sick.Property Managers have chosen to be less responsive to non-urgent maintenance requests from tenants to keep their team safe, similar to vendors.Showings have decreased or have been cancelled due to the fear of being in public buildings or other people’s homes, which might impact vacancy if this is longer term.Occupied unit showings have ceased for the protection of the tenant in place, the showing agent, and the prospective tenant.Some management offices are closing and requesting rent be paid in a different manner than visiting the office.Occupied unit inspections have been paused, unless deemed emergent.Be Prepared:Think through how you will handle some of these situations in advance and write our a process for it.Handle them consistently and do not favor one tenant over another.Be proactive and prepared so you can act unemotionally and with fairness for all.Be a Leader:Now is the time to show your team (vendors and tenants) that you value their health as much as you do your own.

I allowed fear to stop me from taking a chance on myself, to believe in my ability to battle diversity and overcome hardship. 

My biggest fear is I'm about to buy a house that will be worth far less in a year, and I won't be able to find tenants to fill the units (need to fill two).

We have a higher end flip sitting for sale right now and I’m wondering if we will have more buyers because people are motivated by rate cuts or if we will have zero buyers because people have the fear of losing their jobs right now.