I’m going to month to month in June because of this virus headache and lack of legal protection.

@Scott Raynor are your fears about the virus affecting the real estate market?

Would you allow your tenant to skip rent this month because of the virus?

It looks like simply taking a couple of already available pills might cure this.
It's awaiting FDA approval (but they are trying to fast lane it).
It's been in America a few days and now we may already have a cure--...

I feel good about the numbers, but am unsure if I should be conserving cash because of the corona virus.......Thoughts?

I offered asking on the property since it met the 1% rule and I could cover some missing or reduced rents no problem if we had issues with payments due to Corona Virus.

I don't like either of those things in my unit so I am considering the following options:Option #1Ask both tenants to leave 30-days after I take possession of the property , renovate the units on the outside & inside (gutters, siding, interior paint, floors, mini-split units, ceiling, other miscellaneous things) then raise the rents to around $700/month each and look for good tenants (no smokers, no pets, good jobs) to put on a 1-year lease.Concerns: I question whether or not this is the right thing to do since the virus has many peoples struggling with their jobs and I don't know if its right to ask the tenants to leave during this "crisis" (they have lived there for 8 years and have been paying rent).

Our first round of letters hit yesterday that have a mention of the virus.

There are several plans in news:Congress is working on a stimulus package: Democrats want to provide increased (full salary replacement) unemployment benefits and expanded medicaid to the unemployed and paid sick leave to those who have jobs but are quarantined as a result of the virus for the duration of the crisis.

As this virus/recession is beginning to unfold, we all know the risks with tenants not being able to pay rent.