They are also declaring that they are unable to pay their full rent or make full housing payments due to substantial loss of household income, loss of compensable hours or wages, layoffs, or extraordinary out-of-pocket medical expenses due to COVID.

Just like how airlines were waiting to lay-off staff after sep-2020, banks and investors are supposedly waiting to capture the equity in homes when the foreclosures start.

Where I disagree is the current Robin Hood attitude where it is the obligation of the rich to bail out the poor. 

This year in September we paid off our home and the next thing you know this month my company announced huge layoffs. 

When a tenant stops communicating, that is a major red flag And you should respond accordingly.Right now I have three tenants that are struggling with rent payments due to reduced hours, COVID related layoffs, or other reasons.

Internal Revenue Service, or received an Economic Impact Payment (stimulus check) pursuant to Section 2201 of the CARES Act;3) I am unable to pay my full rent or make a full housing payment due to substantial loss of household income, loss of compensable hours of work or wages, lay-offs, or extraordinary out-of-pocket medical expenses;4) I am using best efforts to make timely partial payments that are as close to the full payment as the individual’s circumstances may permit, taking into account other nondiscretionary expenses;5) If evicted I would likely become homeless, need to move into a homeless shelter, or need to move into a new residenceshared by other people who live in close quarters because I have no other available housing options.Source: https://www.cdc.gov/coronaviru...The kicker is all the tenant has to do is sign the statement, but you, the LL are allowed to challenge it. 

We are not going to know if we are going the part-time rental route with our home until after my wife learns about the future of her job (she has been reduced from full-time to part-time hours since the pandemic began and is at high risk of layoff come summer, meanwhile I can work from anywhere).

We are not going to know if we are going the part-time rental route with our home until after my wife learns about the future of her job (she has been reduced from full-time to part-time hours since the pandemic began and is at high risk of layoff come summer, meanwhile I can work from anywhere).

Robinhood and BP3) Repeated interventions in the natural market cycles by the Fed created a lot of fake numbers in all parts of the economyBut!

(Calgary has gotten hit much harder from a downswing in oil prices and layoffs.)