Line up debt financing prior to going in.

.): "The agencies have confirmed with staff of the Financial Accounting Standards Board (FASB) that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not troubled debt restructuring."

Prior to the coronavirus it was very reminiscent of 2005-2008 easy money with LTV up to 95% on some deals.

For instance, you will likely need to do some level of clean-up, painting, and minor repairs, all of which have a cost prior to the new tenants moving in. 

In the Smokies, they just sent out 2 different messages - one telling people not to come and to stay home, the other telling STR owners not to advertise availability prior to 4/14.My local gov contact tells me it was primarily due to cabin owners advertising really low prices on Facebook groups, as well as possible guests looking for accommodations in those same groups.

Prior to the current shutdown they alternated between Burlington and Worcester which translates into a bigger network.

We now have a small check list of items to check prior to the appraiser checking the property, but at our last refi we added one. 

Its not because I think it will be a huge deal, mainly to thank them for being with me and to help them at least a little during this crazy time.The following is the beginning part of the email I just sent out to all my tenants (for the properties that I self manage):Tenant's name,Effective now, I will be offering the following credits:Rent submitted 5 days early (by the 26th of the prior month) - 10% DISCOUNTRent submitted on time (by the 1st of the month rent is due) - 5% DISCOUNTI will be waiving late fees.

I tend to agree because there weren’t any underlying major economic issues prior to this drastic halt.

In most cases, borrowers will need to refinance prior to having the balloon due.