I understand it’s an election year and we are in a crisis.  

But given the current economic climate it might be harder to find a new tenant or you might see rents drop a little due to the fact that this crisis is impacting a lot of people in the workforce.

If one party is in breach and the other terminates the contract during this crisis, showings, inspections, and appraisals probably won't be considered 'essential services' during shelter-in-place orders.

NYC saw a major price drop during the  '08 crisis. 

absent the COVID-19 crisis, I would not renew.with the COVID-19 looming over us, I think what I might do is:communicate my intention to not renew, as they do not qualify. 

This crisis has everyone wondering what’s going to happen from your tenant getting sick or you getting sick.  

Every crisis generates opportunity.

Because no one will actually buy mortgage debt right now because banks are planning for a huge amount of defaults or that if people do default the government won't let them foreclose because of the crisis.

Probably an independent landlord who's not keeping up with the news there will be no evictions allowed during the crisis the courts have been closed in the governor has already stated that there will be no evictions for non-payment of rent.

If you work something out with one tenant who is struggling in this crisis, whether it is rent reduction, rent credit, deferred payment plan of some sort, applying last month or deposits towards rent, whatever...how do you solve the problem in a multi family setting where everyone including the ones who could afford rent stop paying "If George gets to skip rent I am not paying either!"