“Residential renters need to have added safeguards during times of emergency like this – they have rights and we will see to it that they are protected.”So, it takes on average AT LEAST TWO MONTHS to run a straightforward eviction for non-payment of rent in CT, and a savvy tenant, or one who is getting coached by Legal Aid, can often draw it out for several months more. 

It hasn't been too time sensitive as of yet.

The notice also gives taxpayers until July 15 to perform the time-sensitive actions listed in reg. section 301.7508A-1(c)(1)(iv)-(vi) or Rev.

Read CAA's letter opposing AB 828 here.This bill denies equal justice to housing providers by:Forcing landlords to reduce rents by 25% even if a tenant cannot demonstrate a hardship or need.Allowing judges and the court system to set rents and change the rental agreements already in place.Assuming every tenant is facing a hardship related to COVID-19 and must be compensated for this hardship.Protecting nuisance tenants as it does not require tenants to answer an unlawful detainer complaintMandating that rental property owners demonstrate an economic hardship to collect the contracted rent.AB 828 is an unfair attempt to allow the government and the courts to give reduced rent to all tenants even if they have face no economic hardship, and it provides safeguards for landlords.Contact your state legislator and ask him or her to VOTE NO on AB 828.

Yes, it will cost you a brokers fee, but it saves A LOT of time and headache, trying to reach hordes of lenders that aren’t being responsive while you have a time sensitive deal on the line.The mortgage broker would have insight on which lenders are still operating during this time, might be new provisions to qualify for a loan, but there are definitely lenders still in operation.What kind of loan are you looking into?

I am not looking for advice about having more reserves, or making better investments, just looking for great ideas on how to go about this rather delicate yet sensitive process of negotiating rent payments, while people are not getting paid. 

Usuallly the luxury market is the most sensitive to these changes, as their decisions are less driven by necessity than the family with 4 kids and number 5 on the way, who just needs a bigger place now.

I would consider doing some sensitivity analysis with the capex and vacancy.

Non-renewing does not involve the courts, so I don't know how it could be banned.On the other hand, you may want to be sensitive to the plight of residents these days and be prepared for a negative backlash if you are trying to remove a resident who has lost their job. 

What safeguards did you put into place?