The real issue would be if they are not collecting enough in fees to pay expenses and appropriately reserve for capital items.

Depends how May rent collection turns out.

Indianapolis might have some down rent collection months, MIGHT, but buying and selling still happening here.

Main things right now would be collecting rents, selling properties (no showing restrictions) and lending/closings.Ask the same question in 60 days.

I am thinking of a rent deferral plan but not sure how to structure it - I don't want to be "out of the money" more than my last month rent collected ($1000).  

You want to see how April and may rent collections go.

Most of the multi-family properties we are looking at for clients are pre-1920, and plumbing is typically a frankenstein collection of copper, steel, pvc, and pex.

Also chasing down slow payers at the storage facility: 80% collection success to date on those.  

This also gives me time to collect some extra CapEx and/or repair money from the previous tenants as well as potentially use some of their security deposit for repairs that need to be done.

Hi Larry - Cozy is great for rent collection and tenant screening, Stessa is great for financials and accounting, and RentRedi and Buildium are more all in one solutions.