You have a bum tenant here, and the only solution is to get the tenant out as quickly as possible.

I used Citi for several previous HELOCs, but in 2014, when I had to do the latest roll over, Chase gave me a better deal, both for the HELOC and fund management fees as well as better customer service as a "Private Client".

I assume other people are facing similar problems.Has anyone experienced their local governments coming up with creative solutions to these issues?

Thank you for being the compassionate and reasonable person you are.https://www.biggerpockets.com/forums/892/topics/817929-corona-consequences-landlords-are-part-of-the-solution

If this is common in your area, then there might be a very simple solution.

I would suggest working the numbers backward and see what solution works.

So what everyone must do is look at the scope of your tenants, stay as informed as possible about the economic impact your tenant may be experiencing and keep the lines of communication open as possible and be as forward-thinking as possible about solutions to what is going to a monumental collapse.

In this crisis we have to be creative to find solutions.

Recently my brother and his wife were given the option to take over their grandmothers home. The home had a reverse mortgage owing about $175,000 still on it. The value of the house in that neighborhood is at about $5...

There is a need to create a win-win for all parties involved, and the landlord or manager needs to be a leader in a situation like this.Whether you self-manage or use a professional manager, communicate with your team and others in your community to find creative solutions to keep moving in the right direction.