Effectively creating a small balloon payment at the end of both 30 year loans. 

Hi everyone, So I'm curious if anybody out there knows the effect that was had on real estate during & following the last pandemic in the early 1900s.

I don't think this will happened to all companies in the DMV but it will have an effect on the market.

Some major points in the bill; Extend the eviction moratorium for 60 days after the state of emergency order is lifted for residential renters as well as small businesses, with an exception where there is risk of immediate harm.Allow renters with financial hardships to pay rent over an extended period using a year-long repayment plan.Create an eviction diversion program that runs through December 31 2020, requiring both landlords and renters to participate in a mediation process designed to help resolve issues before they lead to formal evictions.Stabilize rents during the pandemic and for a year afterwards, during which landlords would be limited from increasing rents, retroactive to March 1, 2020 for those experiencing financial hardship related to the pandemic.Waive late fees on rent during the pandemic and for two months afterwards, which is retroactive to March 1, 2020 for those experiencing financial hardship related to the pandemic.Allow renters who are illegally locked out to recover damages caused by the illegal lockout.Call on the PA General Assembly and the US Congress to provide municipalities a comprehensive relief package to stabilize the local rental housing market and assist property owners, including large-scale rent subsidies for landlords to make up for lost revenue.There are concerns, expressed by HAPCO, that passing this bill would have a disastrous effect on property owners in Philadelphia by essentially passing on the costs of the COVID crisis onto owners.

It's very difficult to effectively manage a property from far away and have enough time and capital left over to grow a portfolio. 

And over 30 million Americans unemployed will have long-lasting effects.  

If the ac bills are adding Freon or replacing parts, then tenants won’t have any effect on that. 

With the CARES ACT passed and in full effect our national deficit is looking to hit 30 Trillion Dollars in the near future!

We all saw the Emergency Rules of California Rules of Court, dated April 6, 2020 stays all judicial proceedings to foreclose a mortgage or deed of trust, including any action for a deficiency.These rules will remain in effect until 90 days after the Governor declares that the state of emergency related to the COVID-19 pandemic is lifted, or until amended or repealed by the Judicial Counsel.Now, there is emergency bill AB 828 which is pending but what it will do is enforce a moratorium on foreclosures.

I think your tenant screening process sounds like an effective way to ensure good tenants legally.