(this would be pretty impressive if you pulled it off)Then by the lease you aren't entitled to anything.But they made a seperate agreement to give you the security deposit as an olive branch.... if you are feeling generous split it with them.Either way I would change your lease and take out the contingency related to you releasing the property.

There seem to be two camps for landlords/PM strategy:Camp A: Proactively reach out to tenants with new policies and procedures to include eliminating late fees or payment plans, etc.Camp B: Collect more information as things are changing.

The real estate management company collects all rent, manages the online listings, and writes checks for repairs.

Show extra care as a landlord in some small and definitive way, set expectations, and collect the rent that they owe you.

Leave alone and maybe in 10 days he will sell to me at 245 ish#2 Pay more (say 265k) collect rent at market rate of1900 per month for 3 years with agreement on him making repairs as they arise#3 Loan him 50k at 15% and he says banks will cash out refinance in about 6 to 12 months.Is there a deal here somewhere?

Here in Ohio they are closing down restaurants and bars because of the virus. How would you guys handle rent for those who are affected by this if they were always on time before and struggling now? Thanks for your in...

That being said, make sure you have the ability to run the property from afar that will include finding a property management company who can run the place for you and collect rent.

I do not collect an application fee.  

I just hope we are able to collect the rent later if we defer it, or that we will get some help from the government if we can't.I'm considering accepting partial payments or deferring rent until things settle down and then letting them pay it back as they can. 

For me I would evict and turn over to collections for what is owed.