It's unfortunate and I've been wanting to get into the rental game as well but our market really does not make it easy on us, especially with how low our inventory is but there has been slightly more potential for deals lately as buyers are staying home.

Lenders need to be more flexible (late payments, delay payments, restructure terms, etc.), then landlords would be able to assist with this a bit easier.

I have waived late fees until this is over, but don't you think it is a bit premature to tell me your not paying me for May?

I'm a little late on doing this but I am a newer investor from the Aiken, SC area.

As of now, the listing agent claims they all have never been late on rent and they are currently working.  

So now we are a day late.

This is for 400-something occupied units.Some other points to consider:-If you have a federally backed mortgage (Fannie, Freddie, VA, FHA, or HUD), you are forbidden from charging late fees or initiating evictions for 120 days from the passage of the CARES Act.

Hey Dave, hopefully I'm not seeing this too late considering the post is 5 months old.

Obviously evictions are out of the question for now (at least a couple of months from what I'm reading); late fees are also temporarily suspended.

Given that its a matter of time before some or all of us will experience a late/missed rent, I wanted to go over the best strategy for dealing with tenants, that is reasonable, flexible, and allows for optimal rent collection.