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I have rental properties in march I really negotiated with tenants (non government) they could stay but any repairs and the maintainance cost would still apply. Most jumped On deal so far everyone has paid the amount they owed ( month ahead plan).
I Am fortunate that lenders understand the chain of events and are doing best to backstop this as its a private bank. They get if they tried to file in court well good luck with that and trying to sell anything is a joke. As no real estate sales because you can’t show properties.
They did offer us long time mortgage holders a benift at end of this a open ended letter of credit for up to 75 percent of total asset value to buy new aquisitions after crisis at zero percent for 6 months. That’s some smart banking maneuvers.
