Most property managers are working with tenants on payment plans or other relief measures, but have concerns about abilities to cover costs and pay mortgages down the line.

A web of legislation and executive orders across the U.S. now forbid property managers from evicting residents of rental apartments who miss rental payments during the COVID-19 national health emergency.

But many landlords are struggling to balance the needs of residents who are now unemployed and underemployed with their own pressures of continuing to operate properties safely and pay monthly mortgage payments. In addition, managers have to sort through relief requests to determine which residents need it most.

The U.S. economy has largely frozen as workers and shoppers stay home to “shelter in place” to slow the rapid spread of the lethal coronavirus. Businesses are quickly laying off employees—more than 16 million workers have filed for unemployment in the past three weeks.

Click Here For The Full Article

    SUBSCRIBE TO OUR BUYERS LIST!

    Start receiving; off-market, wholesale, Florida investment properties directly in your inbox!

    [cf7ic]

    Picture: Pixabay