Corona Virus- Project pay
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Corona Virus- Project pay (by Don Dovgin [IL]) Mar 20, 2020 2:50 PM
       Corona Virus- Project pay (by JB [OR]) Mar 20, 2020 3:00 PM
       Corona Virus- Project pay (by 6x6 [TN]) Mar 20, 2020 3:32 PM
       Corona Virus- Project pay (by Jeff [CO]) Mar 20, 2020 3:38 PM
       Corona Virus- Project pay (by Don [IL]) Mar 20, 2020 4:00 PM
       Corona Virus- Project pay (by AllyM [NJ]) Mar 20, 2020 4:10 PM
       Corona Virus- Project pay (by Jen [IN]) Mar 20, 2020 7:15 PM
       Corona Virus- Project pay (by Jen [IN]) Mar 20, 2020 7:15 PM
       Corona Virus- Project pay (by Still Learning [NH]) Mar 20, 2020 10:11 PM


Corona Virus- Project pay (by Don Dovgin [IL]) Posted on: Mar 20, 2020 2:50 PM
Message:

State Specific Question About: ILLINOIS (IL)

Hi,

I would have posted this to a chat room but it looks like it is not operating.

I wanted to see if you had a pulse on the ramifications of the Corona Virus and tenants not paying.

The state of IL has said they will not be evicting people for the next 90 days.

I have 2 single family homes with great tenants but they could be laid off from work and well that means no rent payments for me.

I was curious what other landlords might be doing; holding tight or moving to some type of immediate eviction action.

Thanks,

Don Dovgin --69.47.x.xxx




Corona Virus- Project pay (by JB [OR]) Posted on: Mar 20, 2020 3:00 PM
Message:

Why do you assume that means no rent payments to you?

They can receive unemployment plus they will likely receive a govt check within a couple of weeks. --73.25.xx.xxx




Corona Virus- Project pay (by 6x6 [TN]) Posted on: Mar 20, 2020 3:32 PM
Message:

If they are truly good tenants and like having a roof over there head then they will pay the rent on time otherwise I would not really consider them good tenants. As JB said, they have options. --73.120.xx.xxx




Corona Virus- Project pay (by Jeff [CO]) Posted on: Mar 20, 2020 3:38 PM
Message:

6x6 - yup!!! --76.120.xx.xxx




Corona Virus- Project pay (by Don [IL]) Posted on: Mar 20, 2020 4:00 PM
Message:

Hi

Thanks for the responses thus far.

I would agree that the right thing to do is to be responsible and pay your rent to keep a roof over your head and yes since they have been good tenants, I feel pretty good about my odds.

It's just when the state had already announced there will be no evictions, it takes away what little recourse we have.

--69.47.x.xxx




Corona Virus- Project pay (by AllyM [NJ]) Posted on: Mar 20, 2020 4:10 PM
Message:

Nope. Takes longer and more loss to empty a unit and rehab it. I will work with the tenants and they are good payers. --173.61.xxx.xx




Corona Virus- Project pay (by Jen [IN]) Posted on: Mar 20, 2020 7:15 PM
Message:

Don - thank you for posting this Q.

So for those who are doing something about this ~ do you take reduction in rent? till when? how do you approach tenants about this? I have good tenants and would like to work with them during this hardship.

any suggestion is welcome!

thank you!

Best,

Jen --68.39.xx.x




Corona Virus- Project pay (by Jen [IN]) Posted on: Mar 20, 2020 7:15 PM
Message:

Don - thank you for posting this Q.

So for those who are doing something about this ~ do you take reduction in rent? till when? how do you approach tenants about this? I have good tenants and would like to work with them during this hardship.

any suggestion is welcome!

thank you!

Best,

Jen --68.39.xx.x




Corona Virus- Project pay (by Still Learning [NH]) Posted on: Mar 20, 2020 10:11 PM
Message:

Jen, my plan is to sit tight and see how April 1st shakes out. I believe mist of my tenants are still working and nobody has contacted me yet. I am not planning to offer any reductions. Once we are in the other side of this if everyone has been paying rent then I may do something but to offer a reduction before I know how many rents/vacancies or months until itís over would not be fiscally responsible for my business. I have on the other hand done a few small things. I got a large case pack of toilet paper and have been supplying tenants that ask (selfishly to avoid a costly sewer back up). Today at the building with a common hallway and coin op, I dropped off a roll of paper towels and 2 rolls of quarters to each tenant and left 2 spray bottles of cleaner on the shelf. I told them to use them to keep the knobs and handrails clean and the quarters were because I didnít dare take the machine apart to try to get it to operate for free temporarily. My hope is for a few hundred dollars, there is a sense I care and am not just the greedy landlord so they will be inclined to pay if they can. I have one tenant that is a local police officer losing roommates and the lease is up soon. I did let that tenant know I would make the rent affordable if they were not able to move out due to this virus. That tenant needs to stay healthy and do their job without worrying about housing for the near future. --73.17.xx.xxx





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