Five Minute Friday #29: Rent Forbearance or Early Lease Termination?

On this week's FMF, Bob discusses the lingering impact of COVID-19 on tenants who have suffered a job loss, decreased work hours, medical expenses, or other loss of income. Many laws and local ordinances have been implemented to protect tenants with eviction moratoria if they have had financial impact due to the coronavirus. There have been no laws established, however, which  give tenants a free pass or restrict a landlord from recovering rent at a future time. As landlords and property managers, what then should we do?

Bob gives an overview of what he considers to be the two primary options: rent forbearance and early lease termination. He explains each and provides the pros and cons of the two approaches as solutions for tenants with financial impact from coronavirus.
 
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North County Property Group

This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TunedIn, iHeart Radio and YouTube. 

Connect with Bob Preston
https://www.propertymanagementbrainstorm.com/

This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TuneIn, iHeart Radio and YouTube.