$1,200.00

[Duckologist]

If it helps the economy and stocks rebound I don't care how much money they print

It doesn't help, it hurts actually.

[super_dave]

Calculations put me at receiving 4400.
But if it’s a loan with ANY interest they can keep it and give it to someone else.


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[RdRdrFan]

If you would have opened the article it states there is really nothing backing up tenants. Unless they are section 8 or HUD you can get rid of someone for not paying. You can tack on penalties or late fees if you desire.

I did open it and read the article. They cannot evict as they aren’t hearing cases. No rulings means no evictions. And yes, they can tack on penalties and late fees per the terms of the lease signed by both parties.

[RdRdrFan]

According to the folks that manage my places, If someone decides to just squat and not pay their rent there is no way to evict them.

That is correct at this time.

[RiverRat1]

Threads on Twitter telling renters to get together on strike and not pay rent... Geez

[Roy]

According to the folks that manage my places, If someone decides to just squat and not pay their rent there is no way to evict them.

There are two sides to every story.

Most people who rent are already living paycheck to paycheck- even with steady jobs. But now these same people are without jobs and are spending their money on food and supplies just to survive, with rent being the bottom of their list. I have a close friend and his wife in this exact situation and they tried to ask for, at the very least, a reduction in payment for the next 2 months and the rental manager and property owner are both playing hard ball, and have threatened eviction. They have lived and paid rent on time at this property for over 3 years, and this is how they get treated. No surprise- they are going to squat. These people aren't idiots, they know their rights. But they both lost their jobs in this unfortunate time, offered to at least make some sort of payment arrangement (with a promise to pay the remaining balance), and ultimately have no choice. *Disclaimer: I don't condone squatting one bit, and if I had the financial means I'd help my friend and his wife pay their rent without question!

Not sure of your situation or renters- but I understand you have to make a payment as well. Not sure if you are willing to take a reduced payment for a month or two, but I'm sure your renters would greatly appreciate it if you offered it to them- and it might even keep a few from squatting. I truly hope it works out for you.

[miket]

There are two sides to every story.

Most people who rent are already living paycheck to paycheck- even with steady jobs. But now these same people are without jobs and are spending their money on food and supplies just to survive, with rent being the bottom of their list. I have a close friend and his wife in this exact situation and they tried to ask for, at the very least, a reduction in payment for the next 2 months and the rental manager and property owner are both playing hard ball, and have threatened eviction. They have lived and paid rent on time at this property for over 3 years, and this is how they get treated. No surprise- they are going to squat. These people aren't idiots, they know their rights. But they both lost their jobs in this unfortunate time, offered to at least make some sort of payment arrangement (with a promise to pay the remaining balance), and ultimately have no choice. *Disclaimer: I don't condone squatting one bit, and if I had the financial means I'd help my friend and his wife pay their rent without question!

Not sure of your situation or renters- but I understand you have to make a payment as well. Not sure if you are willing to take a reduced payment for a month or two, but I'm sure your renters would greatly appreciate it if you offered it to them- and it might even keep a few from squatting. I truly hope it works out for you.

So now how is the landlord going to pay his rent or mortgage?

[miket]

My inlaws own a few rent houses. They use the rent to pay the mortgage. Like most business owners, they need their "paycheck" just like the renters need theirs. Jus because you are getting screwed doesnt make it ok to screw someone else.

[JeffK]

According to the folks that manage my places, If someone decides to just squat and not pay their rent there is no way to evict them.

If so, can you stop paying the utility bills? Can the utility companies turn off water and electricity?

[Playa]

There are two sides to every story.

Most people who rent are already living paycheck to paycheck- even with steady jobs. But now these same people are without jobs and are spending their money on food and supplies just to survive, with rent being the bottom of their list. I have a close friend and his wife in this exact situation and they tried to ask for, at the very least, a reduction in payment for the next 2 months and the rental manager and property owner are both playing hard ball, and have threatened eviction. They have lived and paid rent on time at this property for over 3 years, and this is how they get treated. No surprise- they are going to squat. These people aren't idiots, they know their rights. But they both lost their jobs in this unfortunate time, offered to at least make some sort of payment arrangement (with a promise to pay the remaining balance), and ultimately have no choice. *Disclaimer: I don't condone squatting one bit, and if I had the financial means I'd help my friend and his wife pay their rent without question!

Not sure of your situation or renters- but I understand you have to make a payment as well. Not sure if you are willing to take a reduced payment for a month or two, but I'm sure your renters would greatly appreciate it if you offered it to them- and it might even keep a few from squatting. I truly hope it works out for you.

You are correct there are 2 sides. A right and a wrong side, in your scenario. Nobody is penalizing the renters. Just expecting them to honor their word and contract they willingly agreed to.

Look I get living paycheck to paycheck. I. All honesty I’ve lived my entire life that way (41 years). Managed to keep the house of cards standing. But if I’m truly honest with myself, I was only a victim to my own lack of discipline. Regardless of my level of income, I can easily identify “fat” in my budget. Bar money, smokes/snuff, fast food, a suburban I couldn’t really afford, you name it... had I had the fiscal discipline, I could have easily saved 10%. But keeping up an image was more important.

Fast forward... last year I lost my job. $78,000 annual income gone. We had months we couldn’t make the budget work, mostly because we didn’t actually abide by it. I was tired of living that way. So I made a decision. I got 2 jobs. I made more money between Mid March last year and end of the year. We have about 9 months of living expenses in savings.

Don’t blame the landlord you can’t manage your money or lack discipline to do without. An obligation was made, keep it.

[Duckologist]

If so, can you stop paying the utility bills? Can the utility companies turn off water and electricity?

Then your property gets destroyed

[JTCowpoke]

How about the additional 600/wk that those get who got laid off?

[super_dave]

What the government should do is waive property tax fees for the year. That would help everyone


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[Roy]

You are correct there are 2 sides. A right and a wrong side, in your scenario. Nobody is penalizing the renters. Just expecting them to honor their word and contract they willingly agreed to.

Look I get living paycheck to paycheck. I. All honesty I’ve lived my entire life that way (41 years). Managed to keep the house of cards standing. But if I’m truly honest with myself, I was only a victim to my own lack of discipline. Regardless of my level of income, I can easily identify “fat” in my budget. Bar money, smokes/snuff, fast food, a suburban I couldn’t really afford, you name it... had I had the fiscal discipline, I could have easily saved 10%. But keeping up an image was more important.

Fast forward... last year I lost my job. $78,000 annual income gone. We had months we couldn’t make the budget work, mostly because we didn’t actually abide by it. I was tired of living that way. So I made a decision. I got 2 jobs. I made more money between Mid March last year and end of the year. We have about 9 months of living expenses in savings.

Don’t blame the landlord you can’t manage your money or lack discipline to do without. An obligation was made, keep it.

I will assure you that my friend and his wife have been applying all over for a job. These are the kind of people that would give you the shirt off their backs to help anyone in need, have always paid their bills, do not own anything of significant value, nor do they splurge on 'fat'. Yes- an obligation was made for a rental, just like a credit card, a medical bill, etc... don't mean squat to someone though when it's either food or starve. It's easy for everyone else to judge when they are safe with a job and/or a nice savings. Congrats- not everyone is as fortunate.

My inlaws own a few rent houses. They use the rent to pay the mortgage. Like most business owners, they need their "paycheck" just like the renters need theirs. Jus because you are getting screwed doesnt make it ok to screw someone else.

I agree. And they weren't trying to screw their landlord. They have been amazing tenants- taking great care of the property, always paid their rent, and always worked with the landlord to help with costs when he couldn't pay for repairs. This is simply a misfortunate circumstance where both of them lost their jobs a few weeks ago and have not had any luck finding work with what we are all dealing with. They asked for a reduced payment for 2 months, with a promise to pay everything back. Landlord decided to play hardball and turned them down. So now he will get jack chit for as long as the law will protect them.

Again- I'm not saying it's ok to squat. And these people would NEVER do this under normal circumstances. Life hit them with a curveball from hell that I hope none of us will have to face.

So now how is the landlord going to pay his rent or mortgage?

I don't have an answer for this question, mike. I'm not a landlord. But going by what everyone else on TBH says- the landlord should have at least 6 months of rent saved for dealing with a squatter.

[MetalMan2004]

For the renthouse owners, here is some potentially important info I came across researching this all.

From a NYT article interpreting the bill:

“Yes. The bill puts a temporary, nationwide eviction moratorium in place for any renters whose landlords have mortgages backed or owned by Fannie Mae, Freddie Mac and other federal entities. This will last for 120 days after the bill passes, and landlords also can’t charge any fees or penalties for nonpayment of rent.”

Here is an article claiming that homeowners (landlords) can potentially defer payments: https://www.google.com/amp/s/www.mar...E-84B502831015

Read through it all for yourself and come to your own conclusions.