Landlords in some cases can be flexible, but we are not charities, we are in business and we have responsibilities too. Landlords are not social services. Pay or quit eventually needs to be the natural order. Just like some recover from COVID while others die, who can make sense of it.

The government can be your charity, not entrepreneurs. We have mortgages to pay, home maintenance and family responsibilities to be solvent for. We employ many trades, professionals and house tenants. We carry a heavy load and not all of us are rich, we can't carry non-paying tenants long before the dominoes fall on all.

Sadly, many tenants are quite able to pay rent but the system is allowing them not to, and they think that's all ok (yes, I've heard it from them directly).   It's an upside down world and I empathize with the property owners. 

This is indeed a difficult situation. Sometimes flexibility is the answer but landlords have reponsibilities too.

It will get ugly in my area.  One attorney filed a Writ with the 6th District Court of Appeal in San Jose. 

Solutions?  Better people in political seats. 

Where will they go?  Who knows? 

I have two tenants who have been working through the shut-down, they haven't paid in two months. Some are just taking advantage of the situation. One told me it is between paying rent and buying groceries, rent is not important since there's nothing I could do about it. Just a darn shame.

A lesson learned from the Bank of America caused recession is the BOLD benefited greatly. They held onto their mortgage payment, made a significant down-payment on their next house....and lived better. Investors benefited by grabbing the victimized houses.

Can you blame some for wanting to be bold today?
Unfortunately, the real question is whether this dumpster fire will affect those living in corpulent monotony behind 6 foot walls and controlled access gates.

Real estate agents of compassion will become versed with the inventory of resources available to help those in their community to find shelter. The rest of the real estate agents will tweak their marketing.

Desperate people who feel they have nothing more to lose grab at ANYTHING they believe can assuage their immediate need. Rioters have shown them the way.

Home ownership in some area have reached as low as 40%. That means 60% of the population may be affected this dumpster fire. That also means a significant portion of that 60% have votes that are FOR SALE.

The problem i swhen the government picks winners and losers. Out of work, collecting 600 plus state unployment and some think they dont have to pay their rent. The mortgage is still due. The taxes, insurance and utilities still all due. The govt wont let landlords evict but did not help them/us with our mortgages. I have had tenants still find a way to pay, some who cant but willing to do anything and others enjoying their new 72 in tv, new car, new $3000 dog that wont answer their door. 

Caroline,

I have no idea what will happen.  Hoping for the best as always.  I know that does not exactly answer your question.  A

If all those people are eveicted, where will landlords find enough tenants to replace them? I think the process will be slowed with some type of goverment assistance.

The effects of Covid 19 are and will contine to be far reaching...affecting far more than those who are actually infected with the disease.

It will be a long time before the rising tide settles back to whatever the "new normal" turns out to be.

In Massachusetts, the Governor passed legislation preventing evictions starting March 10 and ending August 17 AND Yesterday extended that provision to October 17..based on COVID-19 reasons

wow, we in IL are up there at 42%. That will be alot of movement so to speak but not unlike what we had in 2008. They will just have to pay or move. Take a hit on their credit because I bet they didn't pay any of their other bills either.

I think we just got an extension on evictions just 2 days ago? Coming soon?

Millions of families face very difficult times.

Very Scary

Well lets not forget that the government passed laws that invited people to not pay rent thus causing chaos with the existing systems. Once order is restored, so will those that rent, own and invest be made whole who want it

All our tenants are current in payments. 

That is a lot of evictions, and a lot of foreclosures for landlords that have to deal with them.

It's a very good question and a very serious issue. Rents are going down even in such previously desirable places as Manhattan. That needs to happen as a reality check, but may not be enough for most renters at risk.

I honestly don't know.

It's a sad situation with no solution.  There will either be haves and have nots or State owns everything.  Homelessness is the pits.  There is a lot of vacant land but the left only wants unrealistic solutions so nothing gets done.

I do feel bad for those with true hardships.  I have rentals and have extended reasonable adjustments.  These blanket no eviction laws are just wrong.  With all the unemployment benefits and the one time $1,200 (plus $500 per child) stimulus check, I just don't understand why the numbers have spiked.  What will happen?  More stimulus and extended periods of time without evictions, at least here in CA.  Possible more, there was one bill being debated that would allow a judge to drop rents 25%.  Last I heard, it was dead unless amended.  It was amended.  They dropped the 25% limit on reductions and one of the bill authors.  I do not know where it stands now.  A more balanced approach really would be welcomed.

We should contact our legislators and ask them to reinstate evictions for non-payment when payment can be made, or to criminalize the non-payment of rent because evictions are stayed.

Makes it hard for those owners to sell their property with tenants hunkered down.