COVID-19 Updates

April 1, 2020

Updated April 9, 2020

We’re in the midst of a global pandemic and COVID-19 is having a serious impact on every industry…especially ours. As homeowners try to figure out how to pay their mortgage and tenants struggle to make sure rent is paid, the NLA wants you to know we’re here to help. 

We’ve put together a comprehensive guide of questions we’ve been asked, state law changes, and helpful official resources for landlords. We’re here to help you navigate this unprecedented time

Plus, we’re always available via email- you can reach out to us at mail@nationallandlordassociation.com


Questions you might have:


What do I do if I need to pay my mortgage and my tenant can’t pay rent?

My state has halted evictions, but my tenants have already stopped paying rent. What are the next steps?

If my tenant was not impacted by COVID-19 and is still employed, do they need to pay rent?

Are property managers and landlords considered essential workers?

I own multiple units, how do I communicate with everyone in a timely manner?

What if I have vacancies that need to be filled?

In a rent deferment plan, is it better to spread a missed payment out over a few months or just require the missed payment at the end of the lease term?


State Law Info

While it’s impossible to come up with a perfect strategy on how to fight the economic consequences of the crisis, state governments are trying to support small businesses and property owners by implementing state programs, postponing evictions and foreclosures, and offering mortgage deferrals.
Click here for a breakdown of state-by-state guidelines that we are updating frequently as new information becomes available.


List of Resources

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Related Articles

Purchasing Investment Properties: What Should I Keep in Mind?

Purchasing Investment Properties: What Should I Keep in Mind?

When it comes to investing in real estate, the first thing that comes to mind is whether it will be a lucrative investment that can potentially boost your investment portfolio. If you’re about to buy your first investment property, you’re probably wondering what the...

read more
How to Create a Work Schedule When You’re a DIY Landlord

How to Create a Work Schedule When You’re a DIY Landlord

Managing investment properties might be an overwhelming experience sometimes, but don’t let the commitment it takes be an obstacle in the path towards becoming a landlord. Gaining another stream of income while being your own boss is worth the effort it takes. Avail...

read more
What Landlords Need to Know About the CARES Act

What Landlords Need to Know About the CARES Act

The COVID-19 pandemic has brought the global economy to an abrupt stop; the stock market is down, oil prices have bottomed out, and tens of millions of Americans became unemployed almost overnight. Many of the jobless are having trouble paying rent, with tenants in...

read more