Landlords who seek forbearance can’t evict tenants, charge late fees or issue negative credit reports for those who fail to pay rent.
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If You’re Hesitant To Hire A Broker For Your Multifamily Property Read This
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Continue readingAll told, 90% of renters made full or partial payments from April 1-12, 2019, compared with 91% of renters in March 1-12, 2020, according to the NMHC. That is a payment rate of 93% compared to the same time last month.
Fiscal Stimulus and Investor Considerations
1031 exchanges, investors who have to either identify or close on a property between April 1 and July 15 now have until July 15.
A pandemic might qualify as an “Act of God,” but that will depend on the answer to several questions, including, but not limited to:
Fannie Mae and Freddie Mac to offer at least 90 days mortgage forbearance to multifamily property owners negatively impacted by the pandemic.