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Rumors are everywhere about how Covid-19 is affecting tenants and landlords. Laurence Jankelow sent out a survey to the tenants and landlords on his platform to get some hard data and numbers. Laurence runs Avail, a soup to nuts website that helps landlords and tenants pay rent, run background checks, report maintenance problems, and advertise vacancies. With over 10,000 responses to his survey, Laurence was able to get a good look at how tenants were dealing with the pandemic.\\nOne of the biggest surprises from Laurence\\u2019s survey was the disconnect between what tenants were saying and what landlords believed was happening. His results were surprising, so Laurence encourages landlords to open a dialogue with tenants now before they get surprised in June and July.\\nHalf of all rentals in the U.S. are owned by mom and pop landlords, who are making a small amount of profit on their properties. Rent forbearance, rent forgiveness, and canceling rent would all have hugely negative consequences for these smaller landlords. Laurence and I talk about whether the government can actually stop the rents, and what that might mean for property owners.\\nIs this a better time to sell properties or pick up more properties? Maintenance, showings, and iffy financials may force you to consider leaving the rental market. Laurence says that if you\\u2019re in a situation where your investment property isn\\u2019t putting money in your pocket anymore, then it\\u2019s time to get out.\\nGetting through Covid-19, we\\u2019re all going to have to compromise. We\\u2019re all going to come away with less than before, but tenants and landlords are in this together.\\nWhat\\u2019s Inside:\\n\\u2014Lenders and tenants are not communicating with each other, Laurence\\u2019s survey found.\\n\\u2014Laurence\\u2019s advice for landlords who are in this situation.\\n\\u2014Rent collections for April and May versus the national average.\\n\\u2014If you want to get out as a landlord, it may be a great time to do so.\\n\\u2014No matter what happens, real estate will definitely recover.

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